American mining company Marathon Digital Holdings has signed a contract with Bitmain to purchase a “record number” of Antminer S19XP bitcoin miners.
In connection with the purchase, Marathon will renew some of the equipment. The company expects that after the deployment of new miners, the park will be approximately 199,000 bitcoin miners with a cumulative hash rate of about 23.3 EH / s.
“This growth represents an increase of more than 600% from current capacity and 75% from our previous forecast of 13.3 EH / s by mid-2022,” said Marathon CEO Fred Thiel.
According to him, the company’s business model allows investing in equipment rather than infrastructure, which made it possible to place a large order.
Bitmain noted that Marathon “remains one of our most important customers.”
Earlier, the mining company expanded its agreement with infrastructure provider Compute North to accommodate over 100,000 Bitcoin mining rigs.
Recall that according to the results of the third quarter, Marathon mined 1254.4 BTC (~ $ 64 million at the time of writing). This is 91% higher than in the previous period.
