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Marathon Purchases Additional 10,000 S-19 Pro Miners From Bitmain
This marks the second 10,000+ machine order from Marathon since August.
Nasdaq-listed bitcoin mining company Marathon Patent Group signed a contact to purchase an additional 10,000 Antminer S-19 Pro miners from Bitmain, according to a Monday press release.
STORY CONTINUES BELOW
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- The machines, when delivered and fully installed, will add 1.10 exahash to the company's existing mining power.
- Delivery of Marathon's new machines is expected to begin in January 2021 with all miners fully deployed by the end of Q1 2021, according to CEO Merrick Okamoto.
- This latest contract marks the continued rapid expansion of Marathon's mining power after signing another $23 million deal with Bitmain for 10,500 additional miners in August, as CoinDesk reported.
- The Las Vegas-based company also formed a joint venture early this month with Maryland-based Beowulf Energy to supply power to Marathon's miners at a rate 38% lower than its current costs.
Zack Voell
Zack Voell is a financial writer with extensive experience in cryptocurrency research and technical writing. He has previously worked with leading cryptocurrency data and technology firms, including Messari and Blockstream. His work (and tweets) has appeared in The New York Times, Financial Times, The Independent and more. He owns bitcoin.
