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Marathon Purchases 10,000 Bitcoin Miners, Machines Will Max Out 100 Megawatt Montana Facility

Marathon Purchases 10,000 Bitcoin Miners, Machines Will Max Out 100 Megawatt Montana Facility

On December 9, the Nasdaq-listed cryptocurrency mining firm, Marathon Patent Group, introduced the agency is buying 10,000 Antminer S-19j Pro models from the Chinese mining producer Bitmain. According to Marathon, after the acquisition of next-generation bitcoin miners, the corporate could have an mixture whole of 33,560 ASIC miners with as much as 3.56 exahash (EH/s) of hashpower.

Marathon Patent Group, Inc. (NASDAQ:MARA) has partnered with Bitmain as soon as once more to buy one other 10,000 application-specific built-in circuit (ASIC) bitcoin miners. In addition to the current buy, Marathon has famous it’s also increasing operations and is at the moment working with the power producer Beowulf Energy.

Marathon particulars that with Beowulf Energy’s assist, it plans to open a brand new “renewable energy-powered information heart within the northeastern United States.” According to the announcement, Beowulf plans to provide Marathon with a 100 (MW) megawatts of power and the flexibility to improve to 250MW.

Marathon says that 6,000 S-19j Pro miners shall be shipped in August 2021 and the latter 4,000 shall be delivered to the agency’s Montana facility. After Bitmain completes the deal, Marathon’s Hardin Montana information home shall be maxed out with a consumption stage of 100MW.

Marathon Purchases 10,000 Bitcoin Miners, Machines Will Max Out 100 Megawatt Montana Facility

The firm says the Big Horn County bitcoin mining facility will host a complete of 33,560 ASIC bitcoin miners with 3.56 exahash per second of SHA256 hashrate. Merrick Okamoto, Marathon’s chairman and chief government officer, defined that the agency is happy that it met the utmost necessities on the Hardin data-house in Montana.

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“We are happy to have efficiently accomplished the acquisition of all ASIC Miners required to completely make the most of our 100 MW information heart in Hardin MT,” Okamoto stated. We at the moment are trying ahead to our subsequent section of progress as we construct out our second information heart. The new facility shall be powered primarily by clear, renewable energy, which isn’t solely cost-effective, however may even permit us to decrease our carbon footprint.”

Okamoto additional added:

Currently, we consider the prices to function our second facility shall be much like the industry-leading charges we’ve got at our Hardin facility: $0.028 per kWh for energy and $0.006 per kWh for internet hosting operations.

Marathon Purchases 10,000 Bitcoin Miners, Machines Will Max Out 100 Megawatt Montana Facility An image of the Hardin Montana mining facility owned and operated by Marathon Patent Group. By September 2021 the operation is anticipated to have 33,560 ASIC bitcoin miners with 3.56 exahash per second of SHA256 hashrate. “As a consequence, the Company shall be consuming roughly 100 MWs of energy, the utmost quantity accessible on the Company’s information heart in Hardin, MT,” Marathon states.

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At present bitcoin costs, and if electrical prices are really round $0.028 per kWh on the Hardin facility, then any ASIC bitcoin miner with a hashrate between 80 to 100 terahash will seize over $8.50 or extra a day per unit. With the Bitcoin community’s present problem at 19.16T and current market costs per unit, Marathon’s Hardin facility with 3.56EH/s can ostensibly seize 14.5 BTC per day, utilizing at this time’s present estimates and figures for the common of 33,000+ 80TH/s machines.

Marathon has been making an attempt to seize a lion’s share of the hashrate derived from the Western aspect of the world, however the firm can be competing with prime operations equivalent to Hut8 and Riot Blockchain as effectively.

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Bitmain’s Antminer gross sales director of North, Central, and South America (NCSA), Irene Gao says that the corporate envisions additional cooperation with Marathon Patent Group. “We are happy to have offered Marathon with one other 10,000 of Bitmain’s newest technology of Antminer S-19j Pro mining {hardware},” Gao stated on Wednesday. “This alliance continues to be mutually helpful, and we look ahead to additional collaborating with Marathon and serving to them to take care of their management place within the Bitcoin mining {industry},” she added.

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Bitmain’s Su Ke, gross sales director of EMEA CIS Region of Antminer, revealed the launch of the brand new S19j and S19j Pro mining rigs on the Mining and Investment Summit on November 24. During the previous few months, establishments have been consuming up an amazing portion of the next-generation ASIC bitcoin miners, inflicting bitcoin miners to be involved about mining rig shortages.

What do you concentrate on Marathon maxing out the Montana bitcoin mining operation by buying 10,000 Antminer S-19j Pros? Let us know what you concentrate on this topic within the feedback part under.

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