Bitcoin
$47,675.94-1.50%
Ethereum
$3,364.83-3.10%
XRP
$1.07-1.43%
Cardano
$2.36-1.31%
Polkadot
$33.96-3.10%
Stellar
$0.318100-2.07%
Dogecoin
$0.238356-2.00%
Chainlink
$28.03-2.35%
Uniswap
$24.11-2.34%
Polygon
$1.34-2.34%
Litecoin
$178.20-1.94%
Bitcoin Cash
$617.69-1.96%
Cosmos
$43.04+10.53%
Algorand
$2.02-0.33%
Wrapped Bitcoin
$47,732.87-1.56%
Filecoin
$82.92-2.76%
The Graph
$0.824114-1.77%
Tron
$0.105229-1.43%
Ethereum Classic
$56.16-2.38%
Aave
$347.29-3.54%
Tezos
$6.33-3.68%
NEO
$49.40-2.18%
EOS
$5.09-4.67%
Monero
$267.30-1.37%
IOTA
$1.58-4.53%
BitTorrent
$0.003888-1.79%
Bitcoin SV
$156.55-1.00%
Waves
$28.19-5.12%
Maker
$2,828.95-1.58%
Dash
$197.90-2.70%
Decred
$140.01-3.87%
Decentraland
$0.812062-2.03%
ICON
$1.86-4.08%
NEM
$0.181225-2.47%
Zcash
$137.49-2.03%
OmiseGO
$9.75+10.71%
Qtum
$12.38-2.26%
NuCypher
$0.330140-1.04%
Bitcoin Gold
$64.80-2.87%
Yearn Finance
$33,196.42-2.60%
Basic Attention Token
$0.743000-2.56%
0x
$1.08-4.20%
Paxos Standard
$0.999382-0.09%
Ren
$0.952030-3.61%
Bancor
$4.02-2.43%
Fetch.ai
$0.808529-5.64%
Band Protocol
$9.21-1.62%
Siacoin
$0.018472-2.53%
Kava.io
$6.08-2.46%
Nano
$5.78+4.73%
Loopring
$0.468144+2.41%
Storj
$1.36-2.91%
Lisk
$3.70+2.81%
Civic
$0.512828-4.97%
Numeraire
$45.49-5.79%
Orchid
$0.387682+2.46%
PAX Gold
$1,768.94+0.24%
Augur
$25.82-2.55%
Aragon
$6.36+4.49%
Enzyme
$118.22-4.41%
district0x
$0.179228-0.37%
Kyber Network
$1.77-2.80%
SingularDTV
$0.001425+0.61%
Tether
$1.00+0.04%
USD Coin
$1.00+0.07%
Dai
$1.00+0.01%

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...