Marathon buys 30,000 more Bitcoin miners, targets 13.3 EH/s hashing power
Marathon buys xxx,000 more Bitcoin miners, targets thirteen.3 EH/s hashing ability
The company's bid to become the largest Bitcoin miner in the United States could be achieved by 2022.
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Marathon Digital has announced the purchase of boosted Bitcoin mining hardware from Bitmain.
According to a release issued on Mon, the Usa-based Bitcoin (BTC) mining giant has completed a purchase deal for 30,000 Antminer S19j Pro at a reported price of $120.7 million.
The news marks a connected increase of Marathon's Bitcoin mining inventory, with Bitmain expected to consummate the delivery of the new rigs past June 2022.
With the thirty,000 rigs in tow, Marathon'southward full Bitcoin miner count will go northward of 133,000, delivering an estimated hash rate of 13.3 exahashes per 2d (EH/s).
To put the figure into perspective, data from BTC.com puts the acme three BTC mining pools at betwixt 13.16 EH/south and 18.67 EH/s.
At thirteen.iii EH/s per second, Marathon will effectively command over 12% of the current Bitcoin mining hash charge per unit.
Fred Thiel, CEO of Marathon, alluded to the benefits of such a commanding presence in the global hash charge per unit distribution with the announcement quoting him maxim:
"Increasing our percent of the total network's hash rate increases our probability of earning Bitcoin, and given the uniquely favorable weather condition in the electric current mining environment, we believe information technology is an opportune time to add together new miners to our operations."
Related: Four North American Bitcoin miners that could benefit from the East-West shift
China'south Bitcoin mining crackdown has upended the global hash rate distribution, with North American participants expected to command a larger portion of the manufacture. Even before Beijing'southward actions confronting crypto mining, American and Canadian mining giants upscaled their chapters with new inventory from the 2 major Bitcoin makers — Bitmain and MicroBT.
The East-to-Westward hash rate migration may also serve to ameliorate the carbon footprint associated with Bitcoin mining. Marathon is among a growing list of U.S. miners reportedly committed to "green mining."
Meanwhile, Chinese miners have reportedly begun to prepare upwards shop in Kazakhstan, with the immediate touch being an increase in the Bitcoin mining hash rate.
Source: https://cointelegraph.com/news/marathon-buys-30-000-more-bitcoin-miners-targets-13-3-eh-s-hashing-power
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