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Marathon Patent Group Signed A $170 Million Order With Bitmain To Buy 70,000 ASIC Miners

Summary: Marathon Patent Group (MARA), one of the largest Bitcoin mining companies in North America, announced that it has signed a contract with Bitmain to purchase 70,000 Antminer S19 ASIC miners at a price of $170 million. The first 7,000 units are expected to arrive in July 2021, and the handover will be completed in December ...

Marathon Patent Group (MARA), one of the largest Bitcoin mining companies in North America, announced that it has signed a contract with Bitmain to purchase 70,000 Antminer S19 ASIC miners at a price of $170 million. The first 7,000 units are expected to arrive in July 2021, and the handover will be completed in December 2021.

Merrick Okamoto, Chairman and CEO of MARA, said: "This purchase is the largest order in dollar terms as well as the single largest order for S-19 ASIC miners that Bitmain has ever received."

By Mary Liu

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