Marathon Bought 78,000 Bitcoin Miners For $879 Million

Marathon Bought 78,000 Bitcoin Miners For $879 Million



Marathon Digital Holdings, a publicly-traded bitcoin mining firm, final week introduced a “document buy” of Bitmain ASIC rigs, which in keeping with a Tuesday submitting with the Securities and Alternate Fee (SEC) will value over $879 million and enhance the miner’s fleet by 78,000 machines.

Marathon had disclosed broad details about its buy last week when it introduced it had entered into an settlement with Bitmain to amass a document variety of bitcoin mining rigs. The corporate hadn’t disclosed what number of miners it had purchased or their worth on the time however particulars have now been shared in an SEC filing. The deal will add about 78,000 new Antminer S19 XP miners to Marathon’s fleet and value $879,060,000.

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