While the White House appears to be aiming to put bitcoin miners out of business in the U.S., Abu Dhabi is embracing the industry with its just-announced partnership with MarathonDH. $MARA SteveAlpher reports
Bitcoin miner Marathon Digital has formed a joint venture with Zero Two - backed by Abu Dhabi's sovereign wealth fund - to create the Middle East's first large-scale immersion bitcoin mining operation.for a proposed tax advocating crypto miners in the country pay an amount equal to 30% of their energy costs.
Zero Two will own 80% of ADGM and Marathon 20%, with the initial capital contribution of about $406 million to be split between the two along those proportions.
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