Earlier this month, on June 11, a major storm passed over Montana and South Dakota. The natural disaster left thousands of customers without power, including Marathon Digital’s “farm” in Hardin.
As of Wednesday, June 29, the facility is still offline. About 30,000 systems are located there, representing 75 percent of the company’s total computing capacity.
A preliminary assessment showed that most of the equipment survived the power surges. But the facility is de-energized. The “farm” probably won’t return to operation until the networks are restored.
“Getting the units fully back online will take time. We are doing everything we can to increase the hash rate. As part of this, we have redirected some of the 0.6 hash capacity miners to a third-party pool,” Marathon Digital noted.
Notably, even before the June 11 incident, the company claimed a drop in performance at the Hardin site. The reason was the rising cost of energy from Texas, as well as technical problems with the equipment.
The company’s estimated recovery time for the “farm” is early July. Marathon Digital plans to move the facility to a region with a more stable power system in the third quarter of this year.
Previously, the firm said it would continue mining cryptocurrency. The company has proven to be more resilient than some of its competitors.