Bitcoin Mining Firm Marathon Buys 10,000 More Antminers

Bitcoin Mining Firm Marathon Buys 10,000 More Antminers

Bitcoin mining firm Marathon Patent Group Inc. has purchased even more Antminer S19 Pros as it looks to boost its mining hashrate.

The agreement to buy a further 10,000 mining devices from Bitmain comes less than two months after it announced it was buying 13,560 S19s.

Marathon announced the new purchase yesterday and said the mining rigs would begin to arrive at its US-based mining farm in January 2021, and be fully installed by June 2021.

Once they have all the devices it will give Marathon ‘a total hashrate of 2.56 EH/s, making it the largest self-miner in North America.’

Speaking of the purchase, Marathon CEO, Merrick Okamoto, said, ‘We are pleased to announce the continued growth of our mining operations against the backdrop of recently increasing Bitcoin prices.’

The purchase by Marathon is another vote of confidence for the North American Bitcoin mining industry as more hashrate moves west away from China.

The purchase also coincides with the Bitcoin price rising, which has no doubt given the industry a boost, and given miners extra liquidity to invest. Read More