Marathon has ordered 78 thousand bitcoins…

Marathon has ordered 78 thousand bitcoins… post thumbnail image

The deal will total $879 million.

Bitcoin miner Marathon Digital Holdings signed an agreement to supply 78,000 mining machines from producer Bitmain. The equipment will cost the cryptominer $879.06 million.

  • As a result of the deal, the company’s hash rate is expected to increase to 23.3 exhash per second by early 2023. This is 7 times the current level, the company said.

  • Marathon Digital will acquire 78,000 units of the Antminer S-19 XP. This is the largest order in terms of hash rate (140 terahash per second) Bitmain has ever received for this model.

  • Mining equipment will be delivered in six lots of 13,000 monthly from July to December 2022.

  • By 2021, the number of Marathon bitcoins mined will reach 3,000 BTC, according to TheBlock calculations. This yield is several times higher than in 2020, when the company received 338 bitcoins.

  • NASDAQ Marathon Digital shares fell 3% premarket on the news.

Source: MarketWatch.

Recall that recently another big bitcoin miner, Canaan, transported 2 thousand mining rigs to Kazakhstan.

Read also: bitcoin miners earn 3 times more in 2021 than in 2020, TheBlock calculates.

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