Marathon Digital Holdings and Zero Two are collaborating to launch the Middle East's first immersion bitcoin mining operations in the United Arab Emirates. The two companies are constructing two large-scale facilities for cryptocurrency mining with a combined capacity of 250 MW.

The larger facility will be located in Masdar City, while the other will be in the port zone of Mina Zayed. The sites will be powered with excess energy and are expected to come online as early as this year. The equity ownership in the joint venture will be 80% for Zero Two and 20% for Marathon.