Marathon to Invest $120 Million In 30,000 New Bitcoin Miners

Bitcoin Magazine

One of the largest bitcoin mining companies in North America, Marathon Digital Holdings, Inc., announced today it will purchase 30,000 additional Antminer S19J Pros for $120.7 million.

The new machines are expected to ship between January and June of next year, per a press release from Marathon. If deployed today, those ASICs would produce about 13.3 EH/s and represent about 12% of the network’s hash rate (as of August 1 the Bitcoin network represents 109 EH/s).

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The new machines would further increase the scale of the Marathon mining operations by 30%, and are expected to bring the total number of bitcoin miners owned and operated by the firm to over 133,000.

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