{"id":28298,"date":"2020-09-07T15:45:57","date_gmt":"2020-09-07T12:45:57","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=28298"},"modified":"2025-08-27T10:59:08","modified_gmt":"2025-08-27T07:59:08","slug":"nasdaq-listed-marathon-patent-group-to-buy-bitmain-miners-for-23-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/nasdaq-listed-marathon-patent-group-to-buy-bitmain-miners-for-23-million\/","title":{"rendered":"Nasdaq-listed Marathon Patent Group to buy Bitmain miners for $23 million"},"content":{"rendered":"<p>The Nasdaq-listed mining company Marathon Patent Group has signed a long-term contract with Bitmain to purchase 10,500 Antminer S19 Pro units.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/BITMAINtech?ref_src=twsrc%5Etfw\">@BITMAINtech<\/a> Bitmain Continues Rapid Growth in North America: Signs $23 million <a href=\"https:\/\/twitter.com\/hashtag\/Antminer?src=hash&#038;ref_src=twsrc%5Etfw\">#Antminer<\/a> S19 Pro Contract with <a href=\"https:\/\/twitter.com\/MarathonPatent?ref_src=twsrc%5Etfw\">@MarathonPatent<\/a> <a href=\"https:\/\/t.co\/7Ij8cG6SsD\">https:\/\/t.co\/7Ij8cG6SsD<\/a> <a href=\"https:\/\/t.co\/oGHFFmD2uz\">pic.twitter.com\/oGHFFmD2uz<\/a><\/p>\n<p>\u2014 Antminer_main (@Antminer_main) <a href=\"https:\/\/twitter.com\/Antminer_main\/status\/1301738060481142784?ref_src=twsrc%5Etfw\">September 4, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Las Vegas-based company spent $23 million to purchase the flagship Antminer S19 Pro, according to Bitmain&#8217;s <a href=\"https:\/\/blog.bitmain.com\/en\/bitmain-signs-23-million-antminer-s19-pro-contract-with-marathon-patent-group\/\" target=\"_blank\" rel=\"noopener noreferrer\">press release<\/a>. Irene Gao, Antminer sales director for the NCSA region, noted that Bitmain\u2019s new-generation chip device will significantly increase Marathon\u2019s mining capacity.<\/p>\n<p>The American company aims to raise its total hash rate to 1.55 EH\/s.<\/p>\n<blockquote>\n<p>\u201cThe S19 Pro ASIC miner from Bitmain outperforms all other devices we are using,\u201d said Marathon Patent Group CEO Merrick Okamoto.<\/p>\n<\/blockquote>\n<p>Earlier, the head of the company <a href=\"https:\/\/u1f987.com\/en\/news\/bitmain-to-supply-us-listed-marathon-patent-group-with-asic-miners-for-23-million\">noted<\/a> that after the contract terms are fulfilled Marathon would become one of the largest mining companies in North America. With all deliveries, the firm would deploy 13,520 units of the latest generation.<\/p>\n<p>Last month, Riot Blockchain <a href=\"https:\/\/u1f987.com\/en\/news\/riot-blockchain-to-buy-bitmain-miners-for-17-7-million\">bought<\/a> 8,000 Antminer S19 Pro units from Bitmain for $17.7 million. The agreement provides for delivery of Bitcoin miners in batches of 2,000 units per month, starting in January 2021.<\/p>\n<p>Later, the parties <a href=\"https:\/\/u1f987.com\/en\/news\/riot-blockchain-to-buy-another-5100-bitcoin-miners-from-bitmain-for-11-2-million\">reached<\/a> an additional 5,100 units for $11.2 million with delivery planned for February 2021.<\/p>\n<p>Subscribe to ForkLog channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nasdaq-listed Marathon Patent Group has signed a long-term contract with Bitmain to purchase 10,500 Antminer S19 Pro units.<\/p>\n","protected":false},"author":1,"featured_media":28299,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[426,1137,1185],"class_list":["post-28298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitmain","tag-cryptocurrency-mining","tag-marathon-digital-holdings"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=28298"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28298\/revisions"}],"predecessor-version":[{"id":28300,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28298\/revisions\/28300"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/28299"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=28298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=28298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=28298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}