U.S. Markets closed
  • S&P Futures

    3,648.75
    +16.00 (+0.44%)
     
  • Dow Futures

    30,121.00
    +123.00 (+0.41%)
     
  • Nasdaq Futures

    12,162.00
    +86.00 (+0.71%)
     
  • Russell 2000 Futures

    1,857.50
    +6.00 (+0.32%)
     
  • Crude Oil

    45.48
    +0.57 (+1.27%)
     
  • Gold

    1,804.10
    -0.50 (-0.03%)
     
  • Silver

    23.30
    -0.00 (-0.02%)
     
  • EUR/USD

    1.1908
    +0.0011 (+0.0953%)
     
  • 10-Yr Bond

    0.8820
    +0.0250 (+2.92%)
     
  • Vix

    21.64
    -1.02 (-4.50%)
     
  • GBP/USD

    1.3358
    -0.0000 (-0.0013%)
     
  • USD/JPY

    104.5200
    +0.0400 (+0.0383%)
     
  • BTC-USD

    18,990.68
    -77.81 (-0.41%)
     
  • CMC Crypto 200

    376.81
    +7.06 (+1.91%)
     
  • FTSE 100

    6,432.17
    +98.33 (+1.55%)
     
  • Nikkei 225

    26,581.98
    +416.39 (+1.59%)
     

Marathon Purchases Additional 10,000 S-19 Pro Miners From Bitmain

Zack Voell
·1 min read

Nasdaq-listed bitcoin mining company Marathon Patent Group signed a contact to purchase an additional 10,000 Antminer S-19 Pro miners from Bitmain, according to a Monday press release.

  • The machines, when delivered and fully installed, will add 1.10 exahash to the company’s existing mining power.

  • Delivery of Marathon’s new machines is expected to begin in January 2021 with all miners fully deployed by the end of Q1 2021, according to CEO Merrick Okamoto.

  • This latest contract marks the continued rapid expansion of Marathon’s mining power after signing another $23 million deal with Bitmain for 10,500 additional miners in August, as CoinDesk reported.

  • The Las Vegas-based company also formed a joint venture early this month with Maryland-based Beowulf Energy to supply power to Marathon’s miners at a rate 38% lower than its current costs.

Related Stories