- Marathon Digital Holdings (NASDAQ:MARA) +1.5% premarket, to purchase an additional 30,000 Antminer S19j Pro (100 TH/s) miners for $120.7M from Bitmain.
- Miners are expected to ship from Bitmain between January 2022 and June 2022.
- “Increasing our percentage of the total network’s hash rate increases our probability of earning bitcoin, and given the uniquely favorable conditions in the current mining environment, we believe it is an opportune time to add new miners to our operations,” said Fred Thiel, Marathon’s CEO. “With this new order, we are growing our operations by 30% to approximately 133,000 miners, producing 13.3 EH/s. As a result, once all miners are fully deployed, our mining operations will be among the largest, not just in North America, but globally. We’d like to thank the team at Bitmain for expediting this order as we work to further scale our operations and establish Marathon as one of the leading Bitcoin miners in North America.”