Marathon announces new purchase of Bitmain Minern, probably 23.3 EH/s for the beginning of 2023-mining Bitcoin messages

marathon, one of the leading Bitcoin mining companies in North America, announced that it has concluded a new purchase contract with Bitmain, a manufacturer of Bitcoin mining machines. This deal would enable them to acquire an unknown number of Antminer S19 XP models, an ASIC that can deliver 140 Th/S and is also more efficient than its previous iterations. Marathon hopes to house 199,000 miners by early 2023.

marathon continues to buy miner

Marathon Digital Holdings, one of the largest Bitcoin mining companies in the world, announced Today it has concluded a new purchase contract with Bitmain. The agreement will enable the company to acquire a number of mining machines next year to expand its Hashrate capacity. The purchased machines are Antminer S19 XPS, one of the latest miners from the Chinese manufacturer who can deliver 140 Th/S mining performance and at the same time is more energy-efficient than its predecessors.

The manufacturer did not explain how many miners were ordered in this new agreement, however, estimated that with this new batch of miners, which is to be delivered between July 2022 and December 2022, more than 199,000 miner 23.3 before. Hashrates will produce by 2023. According to Peter Thiel, CEO of Marathon, this will mean an increase in capacity by 600% compared to the current hashrate. He continued and found that:

In view of the strength of our balance sheet and our asset light model, which enables us to invest our capital in mining machines instead of in infrastructure, we were uniquely positioned in order to place the greatest individual order of S19 XPS in terms of the overall Hash rate, Bitmain.

a year of growth

This announcement concludes a year of growth in which marathon has constantly won miners for its facilities in the entire United States. Last August, marathon registered the purchase of 30,000 s19j pro-miners, also from Bitmain. At that time, the company estimated that this batch would increase its existing mining performance by 13 EH/S. The cost of the Bergmannsharge was $ 120 million.

In addition, the company has at the beginning of this month announced The hosting had secured for more than 100,000 miners in a contract with Compute North, which would also enable them to supply most of these miners with renewable energies, including sun and wind.

The company even To raise $ 500 million in senior notes to acquire Bitcoin or more Bitcoin mining machines.

What do you think of Marathon's latest deal with Bitmain? Tell us in the comment area below.

sergio goschenko

sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game when he entered the cryptosphere in December 2017. He has a computer engineering background, lives in Venezuela and is affected by the cryptocurrency boom at the social level via crypto success and how it helps the non-banks and under-sector.

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