THELOGICALINDIAN - Bitcoin mining operations accept clearly commenced today at Marathon Patent Group Incs new mining ability in Quebec Canada
Marathon Patent Group, Inc. has commenced mining operations in Quebec.
According to letters from NASDAQ via Globe Newswire, Marathon had ahead appear the acquirement of 1,400 Bitmain Antminer S9 miners — frequently accepted artlessly as Antminer S9s — on Feb. 8.
A anniversary later, Marathon appear that it had busy 26,700 aboveboard anxiety of amplitude in Quebec to be acclimated as a abstracts center.
Today, Marathon has clearly appear the acknowledged accession of its above equipment. Likewise, Mining operations accept additionally clearly commenced, which — as noted by NASDAQ — “are accepted to advance about 2.0 MW and bear about 19 Ph/s of ASIC mining capacity.”
Marathon’s Interim Chief Executive Officer and Chairman of the Board of Directors, Merrick Okamoto, stated:
Unsurprisingly, Marathon’s accumulating of Antminer S9s are currently mining Bitcoin — but may advance the SHA256 algorithm to abundance added cryptocurrencies in the future.
Marathon additionally has affairs to acutely aggrandize its mining operations and is gluttonous to add an added 3.9 MW of power, which would allow abundant activity to ability up to 2,800 added Antminer S9s.
Marathon’s newfound admiration for Bitcoin mining represents a change of clip for the company, which aforetime operated as an IP licensing company. However, afterwards Marathon acquired GBV, the aggregation confused its focus to developments on the blockchain ecosystem and the bearing of agenda assets.
Currently, GBV is focused about absolutely on the mining of agenda assets. Future affairs circumduct heavily about the amplification of accepted mining activities, with the addition of mining operations for agenda assets added than Bitcoin.
Meanwhile, Quebec has been giving the algid shoulder to abounding new companies attractive to abundance cryptocurrency in the naturally-cold city.
Quebec boasts almost bargain activity costs, acknowledgment to adjacent dams, which pump out massive amounts of ability — so abundant so that it currently has an balance that needs to be awash off. This actuality has admiring no curtailment of cryptocurrency mining companies, abounding of which accept begin their applications denied.
Do you anticipate Marathon can become a apple baton in Bitcoin and cryptocurrency mining? Let us apperceive in the comments below!
Images address of Bitcoinist archives, Shutterstock
