Bitcoin
$42,691.25-3.88%
Ethereum
$2,923.19-5.52%
XRP
$0.947552-3.54%
Cardano
$2.35+3.16%
Polkadot
$31.17-4.88%
Stellar
$0.281584-5.49%
Dogecoin
$0.210306-4.92%
Chainlink
$23.10-6.14%
Uniswap
$19.78-5.95%
Cosmos
$41.33+0.05%
Polygon
$1.13-5.56%
Algorand
$1.77-8.69%
Litecoin
$153.81-4.53%
Bitcoin Cash
$517.50-4.86%
Wrapped Bitcoin
$42,708.88-3.80%
The Graph
$0.684352-8.29%
Filecoin
$63.43-13.13%
Tron
$0.092187-4.84%
Ethereum Classic
$47.98-4.62%
Tezos
$7.17+8.37%
Aave
$279.82-6.70%
Monero
$240.91-3.59%
NEO
$39.64-7.59%
EOS
$4.03-5.91%
IOTA
$1.26-6.97%
BitTorrent
$0.003278-4.96%
Bitcoin SV
$134.59-7.44%
Waves
$24.74-5.15%
Maker
$2,290.03-4.49%
Dash
$165.57-9.13%
Decred
$117.73-1.67%
Decentraland
$0.697765-6.20%
ICON
$1.58-6.24%
NEM
$0.149190-6.55%
Zcash
$110.63-7.98%
OmiseGO
$8.90-5.78%
Paxos Standard
$0.999869+0.61%
NuCypher
$0.280535-4.69%
Yearn Finance
$29,698.38-3.08%
Ren
$1.06+3.78%
Qtum
$9.84-7.04%
Bitcoin Gold
$52.23-5.56%
Fetch.ai
$0.848679+2.22%
Basic Attention Token
$0.651860-5.42%
0x
$0.905617-6.67%
Kava.io
$6.15+2.20%
Bancor
$3.44-5.30%
Band Protocol
$7.40-7.74%
Siacoin
$0.015063-5.26%
Nano
$4.71-4.82%
Loopring
$0.381945-5.79%
Civic
$0.463579-7.24%
Storj
$1.08-6.59%
Numeraire
$41.27-4.13%
Lisk
$2.89-5.17%
Orchid
$0.323523-6.46%
PAX Gold
$1,759.88-0.27%
Enzyme
$130.79-5.32%
Augur
$20.44-7.56%
Aragon
$4.83-3.21%
district0x
$0.153357-2.21%
Kyber Network
$1.45-6.33%
SingularDTV
$0.001318-2.06%
Tether
$1.00+0.03%
USD Coin
$1.00+0.03%
Dai
$1.00+0.02%

Marathon Patent Agrees to Buy 70K ASIC Miners From Bitmain for $170M

The announcement comes after a holiday weekend in which the price of bitcoin hit a succession of new all-time highs.

Dec 28, 2020 at 1:39 p.m. UTC
Updated Sep 14, 2021 at 10:48 a.m. UTC

Nasdaq-listed Marathon Patent Group (MARA), one of the largest enterprise bitcoin mining companies in North America, announced its pre-order purchase of 70,000 Antminer S-19 ASIC miners from Bitmain for $170 million, more than tripling the size of Marathon's fleet.

  • “This purchase is the largest order in dollar terms as well as the single largest order for S-19 ASIC miners that Bitmain has ever received," said Marathon Chairman and CEO Merrick Okamoto.
  • Marathon said it sees receiving an initial batch of 7,000 S-19 miners in July 2021 and the final shipment in December 2021.
  • Marathon said its mining fleet will include more than 103,000 machines after this latest order has been received and deployed with a total mining capacity of 10.36 exahashes per second (EH/s).  
  • Shares of Marathon opened Monday trading nearly 30% higher than their Friday close, trading hands just below $14. But some gains were given back as the share price dipped roughly 5% around 15:30 UTC.
  • The monster order comes after a holiday weekend in which the price of bitcoin hit a succession of new all-time highs.

Update (Dec. 28, 15:43 UTC): Updated with Marathon stock prices.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...