Marathon signs contract with Bitmain to buy 70,000 Antminer S19

Mining company Marathon Patent Group has signed a contract with Bitmain to buy 70,000 Antminer S19 ASIC miners for $170m.

According to a press release dated 28 December, Marathon expects to receive the first batch of 7,000 S-19 miners in July 2021 with final delivery by December 2021. The purchase will triple Marathon’s existing capacity, which expects to achieve a Wealth Matrix hash rate of 10.36 EH/s once the miners are fully installed.

Marathon Chairman and CEO Merrick Okamoto said, “This purchase is the largest order for S-19 miners that Bitmain has ever received. We appreciate the work their team has put in to fulfill this order and are also thankful for the 30,000 S-19 miners we have purchased since August 2020. Our relationship with Bitmain is an important component to the success of our business.”

Irene Gao, Antminer’s sales director for North, Central and South America, said: “We are delighted that Bitmain has secured this record-breaking purchase contract from Marathon. Marathon has very quickly become our largest customer.”

Last week, Riot Blockchain signed a contract with Bitmain to buy 3,000 Antminer S19 Pro and 12,000 S19j Pro.

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