Bitcoin
$66,420.80+0.09%
Ethereum
$3,176.57-1.44%
Binance Coin
$602.84-0.34%
Solana
$154.57-0.49%
XRP
$0.55013913+2.31%
Dogecoin
$0.15871450-2.39%
Toncoin
$5.55-10.46%
Cardano
$0.51081554-0.08%
Shiba Inu
$0.00002679-2.16%
Avalanche
$38.72-0.62%
Wrapped Bitcoin
$66,549.96+0.13%
Polkadot
$7.44-0.97%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Countdown to Consensus 2024The largest and longest running event that covers all sides of Crypto and Web 3
36
DAYS
04
HR
50
MIN
54
SEC
Finance

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
AccessTimeIconAug 2, 2021 at 12:14 p.m. UTC
Updated May 9, 2023 at 3:22 a.m. UTC
Bitmain Antminer
Bitmain Antminer
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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.
VolumeMuteUnmute

Binance Exec's Wife Denies Extradition Report; Thailand Tightens Crypto Regulation

  • Bitcoin Transaction Fees Slide Significantly Post Halving
    00:55
    Bitcoin Transaction Fees Slide Significantly Post Halving
  • 21Shares Exec on Consumer Facing Applications Powered by Blockchain
    00:51
    21Shares Exec on Consumer Facing Applications Powered by Blockchain
  • 21Shares Exec on Aftermath of the Halving, Future of Bitcoin Network
    15:24
    21Shares Exec on Aftermath of the Halving, Future of Bitcoin Network
  • World Chain Is a Blockchain 'Designed for Humans': Tools for Humanity Exec
    00:31
    World Chain Is a Blockchain 'Designed for Humans': Tools for Humanity Exec

    • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.