Marathon Digital is buying a record number of Antminer S19 XP (140 TH/s) bitcoin miners from Bitmain, the Nasdaq-exchanged MARA reported on Thursday.
Marathon Didn’t Disclose the Total Though
Las Vegas-based Marathon didn’t unveil a total yet claimed that in terms of exahashes each second (EX/s) the new machines will generate, the deal was the biggest single order of Antminer S19 XP bitcoin miners ever from Bitmain.
Given the strength of our balance sheet and our asset-light model, which permits us to invest our capital into mining machines rather than infrastructure, we were remarkably situated to put in the biggest single request of S19 XPs, in terms of total hash rate, Bitmain has at any point gotten, Marathon CEO Fred Thiel said in an assertion.
Following prior buys this year, Marathon hopes to have 199,000 operational miners generating 23.3 EH/s by mid 2023, a 600% hashrate increment from current levels.
Marathon Made Large Purchases of Miners this Year
Marathon has made numerous huge acquisition of miners this year, and in October it secured a $100 million revolving line of credit with Silvergate Bank in bitcoin and U.S. dollars. The miner said it would utilize the loan to fund bitcoin mining tasks and to secure new hardware.
The quickly developing miner overhauled predictions from autumn when it expected to have 133,000 operational miners generating 13.3 EH/s by mid-2022. As of December 1, Marathon had 31,000 operational miners, creating 3.2 EX/s. At the hour of distribution, Marathon Digital offers were up almost 12% in Thursday exchanging.
As indicated by Telegram, its TON blockchain isn’t dead any longer however has gotten back to life as Toncoin, independently from the organization that made it. Telegram CEO Pavel Durov shared a post in his official channel of Telegram on Thursday that gave support to the project.