On May 10, Bitcoin mining companies Marathon Digital and Zero Two announced the establishment of a joint venture, Abu Dhabi Global Markets JV Entity (ADGM), which will build a large-scale Bitcoin mining facility in Abu Dhabi, the capital of the United Arab Emirates. Initially two digital asset mining sites will be developed and operated with a total capacity of 250 MW, which will offset non-sustainably produced electricity with clean energy certificates. The equity interest in the ADGM entity consists of 80% in Zero Two and 20% in Marathon Digital.