Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
One of North Americaās Bitcoin Mining giants, Marathon Digital Holdings, Inc. has bought an additional 30,000 Antminer S19j Pro (100 TH/s). The deal is valued at $120.7 million.
Marathon has scheduled the delivery latest by June 2022. Post-delivery, the company would estimate more than 133,000 Bitcoin mining machines, that would produce approximately 13.3 EH/s upon all operations are functional. Bitcoin popularity has been bullish in the US and Marathon has hopped on the wagon of the BTC trend.
āIncreasing our percentage of the total networkās hash rate increases our probability of earning bitcoin and given the uniquely favorable conditions in the current mining environment, we believe it is an opportune time to add new miners to our operations,ā said Fred Thiel, Marathonās CEO.
30% hike in BTC mining
The BTC mining company stated that its recent Antminer purchase has resulted in a 30 percent hike in its mining operations. Marathon is running for first place in BTC mining organizations throughout the US, and not just North America.
āWith this new order, we are growing our operations by 30% to approximately 133,000 miners, producing 13.3 EH/s. As a result, once all miners are fully deployed, our mining operations will be among the largest, not just in North America, but globally. Weād like to thank the team at Bitmain for expediting this order as we work to further scale our operations and establish Marathon as one of the leading Bitcoin miners in North America.ā, Fred Thiel added.
Marathon success dedicated to BTC mining
Marathon Digital Holdingsā Shares were up by 200.5% in the first half of 2021 and remain at a bullish 140%. Experts have dedicated the success to Marathonās significant increase in Bitcoin mining activity. Marathon has become one of Bitmainās largest customers with consecutively ordering large quantities of Antminers.
Antminer Sales Director of North, Central, and South America (NCSA) at Bitmain, Irene Gao commented, āMarathon is a key customer of Bitmainās, and we appreciate the opportunity to support their growth with another large order for 30,000 of the industryās most powerful and efficient miners.ā
The post US mining firm buys 30,000 antminers for over $120 million from Bitmain appeared first on Coingape.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.