Cryptocurrencies

Marathon buys many Antminers to become America’s biggest Bitcoin (BTC) miner – Cryptocurrencies

A silver Bitcoin cryptocurrency with United States and United Kingdom flag in the background

We presented the beast Antminer S-19 Pro to you in February 2020.

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Marathon Patent Group Inc has acquired a whole “herd” of them, which could allow it to rule over the Bitcoin hashrate (BTC) in the United States.

Globally, entering the top 15 for minors is already not so bad!

Marathon: the hashrate race

Marathon Patent Group Inc concluded with Bitmain an agreement for the purchase of 10,000 Antminer S-19 Pro ASIC Miners new generation.

Bitmain Antminer S-19 Pro ASIC Miners Marathon

Upon receipt of this order, the company would have 23,560 mining machines for a total hashrate of 2.56 pe / s.

The group will therefore soon join the top 15 bitcoin miners globally in terms of hashing power.

He had planned to redeem Fastblock Mining end of August 2020, to reduce mining costs by half.

As the negotiations subsequently failed, Marathon has allied with Beowulf Energy at the beginning of October 2020 for the operation of a mining data center at Bitcoin with a capacity of 105 megawatts – it is expected to generate a hashrate of 1,265 pe / s by the second half of 2021, with an option to expand to 3,320 pe / s.

This agreement should allow Marathon save 38% on electricity and data center management.

It should also make the company more resistant to a possible fall in the price. Bitcoin in the future.

Marathon has a sense of timing

The agreement for the acquisition of these new Antminer S-19 Pro ASIC Miners intervenes when Bitcoin started a bullish rally.

The BTC is trading over $ 15,000 at the time of writing.

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A spokesperson for the company commented on the impact of halving on the company’s business: “To stay competitive and be successful, volume is everything. As our unique relationship with Bitmain and our purchase of 23,560 mining machines to date, we are clearly able to grow despite the halving ”.

Bulls need to keep running to new ATHs to make the hashrate race that mining companies like Marathon have embarked on for a profit. The latter chose to get the Godzilla from the Bitcoin miners, to remain profitable after the halving. Riot Blockchain acquired 1,000 Antminer S19 Pro earlier this year. The hash war has only just begun.

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