Marathon Orders $23 Million Worth New Bitmain Antminers

Marathon Patent Group, a NASDAQ-listed Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term mining firm, has signed a long term purchase contract with Bitmain to procure 10,500 Antminer S-19 Pro, costing the company $23 million.

Announced today, the bulk deal will make the North American company one of the largest Bitcoin miners in the region, and will contribute around 1.2 percent of the total Hash Rate Hash Rate A hash rate is the measure of a cryptocurrency miner’s performance and a key security metric. In the context of mining, the more hashing or computing power in a given network, the greater its security and its overall resistance to attackMining hashrate is a key security metric. The more hashing (computing) power in the network, the greater its security and its overall resistance to attack. Hash rate is also a measurement of the output of a device that is used to add transactions to a blockchain A hash rate is the measure of a cryptocurrency miner’s performance and a key security metric. In the context of mining, the more hashing or computing power in a given network, the greater its security and its overall resistance to attackMining hashrate is a key security metric. The more hashing (computing) power in the network, the greater its security and its overall resistance to attack. Hash rate is also a measurement of the output of a device that is used to add transactions to a blockchain Read this Term to the Bitcoin network.

“Today’s news comes on the heels of recent incremental business growth through the purchase of what now is expected to total 13,520 next-generation miners generating 1.55 Exahash upon full installation,” Merrick Okamoto, Marathon’s chief executive officer, said.

Additionally, he added that the US-based company has received a significant discount on the retail price of the flagship ASIC miners. Furthermore, he reduced the risk of a price increase of the mining hardware, and it is protected against any shortage in the miner’s supply in the future.

Making of a Mining North American Giant

This bulk deal for Antminer procurement came a month after the company agreed to purchase another 660 S-19 Pro miners from Bitmain and 700 ASIC miners from MicroBT, a rival of Bitmain.

The company detailed that it has already received the new 1,360 mining rigs, and those will be deployed by this weekend, adding to its existing operational 700 miners.

Moreover, the company is awaiting another shipment of 500 S-19 Pro Miners in September and 500 more in November, which were ordered previously.

“We are pleased to have provided Marathon with Bitmain’s latest generation of Antminer S19 Pro mining hardware,” Irene Gao, Antminer sales director of NCSA region at Bitmain, said. “This collaboration continues to strengthen our cooperation and will extend to future work together as Marathon expands its presence in the mining industry.”

Meanwhile, Bitmain recently delayed the shipment of its Antminers till September and October, citing the ongoing chaos in its management.