Follow us on socials!10.08.2024
# MARA Announces 25-Megawatt Micro Data Center Project Powered by Excess Natural Gas from Oilfields
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MARA is launching a 25-megawatt micro data center operation across wellheads in Texas and North Dakota, transforming excess gas into power for the data centers and helping energy producers increase methane mitigation efficiency up to 99%.
**TLDR:** In partnership with NGON, MARA is launching a 25-megawatt micro data center operation across wellheads in Texas and North Dakota, transforming excess gas into power for the data centers and providing a valuable service to energy producers helping increase methane mitigation efficiency up to .
MARA is excited to announce the launch of a 25-megawatt micro data center operation powered exclusively by excess natural gas from oilfield production. This marks an important milestone for the company, as MARA will be operating its first owned power generation assets to convert this excess gas into electricity for use in on-site data centers. MARA has partnered on this operation with , a leading on-site mitigation services provider, to increase utilization of natural gas and mitigate flaring – the controlled burning of gas – to reduce methane emissions.
Natural gas, a mixture primarily composed of methane, often emerges as a byproduct during crude oil extraction. However, establishing pipelines to transport this gas, which is known as “associated gas,” can pose significant logistical and economic challenges for well operators, leading to its underutilization. As a result, well operators often resort to flaring gas to reduce methane emissions. Every year, roughly  of natural gas are flared globally. However, the average flare is only  at combusting methane, releasing 8% of the potent gas into the atmosphere.
The 25-megawatt micro data center operation will be distributed across wellheads in Texas and North Dakota. These sites, which would otherwise flare excess natural gas, began energizing in September and are expected to be fully operational by January 2025. This methodology captures and converts excess natural gas into economic value on-site while reducing operating costs and dramatically improving the sustainability of oil production – increasing methane mitigation efficiency up to . The operation also establishes a pathway to create carbon credits via grid offsets through successful listing on the Verra Registry.
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*MARA’s and NGON’s operations in Hearne, Texas.*
“Our strategic partnership with MARA marks an important milestone for both the energy and compute sectors,” said Matthew Tunney, NGON’s CEO. “The rapid energization of these sites is a testament to our curated strategy and the agile, scalable nature of our combined technological expertise. MARA is among the first public companies to adopt this approach, and we look forward to collaborating to provide a sustainable and cost-effective beneficial use for excess gas.”
“Reducing methane emissions is one the of most immediate and impactful ways to improve our environment,” said Fred Thiel, MARA’s Chairman and CEO. “Our latest operations reduce operating costs by utilizing existing natural gas production. These operations are also MARA’s first owned power generation assets, advancing our goal of greater vertical integration and operational resilience. We’ve set a new benchmark by achieving the lowest cost per bitcoin across our global operations while expanding our suite of energy solutions through on-site power generation."
#### **About MARA**
MARA (NASDAQ:MARA) is a global leader in digital asset compute that develops and deploys innovative technologies to build a more sustainable and inclusive future. MARA secures the world’s preeminent blockchain ledger and supports the energy transformation by converting clean, stranded, or otherwise underutilized energy into economic value.
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#### **Forward-Looking Statements**
This blog post contains forward-looking statements within the meaning of the U.S. federal securities laws. All statements, other than statements of historical fact, included in this blog post are forward-looking statements. The words "may," "will," "could," "anticipate," "expect," "intend," "believe," "continue," "target" and similar expressions or variations or negatives of these words are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements are based on management's current expectations about future events as of the date hereof and involve many risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Subsequent events and developments, including actual results or changes in our assumptions, may cause our views to change. We do not undertake to update our forward-looking statements except to the extent required by applicable law. Readers are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements included herein are expressly qualified in their entirety by these cautionary statements. Our actual results and outcomes could differ materially from those included in these forward-looking statements as a result of various factors, including, but not limited to, the factors set forth under the heading "Risk Factors" in our most recent annual report on Form 10-K and any other periodic reports that we may file with the U.S. Securities and Exchange Commission (the"SEC").
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Follow us on socials!09.18.2024
# MARA & AlphaGeo: Leveraging AI-Driven Insights to Build a Resilient Future
Today, MARA announces our collaboration with AlphaGeo. Through the integration of their AI-powered geospatial predictive analytics, MARA aims to enhance its ESG performance, reduce costs, improve resilience and support sustainable growth, optimizing its investment footprint as it expands internationally.
