BusinessBitcoin

Marathon Digital Holdings Purchases 30,000 Additional Bitcoin Miners

North American bitcoin mining firm Marathon Digital Holdings is growing its fleet with 30,000 new miners.

The firm announced the purchase on Monday in a press release. The Antminer S19j Pro miners come at a price point of $120.7 million and are expected for delivery between January and June 2022. Once fully delivered and deployed, the rigs will expand Marathon's mining arsenal to 133,000 machines which will be able to mine at a hash rate of over 13.3 exahashes per second (EH/s).

Marathon has become one of the most prominent bitcoin mining firms in North America and is now clearly looking to lead the hash rate migration away from China. If its latest miners were deployed today, it would account for around 12% of Bitcoin's global hash rate.

The company only recently regained the favor of many bitcoiners when it stepped back from its previous "OFAC (Office of Foreign Assets Control)-compliant" branding; the move to comply with regulatory standards had raised concerns over transaction censorship, a move that would likely not play out well for a profit-oriented mining firm.

"Marathon is committed to the core tenets of the Bitcoin community, including decentralization, inclusion, and no censorship," Marathon CEO Fred Thiel said at the time, expressing his support for Bitcoin's latest protocol upgrade Taproot.

At press time, Marathon's shares (MARA) are trading at $27.63.

author avatar image

written by

Thomas is a journalist at the BTC Times. He enjoys writing about Bitcoin, learning about Bitcoin, and HODLing bitcoin.