Bitmain received a large order for mining machines! Mining concept rammed, Riot soared 1,297% YoY | TechNews Technology News



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Bitcoin raced further over the Christmas weekend, breaking the $ 28,000 mark for the first time on the 27th, setting a record, which in turn encouraged shares of the US Bitcoin mining concept to surge. .

According to the CoinDesk listing, Bitcoin surpassed $ 28,000 around 7 p.m. Taipei time on the 27th, climbing to an all-time high of $ 28,352.63, and fell back to $ 26,731.41 around 8:59 on the 29th. Bitcoin has exploded by more than 270% since the beginning of the year.

Bitcoin shares that recently announced that they will expand mining capacity have risen. Riot Blockchain rose 19.28% on the 28th to close at $ 15.65, an all-time high since February 15, 2018; it has risen 1,297.32% so far in the beginning of the year and has shot up 85.21% since December. Marathon Patent Group rose 12.28% to close at $ 12.25; it has risen 1,289.83% so far this year and has shot up 95.06% since December.

Marathon issued a press release on the 28th to announce that it has signed a contract with Bitmain to purchase 70,000 S-19 ant mining machines with embedded ASIC chips.

Under the agreement between the two parties, Marathon will receive the first batch of mining machines in July 2021, and the last batch of mining machines will be shipped in December 2021. After all the mining machines are installed, the total number of Marathon mining machines It will exceed 103,000 and the hash rate can reach 10.36EH / s, which is more than 3 times the current total of 33,000 Marathon mining machines.

Merrick Okamoto, President and CEO of Marathon, said this is the largest single order received by Bitmain S-19 Antminer.

On the other hand, Riot Blockchain also issued a press release on the 21st to announce that it will spend USD 35 million to buy 3,000 S19 Pro Antminers (110 TH) and 12,000 S19j Pro Antminers (100 TH) from Bitmain, which is expected to be 2021. Arrival between May 2010 and October 2021.

Newly arrived mining machines and existing production capacity may increase the Riot Blockchain’s Bitcoin hash power from 2.3EH / s to 3.8EH / s, which is expected to consume 120MW of power.

(This article is reprinted with permission from MoneyDJ News; the source of the first image: Bitmain)





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