Nasdaq-listed cryptocurrency mining company has ordered another 10,000 S-19 Pro Miners

Nasdaq-listed cryptocurrency mining company has ordered another 10,000 S-19 Pro Miners

Marathon Patent Group, Inc. (NASDAQ: MARA) announced a new order of 10,000 S-19 Pro Miners.


26 Oct 2020 , 19:15 @ Thomas Alford

Nasdaq-listed cryptocurrency mining company has ordered another 10,000 S-19 Pro Miners

Marathon Patent Group, Inc. (NASDAQ: MARA) announced a new order of 10,000 S-19 Pro Miners.

The largest publicly traded Bitcoin mining company in North America today announced an order of another 10,000 Antminer S-19 Pro ASIC Miners. Marathon Patent Group, Inc. has chosen Bitmain, which offers crypto miners with improved performance because it is a new generation.

We are pleased to announce the continued growth of our mining operations against the backdrop of recently increasing Bitcoin prices. Upon delivery and full Installation of all purchased miners, the Company’s mining operations will include 23,560 next generation miners bringing our total hashrate to 2.56 Eh/s and making us the largest self-miner in North America.

Marathon’s chief executive officer, Merrick Okamoto
MPG has now ordered 1 x 10,000 and recently 1x 10,500 miners

According to available information, each of the miners is to produce 110 TH / s and the first 500 pieces should arrive at Marathon’s Hardin MT facility next month. Bitmain will distribute most of the order from 2021 on schedule, 4,000 in January, 6,300 in February, 4,800 in March, 1,800 in April, 1,800 in May and 1,800 in June.

The delivery of these new 10,000 S-19 Pro miners is scheduled to begin in January 2021 and will be completed by March 2021. It is important to note that this delivery is quicker than our previous order for 10,500 miners, which will be delivered between January and June 2021. These new 10,000 miners are expected to all be deployed in Q1, three months earlier than our last purchase. As a result, there will be a substantial increase in our Bitcoin Mining revenue sooner than we had anticipated.

Marathon’s chief executive officer, Merrick Okamoto

We are pleased to have provided Marathon with another 10,000 of Bitmain’s latest generation of Antminer S-19 Pro mining hardware. Equipped with the most advanced chipset currently available, the high-performance and low power consumption of the miners will significantly improve operations of Marathon’s mining business. This collaboration continues to strengthen our cooperation and will extend to future work together as Marathon expands its presence in the mining industry.

Irene Gao, Antminer Sales Director of NCSA Region, Bitmain

After the successful delivery and deployment of all miners, the company will have a total of 23,560 next-generation miners in operation, making it the largest crypto mining company in North America with a total hashrate of 2.56 EH / s.

Read also: J.P. Morgan, a global leader in financial services – Bitcoin can compete with gold

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