Marathon Digital to Buy $121M of Mining Machines From Bitmain

The contract is for 30,000 Antminer S19J Pro machines, the company said in a statement.

By Jamie Crawley

Aug 2, 2021 at 12:14 p.m. UTC

Updated Sep 14, 2021 at 1:34 p.m. UTC

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Marathon Digital Holdings said it agreed to buy $120.7 million of bitcoin mining machines from Bitmain.

The contract is for 30,000 Antminer S19J Pro machines, the company said in a statement.
Shipment of the machines will occur in the first half of next year and will expand the company's mining production to over 133,000 bitcoin miners.
The miners would produce approximately 13.3 EH/s, representing around 12% of the bitcoin network's total hash rate of 109 EH/s as of Aug. 1, the company claimed.
Las Vegas-based Marathon is among the companies driving bitcoin mining investment in North America at a time when miners in China have been scaling back operations due to the crackdown on the industry from Beijing.
Marathon secured an agreement in May to have its newly purchased miners hosted at Compute North's 300-megawatt data center in Texas.

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