Fred Thiel, CEO of Marathon Digital Holdings (MARA), recently acknowledged the Trump administration’s efforts in promoting cryptocurrency adoption.

In an interview with Fox Business, Thiel highlighted how current policies have positioned the United States to become a dominant force in Bitcoin mining and blockchain technology.

According to Thiel, Bitcoin miners possess the unique advantage of being able to “shut off anytime without affecting operations,” providing a substantial benefit by allowing power generators to effectively balance electricity supply on the grid.

Marathon Digital Holdings is a leading Bitcoin mining company that has significantly expanded its operations in recent years.

In November 2024, the company acquired two operational data centers in Hannibal and Hopedale, Ohio, adding 222 megawatts of interconnect-approved capacity.

Additionally, Marathon initiated the development of a 150-megawatt facility in Findlay, Ohio.

These expansions have increased the company’s total compute capacity by over 70%, bringing its total nameplate capacity to nearly 1.5 gigawatts.

In its pursuit of sustainable mining solutions, Marathon launched a 25 MW data center operation powered exclusively by excess natural gas from oilfield production.

This initiative, in partnership with NGON, aims to transform excess gas into electricity for on-site data centers, thereby reducing methane emissions and improving the sustainability of oil production. ​

Furthermore, Marathon has embarked on a pilot project in Utah, utilizing methane gas generated from landfill waste to power Bitcoin mining operations.

This project reflects the company’s commitment to integrating renewable energy sources into its mining activities, aligning with broader environmental goals.

The Trump administration’s pro-crypto stance has further bolstered the industry’s prospects.

Recent reports indicate that the administration aims to acquire substantial amounts of Bitcoin to establish a national strategic reserve, signaling strong institutional support for digital assets. ​

Marathon Digital Holdings’ strategic expansions and innovative approaches to sustainable mining position it at the forefront of the evolving cryptocurrency landscape.

The company’s alignment with supportive governmental policies and commitment to environmental sustainability underscore its leadership in the sector.

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