A $23 million agreement for Bitmain

The Chinese company Bitmain has announced that it has signed a million-dollar contract with the Marathon Patent Group, a mining company listed on the Nasdaq, to which thousands of new Antminer S19 Pro devices will be supplied. @BITMAINtech Bitmain Continues Rapid Growth in North America: Signs $23 million #Antminer S19 Pro Contract with @MarathonPatent https://t.co/7Ij8cG6SsD

The Chinese business Bitmain has actually revealed that it has actually authorized a million-dollar agreement with the Marathon Patent Group, a mining business noted on the Nasdaq, to which countless brand-new Antminer S19 Pro tools will certainly be provided.

With this arrangement, the firm will certainly have the ability to get in the industry with a long-lasting vision, thinking about that this is a $23 million financial investment focused on purchasing 10,500 Antminer S19 Pro tools.

This Antminer is Bitmain’s front runner, as well as the agreement will certainly cross a number of years.

The sales supervisor of Bitmain for the NCSA areas, Irene Gao, explained exactly how Bitmain’s collaborations are expanding as well as this is simply the current one:

” We are delighted to shut this offer which significantly broadens our partnership with Marathon. Powered by a brand-new generation customized chip from Bitmain, Antminer S19 Pro includes industry-leading efficiency as well as power effectiveness, which our company believe will substantially improve Marathon’s mining capability. When completely released, these Miners will certainly generate a brand-new age of Bitcoin mining, as well as we can not wait to see Marathon release their market possibility with this added capability”.

The CEO of Marathon Patent Group, Merrick Okamoto, discussed that with these brand-new items they will certainly accomplish a manufacturing capability of approximately 1.55 Exahash:

” Bitmain’s S19 Pro ASIC Miner outshines all various other Miners we have actually released by creating as well as power effectiveness of 29.5 ± joules per terahash (J/TH.) Upon shipment and also complete installment, Marathon’s mining procedure will certainly generate as much as 1.55 Exahash”.

Another million buck agreement for Bitmain

This is definitely not the very first contract Bitmain has actually made, thinking about that they are the worldwide leader in mining

Only 2 weeks ago Bitmain shut a bargain for 8,000 brand-new Antminer S19 Pro tools for around $15 million with Riot Blockchain, which reveals that sales and also mining are expanding highly.



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