Bitmain to supply US-listed Marathon Patent Group with ASIC miners for $23 million

American mining company Marathon Patent Group, listed on Nasdaq, entered into a long-term contract with Bitmain to purchase 10,500 Antminer S-19 Pro ASIC miners. The total value of the agreement is $23 million.

The Marathon CEO Merrick Okamoto noted that under the contract the equipment price is fixed and includes a “substantial discount” from the retail price.

According to him, after fulfilling the deal with Bitmain the company will be one of the largest, if not the largest, miners in North America. In total the firm could deploy 13,520 devices of the latest generation, generating a hashrate of 1,555 PH/s (about 1.2% of the network’s total hashrate at the time of publication).

The company noted that today, August 14, it received 1,360 units of the S-19 Pro under the previous contract. They plan to complete installation over the weekend. Together with the already operating 700 ASIC miners they will bring Marathon’s capacity to 184.6 PH/s.

Two more batches of 500 units of the S-19 Pro, previously purchased from Bitmain, are expected in September and November.

Earlier, Riot Blockchain, another American public mining company, in the second quarter bought 3,040 S-19 and S-19 Pro ASICs for $7 million. The firm expects that after deliveries are completed in October its hashrate will be approximately 566 PH/s.

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