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Marathon Purchased 78,000 Bitcoin Miners For $879 Million


Marathon Digital Holdings, a publicly-traded bitcoin mining firm, final week introduced a “file buy” of Bitmain ASIC rigs, which in line with a Tuesday submitting with the Securities and Alternate Fee (SEC) will value over $879 million and improve the miner’s fleet by 78,000 machines.

Marathon had disclosed broad details about its buy final week when it introduced it had entered into an settlement with Bitmain to amass a file variety of bitcoin mining rigs. The corporate hadn’t disclosed what number of miners it had purchased or their value on the time however particulars have now been shared in an SEC submitting. The deal will add about 78,000 new Antminer S19 XP miners to Marathon’s fleet and value $879,060,000.

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