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He’s a right wizard’s sleeve is PW
Herdie: "Like the Wizard of Oz on here this morning ;-)"; let's hope that PW does not end up getting exposed, like the Wizard.
H - if Fish joins the board, i'm definitely out :)
Like the Wizard of Oz on here this morning ;-) Where is Michael Fish when you need him,
how long before we move back to canada :)
Panhandle land in Texas and dickens/lubbock county etc have serious Twisters/ tornados every year.
AB - that’s good to know as Northern Texas (including the panhandle) sits inside Tornado Alley.
https://en.m.wikipedia.org/wiki/Tornado_Alley
Yep, absolutely. Thankfully being located where we are, far enough away from the gulf and out of “tornado alley”, the risk is minimal. Out of interest the UK gets 30-50 a year, don’t think I’ve ever seen one!
Our buildings are designed to weather a top level tornado I remember one of the earlier videos saying.
thanks. according to their county stats., Dickens county is considered a "moderate" risk; they average 2 tornadoes a year. Not trying to spread FUD, but considering what has happened to mara, all potential risks should at least be "put out there".
Krautyankee, unlikely is the answer to that. Helios located in the panhandle, normally too far northwest for the tornados.
how do you stop a storm ?
If Helios gets hit with a storm is that gonna be a **** show too! Texas gets a lot of twisters x;)
my god, what are the odds of a twister wreaking havoc on Helios....that would be "all she wrote"!
Yep, totally ****show at Mara. They seem to roll from one disaster to the next, and lets not even start on the compensation to management which sat at and average of 63% across the 4 quarters in ‘21. It’s been over for a while there now.
part 2. Separate from this event, construction and installations in Texas have continued as scheduled, and given the current macro environment, our pipeline of potential new hosting arrangements remains strong. We appreciate the continued support of our shareholders as we work through this process.”
Intrado - LAS VEGAS, June 28, 2022 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), a leader in supporting and securing the Bitcoin ecosystem, today disclosed that, as a result of a storm that passed through Hardin, MT earlier this month, the Company’s mining operations in the region are currently without power and likely to remain offline until the damaged power generating facility can be repaired. Based on the latest inspection reports, Marathon’s miners in Montana may have sufficient power to come back online in a reduced capacity as early as the first week of July.??
On Saturday, June 11, a severe storm passed through the town of Hardin, damaging several structures, including the power generating facility that supplies Marathon’s bitcoin mining operations with power. Since the storm passed, inspections to assess the damage of the power plant have been ongoing. In the past few days, Marathon received a damage assessment. According to the findings, the plant’s cooling towers are in need of repair. Initial electrical tests on Marathon’s miners have been positive, indicating that the majority of the Company’s miners were not materially damaged by the storm.
According to reports the Company has received in the past few days, the power generating station may be repaired enough for Marathon’s miners to come back online in a reduced capacity as early as the first week July. While repairs are ongoing in Montana, Marathon has pointed its remaining active miners, representing approximately 0.6 EH/s, away from the Company’s mining pool, MaraPool, and towards a third-party mining pool in order to increase the probability of earning bitcoin.
Prior to the storm, the 30,000 miners Marathon had deployed in Montana represented over 75% of the Company’s active fleet. With these miners offline, Marathon’s bitcoin production is expected to be significantly reduced until repairs to the power generating facility in Montana can be completed or until the miners can be relocated to new facilities. As announced on April 5, Marathon was already preparing to move miners from this facility to more sustainable sources of power during the third quarter of this year. The Company is currently evaluating the possibility of expediting the move of its miners from Montana to new hosting locations.
“The severe storm in Montana unexpectedly decreased our hash rate in June and presented us with a new challenge that we are actively working to overcome,” said Fred Thiel, Marathon’s chairman and CEO. “Bringing miners fully back online will take time, and we are committed to doing everything we can to rebuild our hash rate and to improve our bitcoin production. As part of that process, we have redirected our active miners, which represent approximately 0.6 exahash, to point towards a third-party mining pool, so that we can improve our probability of earning bitcoin while we work to bring the Hardin miners back online.