{"id":55164,"date":"2021-12-24T11:21:22","date_gmt":"2021-12-24T09:21:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=55164"},"modified":"2025-09-04T00:00:04","modified_gmt":"2025-09-03T21:00:04","slug":"marathon-to-lift-hash-rate-by-more-than-600-after-a-record-purchase-of-miners-from-bitmain","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/marathon-to-lift-hash-rate-by-more-than-600-after-a-record-purchase-of-miners-from-bitmain\/","title":{"rendered":"Marathon to lift hash rate by more than 600% after a record purchase of miners from Bitmain"},"content":{"rendered":"<p>American mining company Marathon Digital Holdings has signed a contract with Bitmain to buy a &#8216;record number&#8217; of Bitcoin miners Antminer S19XP.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">By early 2023, <a href=\"https:\/\/twitter.com\/search?q=%24MARA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MARA<\/a>&#8216;s mining fleet will consist of c. 199,000 <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a> miners producing c. 23.3 EH\/s.<\/p>\n<p>Upgrades to mining fleet come after a record purchase of S19 XPs from <a href=\"https:\/\/twitter.com\/BITMAINtech?ref_src=twsrc%5Etfw\">@BITMAINtech<\/a><a href=\"https:\/\/t.co\/ggx3DrKkdP\">https:\/\/t.co\/ggx3DrKkdP<\/a><\/p>\n<p>\u2014 MARA (@MARA) <a href=\"https:\/\/twitter.com\/MARA\/status\/1474093801761214485?ref_src=twsrc%5Etfw\">December 23, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<div class=\"wp-block-text-wrappers-update article_update\"><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>The company disclosed the purchase price \u2014 $879.06 million. The quantity of equipment to be delivered will total 78,000 units of Antminer S19XP.<\/p>\n<\/div>\n<p>According to the delivery schedule, the ordered units will be shipped by the manufacturer from July to December 2022.<\/p>\n<p>In connection with the purchase, Marathon will upgrade part of its fleet. The company expects that after deploying the new miners the fleet will comprise about 199,000 Bitcoin miners with a total hash rate of around 23.3 EH\/s.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis growth represents an increase of more than 600% over current capacity and 75% of our previous forecast \u2014 13.3 EH\/s by mid-2022,\u201d said Marathon CEO Fred Thiel.<\/p>\n<\/blockquote>\n<p>According to him, the company&#8217;s business model allows investing in equipment rather than in infrastructure, which enabled the large order.<\/p>\n<p>Bitmain noted that Marathon \u201cremains one of its most important clients.\u201d<\/p>\n<p>Earlier the mining company expanded its agreement with infrastructure provider Compute North to <a href=\"https:\/\/u1f987.com\/en\/news\/marathon-to-host-more-than-100000-bitcoin-miners-at-compute-north-facilities\">deploy more than 100,000 installations<\/a> for Bitcoin mining.<\/p>\n<p>As reported in Q3, Marathon <a href=\"https:\/\/u1f987.com\/en\/news\/marathon-boosts-bitcoin-production-by-91-in-q3\">mined 1,254.4 BTC<\/a> (~$64 million at the time of writing). This was 91% higher than the previous period.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>American mining company Marathon Digital Holdings has signed a contract with Bitmain to buy a &#8216;record number&#8217; of Bitcoin miners Antminer S19XP.<\/p>\n","protected":false},"author":1,"featured_media":55165,"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":[426,1137,1185],"class_list":["post-55164","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":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55164","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=55164"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55164\/revisions"}],"predecessor-version":[{"id":55166,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55164\/revisions\/55166"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/55165"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=55164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=55164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=55164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}