What does your near zero cost energy strategy look like in practice?
Replied byFred Thiel
Chairman and CEO, MARA Holdings at MARA Holdings
Niche: Cryptocurrency, AI, Technology, Finance
Revenue: $1M+/month
Location: USA
Started: 2010
We operate behind the meter at a wind farm we own, so marginal energy cost can be near zero when the wind blows. We move fully depreciated miners there, so there is no depreciation expense, and they run until they expire. We also do similar low cost work using flare gas in oil fields.
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