Bitmain

Marathon’s Bitcoin Mining Fleet to Produce Approximately 1.4 EH/s by the End of March

Thursday, March 4, 2021 - 9:00pm

Marathon expects all 10,300 miners to be installed by the end of March, at which point the Companys mining fleet will consist of 12,920 miners generating approximately 1.4 EH/s.

Key Points: 
  • Marathon expects all 10,300 miners to be installed by the end of March, at which point the Companys mining fleet will consist of 12,920 miners generating approximately 1.4 EH/s.
  • Last month, we received the first of several major shipments scheduled to be delivered in 2021 from Bitmain, said Merrick Okamoto, Marathons chairman and CEO.
  • That delivery marked the genesis of what will be a transformative year for our business as wesignificantly increase the size of our mining fleet and expand our operations.
  • Future changes in the network-wide mining difficulty rate or Bitcoin hashrate may also materially affect the future performance of Marathon's production of Bitcoin.

Bitdeer Group Established by Jihan Wu Announces New Business Venture

Thursday, March 4, 2021 - 2:00pm

The Bitdeer Group has made official announcements regarding its upcoming business development roadmap with a smart mining service provider, among others.

Key Points: 
  • The Bitdeer Group has made official announcements regarding its upcoming business development roadmap with a smart mining service provider, among others.
  • BitDeer.com, the all-inclusive mining and cloud service platform, will officially be one of the companies under the Bitdeer Group, which is founded by Jihan Wu , the co-founder of Bitmain.
  • As the chairman of Bitdeer Group, Jihan Wu stated that the group is committed to providing digital asset mining services to global mining investors.
  • The Bitdeer Group includes the leading mining and cloud service platformBitDeer.com, as well as smart mining service provider Mining++.

BitFuFu Officially Endorsed by Bitmain as a Standardized Crypto Mining Platform

Monday, February 22, 2021 - 5:00pm

HONG KONG, Feb. 22, 2021 /PRNewswire/ -- BitFuFu , the world's first crypto mining standardization platform, has been selected by crypto mining giant Bitmain to standardize the industry.

Key Points: 
  • HONG KONG, Feb. 22, 2021 /PRNewswire/ -- BitFuFu , the world's first crypto mining standardization platform, has been selected by crypto mining giant Bitmain to standardize the industry.
  • BitFuFu, the first crypto mining standardization platform, officially announces a strategic partnership with Bitmain ,the largest crypto mining company.
  • Bitmain and BitFuFu will pool their resources to offer their worldwide clients standardized crypto mining services.
  • BitFuFu is the world's first platform to offer crypto mining services to users with standardized mining hashrates.

BitFuFu Officially Endorsed by Bitmain as Standardized Crypto Mining Platform

Monday, February 22, 2021 - 12:00pm

HONG KONG, Feb 22, 2021 - (ACN Newswire) - BitFuFu, the world's first crypto mining standardization platform, has been selected by crypto mining giant Bitmain to standardize the industry.

Key Points: 
  • HONG KONG, Feb 22, 2021 - (ACN Newswire) - BitFuFu, the world's first crypto mining standardization platform, has been selected by crypto mining giant Bitmain to standardize the industry.
  • BitFuFu, the first crypto mining standardization platform, officially announces a strategic partnership with Bitmain, the largest crypto mining company.
  • Bitmain and BitFuFu will pool their resources to offer their worldwide clients standardized crypto mining services.
  • BitFuFu is the world's first platform to offer crypto mining services to users with standardized mining hashrates.

Major North American Bitcoin Miner Blockcap to Double Hashing Power

Wednesday, February 17, 2021 - 6:00pm

In a large-scale deal for bitcoin mining machinery, leading North American blockchain technology company Blockcap, Inc. (Blockcap) announced today that it has acquired 10,000 additional Bitmain S19 miners.

Key Points: 
  • In a large-scale deal for bitcoin mining machinery, leading North American blockchain technology company Blockcap, Inc. (Blockcap) announced today that it has acquired 10,000 additional Bitmain S19 miners.
  • Blockcap, founded in 2020 by two veterans of Core Scientific, a large blockchain-hosting company, runs one of the largest mining operations in North America.
  • This will double Blockcaps current mining capacity and bring its hashing power to an estimated 1.9 EH/s.
  • The Company had approximately 1 Exahash of processing power by the end of fiscal 2020, giving Blockcap approximately 0.75% of the hashing power of the entire BTC global network at the time.

Bitmain Ships 4,000 Antminer S-19 Pro ASIC Miners to Marathon Patent Group

Monday, February 1, 2021 - 1:15pm

LAS VEGAS, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Marathon Patent Group, Inc. (NASDAQ: MARA ) ("Marathon" or "Company"), one of the largest enterprise Bitcoin self-mining companies in North America, today announced that 4,000 Antminer S-19 Pro ASIC miners have been shipped from Bitmain to Marathons mining facility in Hardin, MT as scheduled.

