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Marathon Purchases Additional 10,000 S-19 Pro Miners From Bitmain
This marks the second 10,000+ machine order from Marathon since August.
By Zack Voell
Updated Sep 14, 2021, 10:23 a.m. Published Oct 26, 2020, 1:00 p.m. 1 min read
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 press 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 the 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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Coinbase announces INR rails to make the platform fully accessible to Indian retail traders.
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