Marathon That Injects $ 120m From Bitmain To Bitcoin Miners

In a press release, Marathon Digital Holdings confirmed a deal to buy a total of 30,000 bitcoin miners from Chinese manufacturer Bitmain worth about $ 121 million.

“… It signed a contract with Bitmain to buy 30 000 miners Antminer S19J PRO (100 thousand/s) for $ 120.7 million.”

On this occasion, Bitcoin bull Anthony Pompliano noted that with such an increase in mining, the world’s most powerful computer network will only strengthen over time.

The leading cryptocurrency has been under serious fire recently. But despite this, signs of improvement continue to emerge.

The latest hash rate data indicates that the network has been recovered. And again, flirting with BTC at the $ 40,000 price level, things are improving.

The marathon deal with Bitmain suggests something bigger is coming.

The Marathon Is Now Seen As The Perfect Time To Boost The Strength Of Karma
January June 2022-Marathon expects 30,000 newly acquired bitcoin miners to be in place between January 2022 and June 2022 Dec.Dec.

As Bitcoin became parabolic at the start of the year, bitmain reported overwhelming demand in August, leading to delays in product delivery. Browsing the Bitmain website still shows problems with order processing.

However, given the state of the marathon and the amount of orders, priority will be given to access to products.

October 30,000 for Bitcoin Miners, Total Marathon capacity will be 133,000 units and can provide information about 13.3 ECH/ s in full use. the company said the network’s total hash rate, which was 109 ECH/s on August 1, was 12%.

Fred Thiel, marathon’s chief executive, said current conditions now created an “appropriate time” to increase the strength of karma. He said the deal would strengthen marathon’s position as a world leader in bitcoin mining.

“Increasing the percentage of the total network hash rate increases our chances of winning bitcoin, and given the unique favorable conditions

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