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Marathon Digital to Buy $121M of Mining Machines From Bitmain
The contract is for 30,000 Antminer S19J Pro machines, the company said in a statement.
Marathon Digital Holdings said it agreed to buy $120.7 million of bitcoin mining machines from Bitmain.
STORY CONTINUES BELOW
- The contract is for 30,000 Antminer S19J Pro machines, the company said in a statement.
- Shipment of the machines will occur in the first half of next year and will expand the company's mining production to over 133,000 bitcoin miners.
- The miners would produce approximately 13.3 EH/s, representing around 12% of the bitcoin network's total hash rate of 109 EH/s as of Aug. 1, the company claimed.
- Las Vegas-based Marathon is among the companies driving bitcoin mining investment in North America at a time when miners in China have been scaling back operations due to the crackdown on the industry from Beijing.
- Marathon secured an agreement in May to have its newly purchased miners hosted at Compute North's 300-megawatt data center in Texas.
Read more: Chinese Logistics Firm Airlifting Bitcoin Mining Machines to Maryland: Report
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
