Evening
Marathon Digital, one of the leading bitcoin mining companies in North America, plans to buy Bitcoin mining hardware from Bitmain. The company intends to buy 30,000 Antminer S19j Pro at a cost of $120.7 million.
The new mining rigs will be delivered by June 2022, will take Marathon Digital's mining harward inventory to 133,000 giving it mining hash power of 13.3 exahashes per second (EH/s), putting company among top bitcoin two mining pools with hash power of 13.16 EH/s and 18.67 EH/s.
At the 13.3 EH/s, Marathon will control 12% of current Bitcoin network total hash rate. CEO of Marathon, described the benefits of new added hash power as:
Increasing our percentage of the total network’s hash rate increases our probability of earning Bitcoin, and given the uniquely favorable conditions in the current mining environment, we believe it is an opportune time to add new miners to our operations.
Bitcoin mining hash power has been on a steady rise post China's Bitcoin mining crackdown. as displaced Chinese miner resume their mining operations resume their operations at favorable locations like US, Canada and Kazakhstan. Marathon Marathon Digital seems to be spear heading Bitcoin mining activity across North America.
