Auto Added by WPeMatico

Capturing Petahash: Marathon Obtains 3,300 Bitcoin Mining Rigs, Acquires Fastblock for $22 Million

The Nasdaq-listed cryptocurrency mining company, Marathon Patent Group, has announced it will be purchasing Fastblock Mining in an all stock transaction. The firm’s letter of intent revealed Marathon will acquire Fastblock for around $22 million. The company will obtain 3,304 ASIC bitcoin miners from the deal, which will give the business a total of 5,364 Miners and an added 208 petahash per second (PH/s). A few of the top publicly listed mining companies have been making significant moves in the U.S. in order to become the country’s largest bitcoin mining operation. During the middle of August news.Bitcoin.com reported on Marathon…

Continue Reading Capturing Petahash: Marathon Obtains 3,300 Bitcoin Mining Rigs, Acquires Fastblock for $22 Million

Nasdaq-Listed Firm Marathon Buys 10,500 Next-Gen Bitcoin Miners for $23M

One of the earliest Nasdaq-listed cryptocurrency mining companies, Marathon Patent Group, announced a new agreement contract with the ASIC mining manufacturer Bitmain. According to the public company, Marathon has agreed to purchase 10,500 next-generation Antminer S-19 Pro models for $23 million. Marathon Patent Group wants to be the largest bitcoin mine in the United States and its recent acquisition of thousands of next-generation mining rigs may help fortify that goal. On Friday, Marathon announced a long term agreement with Bitmain Technologies as it has agreed to purchase 10,500 new S-19 Antminers from the company. The latest S-19 Pro series claims…

Continue Reading Nasdaq-Listed Firm Marathon Buys 10,500 Next-Gen Bitcoin Miners for $23M

End of content

No more pages to load