Nasdaq-Listed Company Marathon Purchases 10,500 Next-Gen Bitcoin Miners for $23 M

Nasdaq-Listed Company Marathon Purchases 10,500 Next-Gen Bitcoin Miners for $23 M 2

Among the earliest Nasdaq-listed cryptocurrency mining business, Marathon License Team, revealed a brand-new arrangement contract with the ASIC mining maker Bitmain. According to the general public firm, Marathon has actually accepted acquire 10,500 next-generation Antminer S-19 Pro versions for $23 million.

Marathon License Team intends to be the biggest bitcoin mine in the USA and also its current purchase of countless next-generation mining gears might assist strengthen that objective. On Friday, Marathon revealed a long-term arrangement with Bitmain Technologies as it has actually accepted acquire 10,500 brand-new S-19 Antminers from the firm.

The current S-19 Pro collection declares to offer 110 terahash per 2nd (TH/s) each and also is one of the most lucrative bitcoin miner on the marketplace today. Merrick Okamoto, Marathon’s Ceo informed the general public the acquisition was a landmark for the company.

“The execution of this contract with Bitmain represents a milestone event for our company,” Okamoto stated. “This investment is expected to result in Marathon being one of, if not the largest, bitcoin miner in North America.”

The current order will certainly boost the firm’s web equipment to approximately 13,520 bitcoin mining gears. Marathon bought 500 S-19 Pro miners in mid-June and also at the end of July, Marathon got 700 M31 S+ Whatsminers from Microbt, and also one more 660 gears from Bitmain.

Okamoto proceeded, “Today’s news comes on the heels of recent incremental business growth through the purchase of what now is expected to total 13,520 next-generation miners generating 1.55 exahash (EH/s) upon full installation.”

Mining firm supplies have actually gotten on a tear recently along with public companies like Marathon, Trouble Blockchain, and also Hut8 have actually seen shares boost in worth considerably. There is means much more direct exposure to the bitcoin mining supplies nowadays than years prior. There’s Canaan, Ebang, Hut8, Marathon, Trouble, Hive, OTC, MGT, DPW, Argo, DMG, and also much more. There are currently 14 openly traded mining companies and also all of which have shares that can be bought openly.

Nasdaq-Listed Company Marathon Purchases 10,500 Next-Gen Bitcoin Miners for $23 M 3Nasdaq-Listed Company Marathon Purchases 10,500 Next-Gen Bitcoin Miners for $23 M 4

Regardless of the hold-ups in mining deliveries, Marathon stated “1,360 miners were delivered” to the company’s organizing center. “We are pleased to have provided Marathon with Bitmain’s latest generation of Antminer S19 Pro mining hardware,” Irene Gao an exec at Bitmain stated on Friday.

“[Antminers are] outfitted with one of the most sophisticated chipset presently readily available, the high-performance and also reduced power intake of the miners will considerably enhance procedures of Marathon’s mining company. This cooperation remains to reinforce our teamwork and also will certainly encompass future interact as Marathon broadens its existence in the mining sector,” Gao ended.

What do you think of Marathon License Team acquiring 10,500 S-19 Pro miners? Allow us understand in the remarks area listed below.

Labels in this tale 1.55 exahash, 110 Terahash, Antminer S-19 Pro, Argo, Bitcoin, Bitcoin mining, BTC, Canaan, DMG, DPW, Ebang, hive, Hut8, Marathon, Marathon License Team, Merrick Okamoto, MGT, Mining Supplies, Next-Gen Miners, OTC, Trouble

Photo Credit Scores: Shutterstock, Pixabay, Wiki Commons

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