Marathon Patent Group, Inc. (NASDAQ: MARA) revealed today that it has signed a contract for the additional 10,000 purchase of next-generation Antminer S-19 Pro ASIC Miners with Bitmain. The company revealed that the delivery of these new 10,000 S-19 Pro miners is expected to begin in January 2021 and the delivery will be ended by March 2021.
The delivery of these additional 10,000 miners faster than the previous order for 10,500 miners. Previous, 10,500 miners will be scheduled to deliver between January and June 2021. The additional 10,000 will be established three months earlier than the last purchase. Marathon Patent Group said that its bitcoin mining revenue will soon rise significantly beyond expectations.
Each miner helps the company in producing 110 TH/s (Terahash) increasing 1.10 EH/s (Exahash) to the current operation of 2,560 miners of the company. Marathon Patent Group revealed that the delivery of 500 additional S-19 Pro Miners will be scheduled to take place in November 2020 at Marathon’s Hardin MT facility.
The company has provided the details of further deliveries it is going to receive in the coming months. It is scheduled to receive 4, 000 S-19 Pro miners in January, 6300 in February, 4,800 in March, 1,800 in April, 1,800 in May, and finally 1,800 in June.
Marathon Patent Group, Inc. (NASDAQ: MARA) shares were trading up 2.88% at $2.82 at the time of writing on Monday. Marathon Patent Group, Inc. (NASDAQ: MARA) share price went from a low point around $0.35 to briefly over $5.25 in the past 52 weeks. It has traded up 700.37% from its 52-weeks low and moved down -46.31% from its 52-weeks low. MARA market cap has remained high, hitting $96.39 million at the time of writing.
Marathon Patent Group, CEO, Merrick Okamoto said that the company has continued the growth of its current bitcoin mining operations in the environment when bitcoin prices are increasing. The company will become the largest self-miner in North-America after receiving all the orders of miners.