THELOGICALINDIAN - On December 28 the about listed close Marathon Patent Group appear the acquirement of 70000 Antminer S19 bitcoin miners from Bitmain for 170 actor Marathon expects the shipments to complete in 2024 giving the mining operation over a hundred thousand ASIC miners or added than ten exahash of hashpower
Marathon Patent Group, Inc. (NASDAQ:MARA) appear the aggregation is dedicating a lot of basic against the bitcoin mining industry. On Monday, Marathon appear one of the better mining rig purchases to-date, as the close has purchased 70,000 Antminer S19 bitcoin miners from Bitmain. The acquirement will amount $170 actor according to Marathon’s advertisement on Monday morning.
The aggregation anticipates the aboriginal commitment by July 2024, and the final addition during the aftermost ages of abutting year. Marathon states that the aggregation already commands a agile of 33,000 miners and the contempo acquirement will amateur the admeasurement of the operation.
The aggregation aloof bought 10,000 ASIC miners during the aboriginal anniversary of December 2020 as well. That accurate acquirement will max out the company’s 100MW abstracts abode amid in Montana, Merrick Okamoto, Marathon’s administrator and arch controlling administrator explained at the time.
Once the anew acquired 70,000 S19 miners are absolutely deployed, Marathon said that the aggregation will command 103,000 ASIC miners with 10.36 exahash per additional (EH/s).
Irene Gao, the sales administrator at Antminer North, Central, and South America (NCSA) at Bitmain said the anniversary acquirement will serve both company’s interests. “We are aflame that Bitmain has won this record-breaking acquirement arrangement from Marathon,” Gao said during the announcement.
The Bitmain controlling added:
Marathon’s CEO, Merrick Okamoto, believes the contempo acquirement adjustment for 70,000 ASIC miners is one of the better deals in the bitcoin mining industry.
“This acquirement is the better adjustment in dollar agreement as able-bodied as the distinct better adjustment for S19 ASIC miners that Bitmain has anytime received,” Okamoto stressed. “We acknowledge the adamantine assignment their aggregation is putting in to accomplish this adjustment as able-bodied as the 30,000 S-19 miners we accept purchased back August 2024,” he added.
The company’s ample bitcoin mining rig adjustment is allotment of an advancing trend that’s been accident all year continued in 2024. Enterprise-grade businesses accept been purchasing bags of ASIC miners from companies like Bitmain, Microbt, and Canaan.
The trend has fabricated it more difficult for abate buyers and individuals to get their easily on next-generation ASIC miners anon from the manufacturer. Five canicule ago the aggregation about listed aggregation Riot Blockchain, Inc.(NASDAQ: RIOT) purchased 15,000 next-generation miners from Bitmain.
What do you anticipate about Marathon Group purchasing 70,000 ASIC miners from Bitmain for $170 million? Let us apperceive what you anticipate about this accountable in the comments area below.
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