Marathon bought more from Bitmain 10 000 Antminer S19 Pro

Marathon Patent Group bought more 10 000 ASIC Mainers Antminer S19 Pro in Bitmain. According to the company, With new devices, the overall hashrate of the enterprise will grow to 2.56 Eh / s.

Marathon Patent Group Inc Locked
BITMAIN contract for delivery more 10 000 Antminer S19 Pro Antminer S19 AS. Marathon said, what The new contract increases the total number of devices at the disposal of the company before 23 560 ASIC miners, “What will make it the largest independent miner in North America with a common hash. 2.56 Mother / s ». In this way, The company will be one 15 the largest mining groups in the world.

“We made a deal as part of the continuation of the recently announced initiatives, each of which will benefit our shareholders. BTC growth, undoubtedly, increased our confidence in the successful implementation of the planned plans ".

In August, Marathon announced
About the transaction with Bitmain in the amount $23 million to buy 10 500 Miners Antminer S19 Pro, which she called a significant event for the company. Earlier this month, Marathon said
On the creation of a joint venture with Beowulf Energy for deploying a Datacenter for BTC mining with power 105 MW. Expected, that the data center will generate 1.265 Eh/C to the second quarter 2021 year with the possibility of expansion to 3.320 Eh / s.

According to the press secretary of the company, This transaction will reduce the aggregate costs of the company for electricity and management of the data center for 38% and protect the company in case, If the price of BTC falls in the future. According to the statement, current market prices are very favorable for Marathon, especially after installing recently purchased miners.

“The basic price of bitcoin will always play an important role in our final income and profitability, But we count, that our position as the current largest independent miner in North America gives us good prospects for the future. ".

According to the company's management, Successful mining boils down to increasing power and a decrease in BTC production costs - it is precisely such a strategy that the company plans to follow further.

"Smaller players are much more difficult for to remain profitable", – The company spokesman said. “For competitiveness and success, the scale is of paramount importance. As evidenced by our unique relationship with Bitmain and buy 23 560 Miners today, we are able to grow, Despite the past halving
Bitcoin '.

Recall, that Marathon started
BTC mining in Quebec in the first half 2018 of the year.