Marathon Boosting Bitcoin Mining Game With 1,360 More Rigs Arriving in August
The publicly traded firm has bought hundreds of rigs from mining hardware rivals MicroBT and Bitmain.
Miners are “scrambling” for any available machines as manufacturers stay sold out.
The Vancouver firm is targeting 1,000 PH/s in the next 12 months.
The new machines will add 475 PH/s to Hut 8's hash power.
The Nasdaq-listed mining manufacturer dropped 2% in Q3.
The new Southeast Asian facility will mean U.S. buyers won't have to pay an additional 25% tax on miner orders.
The arrest, noted by the Shenzhen Nanshan District Prosecutor on Dec. 12 and reported by business publication Caixin on Sunday, comes amid ongoing battles between mining giant Bitmain and MicroBT, which has been a rising competitor this year challenging Bitmain's market dominance.