In the first quarter of 2021, the U.S. mining company Marathon Digital Holdings mined 196 BTC. The company’s total holdings in the first cryptocurrency reached 5,134.2 BTC, worth about $301 million.
In January Marathon allocated for the purchase of the first cryptocurrency $150 million from its reserves. The company purchased 4,813 BTC through the fund manager New York Digital Investment Group (NYDIG).
According to the press release, as of March 31 Marathon’s total liquid assets in fiat and bitcoin amounted to $513.9 million.
The company said that during the quarter it received about 10,300 Antminer S-19 Pro miners from Bitmain. It was unable to complete the installation of the new equipment by the end of the period, and as of March 31 its fleet consisted of 6,800 devices, generating a hash rate of approximately 0.71 EH/s.
Marathon expects that deliveries of all miners previously purchased from Bitmain will be completed by the end of the year. The company plans to commission them by 31 March 2022, bringing the number of operating devices to 103,120. Their total hash rate will be about 10.37 EH/s.
In September 2020 Marathon signed with Bitmain a contract for the purchase of 10,500 Antminer S19 Pro. In October the firm agreed with the manufacturer on delivery of another 10,000 units. At the end of the year the company signed a contract for 70,000 miners. The deal was worth $170 million.
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