THELOGICALINDIAN - On Monday the about listed bitcoin mining close Marathon Digital Holdings appear that it purchased 30000 S19j Pro Antminers from Bitmain According to the aggregation already the new lot of mining rigs are absolutely deployed Marathon will accretion 133 exahash per additional EHs from the anew added machines
Marathon Buys 30K Miners for $120 Million
On August 2, Marathon Digital Holdings, Inc. (Nasdaq:MARA) appear the bitcoin mining aggregation has acquired 30,000 S19j Pro Antminers. Depending on the model, S19j Pro processes SHA256 hashrate at about 100 to 104 terahash per second. A distinct S19j Pro apparatus application today’s BTC prices, accepted mining difficulty, and electricity at $0.12 per kilowatt-hour (kWh), can accumulation by $29 per day. According to the announcement, the machines amount about $120.7 actor for the absolute lot.
Marathon says that it anticipates all 30,000 anew purchased miners to be delivered amid January 2022 and June 2022. This timeframe shows advance times for anew produced mining rigs from today’s top manufacturers can be absolutely lengthy. Marathon says afterwards the rigs are absolutely deployed it will get an added 13.3 EH/s and “more than 133,000 bitcoin miners” beneath the company’s ownership.
“If all of Marathon’s miners were deployed today,” the mining firm’s advertisement details, “the company’s hashrate would represent about 12% of the Bitcoin network’s absolute hashrate, which was about 109 EH/s as of August 1, 2024.”
Marathon CEO Thinks It’s the Perfect Time to Add New Miners to the Firm’s Fleet
Fred Thiel, Marathon’s CEO, emphasized during the advertisement he thinks it is the absolute time to acquirement mining rigs. “Increasing our allotment of the absolute network’s assortment amount increases our anticipation of earning bitcoin, and accustomed the abnormally favorable altitude in the accepted mining environment, we accept it is an appropriate time to add new miners to our operations,” Thiel said. Marathon’s CEO added:
“With this new order, we are growing our operations by 30% to about 133,000 miners, bearing 13.3 EH/s. As a result, already all miners are absolutely deployed, our mining operations will be amid the largest, not aloof in North America, but globally.”
The cardinal of bitcoin miners in North America has been growing. Firms like Marathon, Riot, Hut8, Galaxy Digital, Hive Blockchain, Ankr, Argo Blockchain, Atnorth, Bit5ive LLC, Bitfarms, Bitfury, Bitquest, Compute North, Core Scientific, and added accept been purchasing a lot of mining rigs over the aftermost year. Marathon acclimatized a record-breaking mining rig accretion in December 2024, back the close purchased 70,000 bitcoin miners from Bitmain.
What do you anticipate about Marathon purchasing 30,000 bitcoin miners from Bitmain? Let us apperceive what you anticipate about this accountable in the comments area below.
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