Marathon moving is same direction as DMG. “Our production in November was negatively impacted by curtailment at the King Mountain site in Texas. This increased curtailment was caused by spot market pricing of energy driven by weather combined with lower bitcoin prices. We are working on optimizing curtailment strategies and site operations with the new operator and expect King Mountain’s productivity to improve in the coming months.
“While Applied Digital awaits regulatory approval to energize their facility in Garden City, Texas, construction of facilities and installations of mining servers remain underway according to the most publicly available information. Simultaneously, Marathon continues to execute on its strategy to improve how efficiently we convert electricity into value. We recently launched an immersion pilot program, and our first 14,000 S19 XPs, which are 30% more energy efficient than the prior generation of servers, were successfully installed in Applied Digital’s facility in Garden City, Texas during November.