{"id":47087,"date":"2021-08-02T17:02:47","date_gmt":"2021-08-02T14:02:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=47087"},"modified":"2025-09-01T19:38:27","modified_gmt":"2025-09-01T16:38:27","slug":"marathon-buys-bitcoin-miners-from-bitmain-for-120-7-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/marathon-buys-bitcoin-miners-from-bitmain-for-120-7-million\/","title":{"rendered":"Marathon buys Bitcoin miners from Bitmain for $120.7 million"},"content":{"rendered":"<p>Nasdaq-listed mining company Marathon Digital Holdings has agreed to purchase 30,000 Antminer S19j Pro miners from Bitmain. The deal is valued at $120.7 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">&#8220;Increasing our percentage of the total network\u2019s hash rate increases our probability of earning <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> and given the uniquely favorable conditions in the current <a href=\"https:\/\/twitter.com\/hashtag\/mining?src=hash&#038;ref_src=twsrc%5Etfw\">#mining<\/a> environment, we believe it is an opportune time to add new miners &#8221; <a href=\"https:\/\/twitter.com\/fgthiel?ref_src=twsrc%5Etfw\">@fgthiel<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24MARA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MARA<\/a> <a href=\"https:\/\/t.co\/sJiG6sS1nW\">https:\/\/t.co\/sJiG6sS1nW<\/a><\/p>\n<p>\u2014 Marathon Digital Holdings (@MarathonDH) <a href=\"https:\/\/twitter.com\/MarathonDH\/status\/1422178902861131776?ref_src=twsrc%5Etfw\">August 2, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>In light of favourable mining conditions, we have concluded that the optimal time to expand our fleet has arrived. After deploying the new batch, we expect to become the world&#8217;s largest player<\/em>, said Fred Thiel, the company\u2019s CEO.<\/p>\n<\/blockquote>\n<p>Deliveries are expected from January through June 2022. Under the terms of the deal, Marathon Digital Holdings expects to boost its hash rate by 13.3 EH\/s. As of August 1, the company\u2019s hash rate stood at 109 EH\/s.<\/p>\n<p>In June Marathon Digital Holdings <a href=\"https:\/\/u1f987.com\/en\/news\/marathon-boosts-bitcoin-production-by-17-in-june\">mined 256.5 BTC<\/a>, up 17% from May.<\/p>\n<p>In July, Bitcoin mining difficulty <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-mining-difficulty-falls-by-almost-28\">decreased by a record 27.94%<\/a> \u2014 to 14.36 trillion hashes (T). Following the latest recalculation <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-mining-difficulty-rises-for-the-first-time-in-two-months\">the metric rose by 6.03%<\/a> \u2014 to 14.5 T.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nasdaq-listed Marathon Digital Holdings has agreed to buy 30,000 Antminer S19j Pro from Bitmain. The deal is worth $120.7 million.<\/p>\n","protected":false},"author":1,"featured_media":47088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,426,1137,1185,26],"class_list":["post-47087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-bitmain","tag-cryptocurrency-mining","tag-marathon-digital-holdings","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47087","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=47087"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47087\/revisions"}],"predecessor-version":[{"id":47089,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47087\/revisions\/47089"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/47088"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=47087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=47087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=47087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}