Marathon Patent Group Purchases 70,000 ASIC Miners from Bitmain for $170 Million

From globenewswire.com

Marathon Patent Group, Inc. (NASDAQ:MARA) ("Marathon" or the "Company"), one of the largest enterprise Bitcoin self-mining companies in North America, has entered into a contract with Bitmain to purchase 70,000 Antminer S-19 ASIC miners. Under the terms of the agreement, Marathon anticipates 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, the Company’s mining fleet will consist of more than 103,000 miners capable of producing 10.36 EH/s. This landscape changing purchase of these miners more than triples the size of Marathon’s ... (full story)