Listed Bitcoin Miner Marathon buys 30,000 mining rigs from Bitmain – mining bitcoin information

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On Monday, publicly traded bitcoin mining firm Marathon Digital Holdings introduced that it had bought 30,000 S19d Professional Antminers from Bitmain. In keeping with the corporate, as soon as the brand new batch of mining rigs are absolutely deployed, Marathon will earn 13.3 exahash per second (EH / s) from the newly added machines.

Marathon buys 30,000 miners for $ 120 million

On August 2, Marathon Digital Holdings, Inc. (Nasdaq: MARA) revealed that the Bitcoin mining firm has acquired 30,000 S19d Professional Antminers. Relying on the mannequin, S19j Professional processes the SHA256 hashrate at round 100 to 104 terahash per second. A single S19j Professional machine utilizing the BTC costs, present mining difficulties and electrical energy at $ 0.12 per kilowatt hour (kWh), can reap the benefits of $ 29 per day. In keeping with the announcement, the machines price round $ 120.7 million for all the batch.

Marathon says it expects the 30,000 newly bought miners to be delivered between January 2022 and June 2022. This lead time exhibits that supply occasions for newly produced mining rigs by main producers in the present day might be fairly lengthy. . Marathon says that when the platforms are absolutely deployed, it would get a further 13.3 EH / s and “over 133,000 bitcoin miners” below firm possession.

“If the entire Marathon miners have been deployed in the present day,” the mining firm’s announcement particulars, “the corporate’s hashrate would symbolize round 12% of the entire Bitcoin community hashrate, which was round 109 EH / s at August 1, 2021 “.

Marathon CEO thinks now’s the right time so as to add new miners to the corporate’s fleet

Fred Thiel, CEO of Marathon, pressured through the announcement that he believes now’s the right time to purchase mining rigs. “Growing our share of the entire community hash charge will increase our chance of incomes bitcoin, and given the significantly favorable situations of the present mining setting, we consider now’s the suitable time so as to add new miners to our operations. “mentioned Thiel. The CEO of Marathon added:

“With this new order, we’re growing our operations by 30% to round 133,000 miners, producing 13.3 pe / s. In consequence, as soon as all miners are absolutely deployed, our mining operations will likely be among the many most vital, not solely in North America, however on the planet. ”

The variety of bitcoin miners in North America has elevated. Corporations like Marathon, Riot, Hut8, Galaxy Digital, Hive Blockchain, Ankr, Argo Blockchain, Atnorth, Bit5ive LLC, Bitfarms, Bitfury, Bitquest, Compute North, Core Scientific and plenty of extra have purchased many mining rigs in over the previous yr. . Marathon settled a report mining rig acquisition in December 2020, when the corporate purchased 70,000 bitcoin miners from Bitmain.

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Tags on this story

$ 120 million, 30,000 miners, 70,000 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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