Listed mining company Marathon Patent Group purchases another 70,000 Antminer S19s

According to Chain News, Nasdaq-listed crypto mining company Marathon Patent Group announced that it has signed a contract with Bitmain to purchase 70,000 Antminer S19 ASICs, more than twice the number of the company's current mining machines, for a price of approximately $170 million. Under the terms of the agreement, Marathon expects to receive the first batch of 7,000 S19 mining machines in July 2021 and the last batch in December 2021. Marathon said that after all mining machines are deployed, the company will have a total of 103,000 mining machines with a computing power of 10.36EH/s.