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Cryptocurrency Mining Company Marathon Hopes To Become One Of The Largest Mining Company In North America
Summary: Cryptocurrency mining company Marathon Patent Group has announced plans to purchase Fastblock Mining in an all stock transaction, according to a recent announcement. Marathon will acquire Fastblock for $22 million worth of stock. With Fastblock’s 3,304 ASIC miners, Marathon's mining power will increase by 208 petahash per second. Marathon is hoping to become one of the ...
Cryptocurrency mining company Marathon Patent Group has announced plans to purchase Fastblock Mining in an all stock transaction, according to a recent announcement.
Marathon will acquire Fastblock for $22 million worth of stock. With Fastblock’s 3,304 ASIC miners, Marathon's mining power will increase by 208 petahash per second.
Marathon is hoping to become one of the largest mining company in North America, according to Fastblock CEO Bernardo Schucman. Schucman will stay on as head of mining operations after the deal goes through, which should be by the end of September.
By Emily Mason
Tags: Cryptocurrency Mining,Marathon Patent Group
Link: Cryptocurrency Mining Company Marathon Hopes To Become One Of The Largest Mining Company In North America [Copy]
