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.
#Nasdaq-listed #Bitcoin Mining Companies Rally Following Big Machine Orders https://t.co/2ljVDrWVgb — ₿EG News – BitcoinExchangeGuide (@bitcoinsguide) December 29, 2020
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.
Thus, trading around $12.25, the shares are up 98% this month and more than a 1,000% YTD.
Source: Bitcoin Exchange Guide