Key Points: 
  • LAS VEGAS, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Marathon Patent Group, Inc. (NASDAQ: MARA ) ("Marathon" or "Company"), one of the largest enterprise Bitcoin self-mining companies in North America, today announced that 4,000 Antminer S-19 Pro ASIC miners have been shipped from Bitmain to Marathons mining facility in Hardin, MT as scheduled.
  • To date, the Company has purchased 103,060 miners, which, once delivered and fully deployed, will produce approximately 10.36 EH/s (exahash per second).
  • Id like to thank our partners at Bitmain for their efforts to deliver the record number of miners we have purchased from them as scheduled.
  • The unique relationship we have developed with Bitmain allowed us to secure these miners at rates that were as favorable as possible for our business.

Ault Global Holdings to Resume Bitcoin Mining at Energy Efficient Facility With 1,000 S19 Pro Antminers From Bitmain

Monday, February 1, 2021 - 11:30am

The Company will resume bitcoin mining at the location through the acquisition of 1,000 new S19 Pro Antminers from Bitmain, Inc.

Key Points: 
  • The Company will resume bitcoin mining at the location through the acquisition of 1,000 new S19 Pro Antminers from Bitmain, Inc.
  • Securing a low-cost source of energy is a critical component in profitably mining cryptocurrencies.
  • Ault Global Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.
  • Ault Global Holdings headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.AultGlobal.com .

Marathon Patent Group Provides One-Year Grant to World-Renowned Bitcoin Core Developer Jonas Schnelli

Thursday, January 28, 2021 - 1:30pm

LAS VEGAS, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Marathon Patent Group, Inc. (NASDAQ: MARA ) ("Marathon" or "Company"), one of the largest enterprise Bitcoin self-mining companies in North America, today announced that it has provided a one-year grant to world-renowned bitcoin core developer Jonas Schnelli.

Key Points: 
  • LAS VEGAS, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Marathon Patent Group, Inc. (NASDAQ: MARA ) ("Marathon" or "Company"), one of the largest enterprise Bitcoin self-mining companies in North America, today announced that it has provided a one-year grant to world-renowned bitcoin core developer Jonas Schnelli.
  • Marathons grant follows Coinbases recent decision to help contribute to the development of Bitcoin Core byoffering grants to two developers: Joao Barbosa and an anonymous developer known only as 0xB10C.
  • However, in late 2020, Bitmain decided to stop providing its support, at which point Coinbase and Marathon Patent Group independently decided to step in and offer alternative sources of funding with their respective developer grants.
  • Absent core developers like Jonas, Bitcoins efficacy and long-term adoption, and therefore our business, could be impacted.

Marathon Patent Group Completes $200 Million Capital Raise, Ending the Year with $217.6 Million in Cash

Monday, January 4, 2021 - 11:45am

As a result, the Company ended the 2020 fiscal year with $217.6 million in cash and 74,656,549 shares outstanding.

Key Points: 
  • As a result, the Company ended the 2020 fiscal year with $217.6 million in cash and 74,656,549 shares outstanding.
  • Marathon intends to utilize the funds from this recent capital raise to pay for the miners it has purchased from Bitmain and to further grow the business.
  • To date, the Company has purchased 103,060 miners, which, once delivered and fully deployed, will produce approximately 10.36 EH/s.
  • Marathon is a digital asset technology company that mines cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets.

Marathon Patent Group Purchases 70,000 S-19 ASIC Miners from Bitmain for $170 Million

Monday, December 28, 2020 - 1:15pm

LAS VEGAS, Dec. 28, 2020 (GLOBE NEWSWIRE) -- Marathon Patent Group, Inc. (NASDAQ: MARA ) ("Marathon" or the "Company"), one of the largest enterprise Bitcoin self-mining companies in North America, has entered into a contract with Bitmain to purchase 70,000 Antminer S-19 ASIC miners.

Key Points: 
  • LAS VEGAS, Dec. 28, 2020 (GLOBE NEWSWIRE) -- Marathon Patent Group, Inc. (NASDAQ: MARA ) ("Marathon" or the "Company"), one of the largest enterprise Bitcoin self-mining companies in North America, has entered into a contract with Bitmain to purchase 70,000 Antminer S-19 ASIC miners.
  • Once all miners are fully deployed, the Companys mining fleet will consist of more than 103,000 miners capable of producing 10.36 EH/s.
  • This landscape changing purchase of these miners more than triples the size of Marathons existing fleet of 33,000 miners.
  • Antminer Sales Director of North, Central, and South America (NCSA) at Bitmain Irene Gao commented, "We are excited that Bitmain has won this record-breaking purchase contract from Marathon.