On Monday, the publicly listed bitcoin mining agency Marathon Digital Holdings introduced that it bought 30,000 S19j Professional Antminers from Bitmain. In response to the corporate, as soon as the brand new lot of mining rigs are totally deployed, Marathon will acquire 13.3 exahash per second (EH/s) from the newly added machines.
Marathon Buys 30K Miners for $120 Million
On August 2, Marathon Digital Holdings, Inc. (Nasdaq:MARA) revealed the bitcoin mining firm has acquired 30,000 S19j Professional Antminers. Relying on the mannequin, S19j Professional processes SHA256 hashrate at round 100 to 104 terahash per second. A single S19j Professional machine utilizing right now’s BTC costs, present mining issue, and electrical energy at $0.12 per kilowatt-hour (kWh), can revenue by $29 per day. In response to the announcement, the machines price round $120.7 million for the complete lot.
Marathon says that it anticipates all 30,000 newly bought miners to be delivered between January 2022 and June 2022. This timeframe exhibits lead instances for newly produced mining rigs from right now’s prime producers will be fairly prolonged. Marathon says after the rigs are totally deployed it is going to get an added 13.3 EH/s and “greater than 133,000 bitcoin miners” underneath the corporate’s possession.
“If all of Marathon’s miners have been deployed right now,” the mining agency’s announcement particulars, “the corporate’s hashrate would symbolize roughly 12% of the Bitcoin community’s complete hashrate, which was roughly 109 EH/s as of August 1, 2021.”
Marathon CEO Thinks It’s the Good Time to Add New Miners to the Agency’s Fleet
Fred Thiel, Marathon’s CEO, emphasised throughout the announcement he thinks it’s the excellent time to buy mining rigs. “Rising our proportion of the full community’s hash fee will increase our chance of incomes bitcoin, and given the uniquely favorable circumstances within the present mining surroundings, we imagine it’s an opportune time so as to add new miners to our operations,” Thiel stated. Marathon’s CEO added:
“With this new order, we’re rising our operations by 30% to roughly 133,000 miners, producing 13.3 EH/s. Because of this, as soon as all miners are totally deployed, our mining operations can be among the many largest, not simply in North America, however globally.”
The variety of bitcoin miners in North America has been rising. Companies like Marathon, Riot, Hut8, Galaxy Digital, Hive Blockchain, Ankr, Argo Blockchain, Atnorth, Bit5ive LLC, Bitfarms, Bitfury, Bitquest, Compute North, Core Scientific, and extra have been buying a number of mining rigs during the last 12 months. Marathon settled a record-breaking mining rig acquisition in December 2020, when the agency bought 70,000 bitcoin miners from Bitmain.
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