On December 9, the Nasdaq-listed cryptocurrency mining firm, Marathon Patent Group, introduced the agency is buying 10,000 Antminer S-19j Professional items from the Chinese language mining producer Bitmain. In accordance with Marathon, after the acquisition of next-generation bitcoin miners, the corporate may have an combination whole of 33,560 ASIC miners with as much as 3.56 exahash (EH/s) of hashpower.
Marathon Patent Group, Inc. (NASDAQ:MARA) has partnered with Bitmain as soon as once more to buy one other 10,000 application-specific built-in circuit (ASIC) bitcoin miners. Along with the current buy, Marathon has famous additionally it is increasing operations and is at present working with the power producer Beowulf Power.
Marathon particulars that with Beowulf Power’s assist, it plans to open a brand new “renewable energy-powered knowledge heart within the northeastern United States.” In accordance with the announcement, Beowulf plans to provide Marathon with a 100 (MW) megawatts of power and the power to improve to 250MW.
Marathon says that 6,000 S-19j Professional miners shall be shipped in August 2021 and the latter 4,000 shall be delivered to the agency’s Montana facility. After Bitmain completes the deal, Marathon’s Hardin Montana knowledge home shall be maxed out with a consumption stage of 100MW.
The corporate says the Massive Horn County bitcoin mining facility will host a complete of 33,560 ASIC bitcoin miners with 3.56 exahash per second of SHA256 hashrate. Merrick Okamoto, Marathon’s chairman and chief government officer, defined that the agency is happy that it met the utmost necessities on the Hardin data-house in Montana.
“We’re happy to have efficiently accomplished the acquisition of all ASIC Miners required to totally make the most of our 100 MW knowledge heart in Hardin MT,” Okamoto stated. We are actually wanting ahead to our subsequent part of development as we construct out our second knowledge heart. The brand new facility shall be powered primarily by clear, renewable energy, which isn’t solely cost-effective, however may even permit us to decrease our carbon footprint.”
Okamoto additional added:
At the moment, we consider the prices to function our second facility shall be much like the industry-leading charges we have now at our Hardin facility: $0.028 per kWh for energy and $0.006 per kWh for internet hosting operations.
At present bitcoin costs, and if electrical prices are actually round $0.028 per kWh on the Hardin facility, then any ASIC bitcoin miner with a hashrate between 80 to 100 terahash will seize over $8.50 or extra a day per unit. With the Bitcoin community’s present problem at 19.16T and current market costs per unit, Marathon’s Hardin facility with 3.56EH/s can ostensibly seize 14.5 BTC per day, utilizing right now’s present estimates and figures for the common of 33,000+ 80TH/s machines.
Marathon has been making an attempt to seize a lion’s share of the hashrate derived from the Western aspect of the world, however the firm can be competing with prime operations equivalent to Hut8 and Riot Blockchain as effectively.
Bitmain’s Antminer gross sales director of North, Central, and South America (NCSA), Irene Gao says that the corporate envisions additional cooperation with Marathon Patent Group. “We’re happy to have offered Marathon with one other 10,000 of Bitmain’s newest technology of Antminer S-19j Professional mining {hardware},” Gao stated on Wednesday. “This alliance continues to be mutually helpful, and we look ahead to additional collaborating with Marathon and serving to them to keep up their management place within the Bitcoin mining {industry},” she added.
Bitmain’s Su Ke, gross sales director of EMEA CIS Area of Antminer, revealed the launch of the brand new S19j and S19j Professional mining rigs on the Mining and Funding Summit on November 24. Throughout the previous couple of months, establishments have been consuming up a terrific portion of the next-generation ASIC bitcoin miners, inflicting bitcoin miners to be involved about mining rig shortages.
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Picture Credit: Shutterstock, Pixabay, Wiki Commons, Marathon Hardin MT Facility, Bitmain,
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