THELOGICALINDIAN - One of the ancient Nasdaqlisted cryptocurrency mining companies Marathon Patent Group appear a new acceding arrangement with the ASIC mining architect Bitmain According to the accessible aggregation Marathon has agreed to acquirement 10500 nextgeneration Antminer S19 Pro models for 23 million
Marathon Patent Group wants to be the better bitcoin abundance in the United States and its contempo accretion of bags of next-generation mining rigs may advice fortify that goal. On Friday, Marathon announced a continued appellation acceding with Bitmain Technologies as it has agreed to acquirement 10,500 new S-19 Antminers from the company.
The latest S-19 Pro alternation claims to accommodate 110 terahash per additional (TH/s) per assemblage and is the best assisting bitcoin miner on the bazaar today. Merrick Okamoto, Marathon’s Chief Executive Officer told the accessible the acquirement was a anniversary for the firm.
“The beheading of this arrangement with Bitmain represents a anniversary accident for our company,” Okamoto said. “This advance is accepted to aftereffect in Marathon actuality one of, if not the largest, bitcoin miner in North America.”
The latest adjustment will access the company’s net accouterment to almost 13,520 bitcoin mining rigs. Marathon purchased 500 S-19 Pro miners in mid-June and at the end of July, Marathon bought 700 M31S Whatsminers from Microbt, and addition 660 rigs from Bitmain.
Okamoto continued, “Today’s account comes on the heels of contempo incremental business advance through the acquirement of what now is accepted to absolute 13,520 next-generation miners breeding 1.55 exahash (EH/s) aloft abounding installation.”
Mining aggregation stocks accept been on a breach afresh as able-bodied as accessible firms like Marathon, Riot Blockchain, and Hut8 accept apparent shares access in amount significantly. There is way added acknowledgment to the bitcoin mining stocks these canicule than years prior. There’s Canaan, Ebang, Hut8, Marathon, Riot, Hive, OTC, MGT, DPW, Argo, DMG, and more. There are now 14 about traded mining firms and all of which accept shares that can be purchased publicly.
Despite the delays in mining shipments, Marathon said “1,360 miners were delivered” to the firm’s hosting facility. “We are admiring to accept provided Marathon with Bitmain’s latest bearing of Antminer S19 Pro mining hardware,” Irene Gao an controlling at Bitmain said on Friday.
“[Antminers are] able with the best avant-garde chipset currently available, the high-performance and low ability burning of the miners will decidedly advance operations of Marathon’s mining business. This accord continues to strengthen our cooperation and will extend to approaching assignment calm as Marathon expands its attendance in the mining industry,” Gao concluded.
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