Marathon Digital Holdings said it agreed to buy $120.7 million of bitcoin mining machines from Bitmain.

  • The contract is for 30,000 Antminer S19J Pro machines, the company said in a statement.
  • Shipment of the machines will occur in the first half of next year and will expand the company's mining production to over 133,000 bitcoin miners.
  • The miners would produce approximately 13.3 EH/s, representing around 12% of the bitcoin network's total hash rate of 109 EH/s as of Aug. 1, the company claimed.
  • Las Vegas-based Marathon is among the companies driving bitcoin mining investment in North America at a time when miners in China have been scaling back operations due to the crackdown on the industry from Beijing.
  • Marathon secured an agreement in May to have its newly purchased miners hosted at Compute North's 300-megawatt data center in Texas.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.