Marathon to Invest $120 Million In 30,000 New Bitcoin Miners

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One of the largest bitcoin mining companies in North America, Marathon Digital Holdings, Inc., announced today it will purchase 30,000 additional Antminer S19J Pros for $120.7 million.

The new machines are expected to ship between January and June of next year, per a press release from Marathon. If deployed today, those ASICs would produce about 13.3 EH/s and represent about 12% of the network’s hash rate (as of August 1 the Bitcoin network represents 109 EH/s).

The new machines would further increase the scale of the Marathon mining operations by 30%, and are expected to bring the total number of bitcoin miners owned and operated by the firm to over 133,000.


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