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Publicly Listed Bitcoin Miner Marathon Purchases 30,000 Mining Rigs from Bitmain – Mining Bitcoin Information


On Monday, the publicly listed bitcoin mining agency Marathon Digital Holdings introduced that it bought 30,000 S19j Professional Antminers from Bitmain. In keeping with the corporate, as soon as the brand new lot of mining rigs are absolutely deployed, Marathon will achieve 13.3 exahash per second (EH/s) from the newly added machines.

Marathon Buys 30K Miners for $120 Million

On August 2, Marathon Digital Holdings, Inc. (Nasdaq:MARA) revealed the bitcoin mining firm has acquired 30,000 S19j Professional Antminers. Relying on the mannequin, S19j Professional processes SHA256 hashrate at round 100 to 104 terahash per second. A single S19j Professional machine utilizing at this time’s BTC costs, present mining problem, and electrical energy at $0.12 per kilowatt-hour (kWh), can revenue by $29 per day. In keeping with the announcement, the machines value round $120.7 million for your entire lot.

Marathon says that it anticipates all 30,000 newly bought miners to be delivered between January 2022 and June 2022. This timeframe reveals lead instances for newly produced mining rigs from at this time’s prime producers may be fairly prolonged. Marathon says after the rigs are absolutely deployed it should get an added 13.3 EH/s and “greater than 133,000 bitcoin miners” beneath the corporate’s possession.

“If all of Marathon’s miners had been deployed at this time,” the mining agency’s announcement particulars, “the corporate’s hashrate would characterize roughly 12% of the Bitcoin community’s complete hashrate, which was roughly 109 EH/s as of August 1, 2021.”

Marathon CEO Thinks It’s the Excellent Time to Add New Miners to the Agency’s Fleet

Fred Thiel, Marathon’s CEO, emphasised in the course of the announcement he thinks it’s the good time to buy mining rigs. “Rising our share of the entire community’s hash fee will increase our chance of incomes bitcoin, and given the uniquely favorable situations within the present mining surroundings, we imagine it’s an opportune time so as to add new miners to our operations,” Thiel stated. Marathon’s CEO added:

“With this new order, we’re rising our operations by 30% to roughly 133,000 miners, producing 13.3 EH/s. In consequence, as soon as all miners are absolutely deployed, our mining operations can be among the many largest, not simply in North America, however globally.”

The variety of bitcoin miners in North America has been rising. Companies like Marathon, Riot, Hut8, Galaxy Digital, Hive Blockchain, Ankr, Argo Blockchain, Atnorth, Bit5ive LLC, Bitfarms, Bitfury, Bitquest, Compute North, Core Scientific, and extra have been buying a whole lot of mining rigs during the last 12 months. Marathon settled a record-breaking mining rig acquisition in December 2020, when the agency bought 70,000 bitcoin miners from Bitmain.

What do you consider Marathon buying 30,000 bitcoin miners from Bitmain? Tell us what you consider this topic within the feedback part beneath.

Tags on this story
$120 Million, 30K Miners, 70k Miners, Antminer, Antminer S19, ASIC miners, Bitcoin Miners, Bitmain, BTC miners, Marathon, Merrick Okamoto, Miner Buy, NASDAQ:MARA, North America, S19 Miners

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