Nasdaq-listed Marathon Patent Group, one of the largest enterprise bitcoin mining companies in North America, said itâ€™s entered into a contract with Bitmain to purchase 70,000 Antminer S-19 ASIC miners for $170 million, more than tripling the size of Marathonâ€™s fleet.
- â€œThis purchase is the largest order in dollar terms as well as the single largest order for S-19 ASIC miners that Bitmain has ever received,” said Marathon Chairman and CEO Merrick Okamoto.
- Marathon said it sees receiving an initial batch of 7,000 S-19 miners in July 2021 and the final shipment in December 2021.
- Once all miners are fully deployed, Marathon said its mining fleet will consist of more than 103,000 miners capable of producing 10.36 EH/s.Â Â
- The announcement comes after a holiday weekend in which the price of bitcoin hit a succession of new all-time highs.
This story is developing and will be updated.