MARA Holdings, Inc. (NASDAQ:MARA) ("MARA" or "Company"), a global leader in leveraging digital asset compute to support the energy transformation, announces a strategic collaboration with, an AI-powered geospatial predictive analytics software that supports businesses by providing insights on geographic risk and resilience. “As MARA continues its global expansion, AlphaGeo's advanced ESG analytics will become an integral part of our strategic repertoire,” said Manoj Narender Madnani, MARA’s Managing Director of International. This collaboration will provide critical data on climate risks and resilience attributes for all our data centers and facilities worldwide.
By leveraging AlphaGeo's proprietary machine-learning models, we have the opportunity to forecast energy costs and insurance premiums with greater accuracy, optimizing operational expenses and informing investment decisions. Additionally, AlphaGeo's expertise will assist in our assessment of national energy supply and demand dynamics, addressing water risks, and power generation potential from existing and planned grid investments, including renewable sources. This collaboration is part of our commitment to sustainability and community development and will enable us to convert surplus grid power into economic value while creating job opportunities and enhancing societal resilience in energy-rich but climate-stressed regions.
Together with AlphaGeo, we will conduct joint case studies on our country-level engagements, showcasing the impact of our collaboration on sustainable digital asset compute and the energy transformation. AlphaGeo's product suite includes hyper-local climate risk downscaling as well as analysis of operational and capital expenditures. This will empower MARA to make data-driven decisions that balance profitability with long-term sustainability. Mr. Madnani emphasized, “This collaboration will enable us to act swiftly and effectively in the dynamic global landscape, ensuring our investments are both sustainable and impactful.”
"The nexus of the digital and energy economies is one of the most exciting revolutions underway today, and AlphaGeo is thrilled to be working with MARA to ensure it unfolds in a sustainable direction,” said Parag Khanna, AlphaGeo’s founder and CEO.
MARA's collaboration with AlphaGeo represents a significant advancement in our global expansion strategy. By integrating AlphaGeo’s predictive analytics, we will identify the most promising geographies for deploying our energy solutions. Mr. Madnani describes this venture as “a true 1+1=11 collaboration with an opportunity to have an exponential impact for the ecosystem.” With AlphaGeo's insights, we are well-positioned to strategically build a resilient future.
#### About AlphaGeo
AlphaGeo is a leading AI-powered geospatial predictive analytics software company dedicated to future-proofing global investments. By applying advanced machine-learning techniques to geospatial data, AlphaGeo captures risk and adaptation indicators into an integrated spatial index that covers every location on Earth. This innovative approach guides clients towards more resilient investing, enabling them to navigate the complexities of climate change and geopolitical dynamics effectively.
Founded in 2022 by strategic geographer Dr. Parag Khanna, AlphaGeo operates from key locations in Singapore and New York. The company serves a diverse clientele, including major institutional investors in real estate and infrastructure, insurance companies, and market analytics platforms. AlphaGeo's proprietary technology provides detailed insights into physical climate risks and resilience attributes, empowering organizations to make informed investment decisions.
For more information, read AlphaGeo’s whitepaper (), visit their website (), or follow on LinkedIn ().
#### About MARA
This blog post contains forward-looking statements within the meaning of the U.S. federal securities laws. All statements, other than statements of historical fact, included in this blog post are forward-looking statements. The words "may," "will," "could,""anticipate," "expect," "intend,""believe," "continue," "target" and similar expressions or variations or negatives of these words are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements are based on management's current expectations about future events as of the date hereof and involve many risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Subsequent events and developments, including actual results or changes in our assumptions, may cause our views to change. We do not undertake to update our forward-looking statements except to the extent required by applicable law. Readers are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements included herein are expressly qualified in their entirety by these cautionary statements. Our actual results and outcomes could differ materially from those included in these forward-looking statements as a result of various factors, including, but not limited to, the factors set forth under the heading "Risk Factors" inour most recent annual report on Form 10-K and any other periodic reports that we may file with the U.S. Securities and Exchange Commission (the"SEC").