Marathon has ordered Bitcoin mining devices worth approximately $900 million from Bitmain.
Marathon, one of the leading Bitcoin mining companies traded on Nasdaq, has ordered new Bitcoin mining devices worth $879 million. With this latest acquisition, Marathon’s hash rate is expected to increase to 23.3 EH/s by early 2023.
The acquisition was actually announced last week. The figure, however, was released on Tuesday. According to the statement, Marathon will receive 78.000 units of Bitmain’s Antminer S-19 XP mining devices in batches throughout 2022.
In a statement on the subject, Marathon CEO Fred Thiel said that this latest order represents the largest single order Bitmain has ever received for S19 XPs in terms of total hash rate and added:
US Marathon Digital Holdings is one of the largest publicly traded Bitcoin mining companies in the world. The market share of US-based Bitcoin miners has increased significantly after China introduced new pressures on Bitcoin miners this year. The USA currently leads the Bitcoin mining market with over 35% hashrate.