Hardin Data Center
Marathon entered into an agreements with Beowulf Energy to co-locate its Bitcoin Mining Data Center (the “Data Center”) at the Big Horn Data Hub, which comprises 20 acres of land adjacent to Beowulf’s Hardin Generating Station, a 105 MW power facility located in Hardin, Montana. Beowulf provides power from the Hardin plant to the Data Center at a production cost of $0.028/kWh. Beowulf is also an equity shareholder of Marathon as a result of the joint venture. Marathon retains 100% of the Bitcoin mining output generated at the Data Center. The Data Center has the capacity to deploy up to 30,000 S19 Pro Miners that will generate 3.320 EH/s, providing Marathon with substantial opportunity for future expansion.