Marathon Patent Group Announces Pre-Order Purchase Of 70,000 Antminer S-19 ASIC Miners From Bitmain For $170 Million
Marathon Patent Group Announces Pre-Order Purchase Of 70,000 Antminer S-19 ASIC Miners From Bitmain For $170 Million
December 30, 2020
Marathon Patent Group Announces Pre-Order Purchase Of 70,000 Antminer S-19 ASIC Miners From Bitmain For $170 Million
Marathon Patent Group Announces Pre-Order Purchase Of 70,000 Antminer S-19 ASIC Miners From Bitmain For $170 Million
December 30, 2020

Marathon Patent Group (MARA) has announced the pre-order purchase of 70,000 Antminer S-19 ASIC miners from Bitmain for $170 million.

It has been reported that with this latest order, which is the largest purchase both in dollars and for S-19 ASIC miners that Bitmain has received, that would increase the size of Marathon’s fleet by 3x.

However, Marathon, one of the largest Bitcoin mining companies in North America, will be receiving the initial shipment in July 2021 and the final batch will come in December 2021.

The report said that this will bring the total machines under Marathon at 103,000 with a total mining capacity of 10.36 exahashes per second (EH/s). The order came after the holiday weekend that saw Bitcoin breaking multiple levels of ATH.

Likewise, MARA shares up 24% in the pre-market.

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Thus, trading around $12.25, the shares are up 98% this month and more than a 1,000% YTD.

Source: Bitcoin Exchange Guide


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.