Share this article
BTC
$92,867.02
+
2.08%ETH
$1,785.88
+
4.94%USDT
$1.0001
-
0.05%XRP
$2.2226
+
2.65%BNB
$605.63
-
0.90%SOL
$151.25
+
3.65%USDC
$0.9999
-
0.01%DOGE
$0.1776
+
2.69%ADA
$0.6943
+
5.34%TRX
$0.2442
-
1.18%LINK
$14.82
+
6.69%SUI
$2.9721
+
22.80%AVAX
$22.16
+
2.14%LEO
$9.0799
+
1.23%XLM
$0.2659
+
3.00%SHIB
$0.0₄1331
+
1.67%TON
$3.0999
+
3.84%HBAR
$0.1812
+
1.96%BCH
$357.10
-
1.18%LTC
$83.32
+
0.56%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Marathon Signs New $23M Contract With Bitmain for 10,500 Bitcoin Mining Rigs
The $23 million purchase will see Marathon's bitcoin mining capacity increase drastically, turning it into one of the largest miners in North America.

Marathon Patent Group has signed a purchase agreement with Chinese mining manufacturer Bitmain to drastically increase output with 10,500 new Antminer S-19 rigs at a total cost of $23 million.
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The Nasdaq-listed mining company announced Friday the new order will see its bitcoin mining capacity quadruple from 3,020 units to over 13,520 rigs.
- Only last month, Marathon agreed to purchase a total of 1,360 rigs – 660 S-19s as well as 700 rigs from rival manufacturer MicroBT.
- The new rigs will be installed this weekend at the company's facility in Quebec.
- Having started expanding capacity in Q4 2019, the company says it expects the additional hashrate will make its mining facility a revenue-earning venture.
- Bitmain plans to ship 1,000 previously purchased rigs to Marathon in October and November.
- The deal means the Las Vegas-based Marathon will soon become one of the largest operators in the whole of North America, making up 1.2% of total hashrate on the Bitcoin network.
- Marathon's stock price was up over 12% to just under $4 at press time.
See also: Mining Firm Hut 8 Reports 28% Drop in Q2 Revenue Following Bitcoin Halving
Paddy Baker
Paddy Baker is a London-based cryptocurrency reporter. He was previously senior journalist at Crypto Briefing.
Paddy holds positions in BTC and ETH, as well as smaller amounts of LTC, ZIL, NEO, BNB and BSV.
