Marathon Purchases Additional 10,000 S-19 Pro Miners from Bitmain
www.coindesk.com 2020-10-27 11:00
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Nasdaq-listed bitcoin mining company Marathon Patent Group signed a contact to purchase an additional 10,000 Antminer S-19 Pro miners from Bitmain, according to a Monday morning release.
- The machines, when delivered and fully installed, will add 1.10 exahash to the company's existing mining power.
- Delivery of Marathon's new machines is expected to begin in January 2021 with all miners fully deployed by the end of Q1 2021, according to CEO Merrick Okamoto.
- This latest contract marks continued rapid expansion of Marathon's mining power after signing another $23 million deal with Bitmain for 10,500 additional miners in August, as CoinDesk reported.
- The Las Vegas-based company also formed a joint venture early this month with Maryland-based Beowulf Energy to supply power to Marathon's miners at a rate 38% lower than its current costs.
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