Marathon Bought 78,000 Bitcoin Miners For $879 Million


Marathon Digital Holdings, a publicly-traded bitcoin mining company, last week announced a “record purchase” of Bitmain ASIC rigs, which according to a Tuesday filing with the Securities and Exchange Commission (SEC) will cost over $879 million and increase the miner’s fleet by 78,000 machines.

Marathon had disclosed broad information about its purchase last week when it announced it had entered into an agreement with Bitmain to acquire a record number of bitcoin mining rigs. The company hadn’t disclosed how many miners it had bought or their price at the time but details 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 cost $879,060,000.

Source: Bitcoin Magazine


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