On December 28, the publicly listed firm Marathon Patent Group announced the purchase of 70,000 Antminer S19 bitcoin miners from Bitmain for $170 million. Marathon expects the shipments to complete in 2021, giving the mining operation over a hundred thousand ASIC miners or more than ten exahash of hashpower.
Marathon Patent Group, Inc. (NASDAQ:MARA) revealed the company is dedicating a lot of capital toward the bitcoin mining industry. On Monday, Marathon announced one of the largest mining rig purchases to-date, as the firm has purchased 70,000 Antminer S19 bitcoin miners from Bitmain. The purchase will cost $170 million according to Marathon’s announcement on Monday morning.
The company anticipates the first delivery by July 2021, and the final shipment during the last month of next year. Marathon states that the company already commands a fleet of 33,000 miners and the recent purchase will triple the size of the operation.