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Nasdaq-listed Marathon Patent Group is buying 10,000 of the more efficient Antminer S19 Pro bitcoin miners from Bitmain in a deal worth millions of dollars.<\/strong><\/p>\n ▪ Marathon said<\/a> the deal would boost the company\u2019s operations to 23,560 next-generation miners, \u201cmaking it the largest self-miner in North America\u201d.<\/p>\n ▪ When fully installed, the new machines will bring the firm\u2019s total hashrate to 2.56 exahash per second (EH\/s) \u2013 one of the world\u2019s top 15 bitcoin miners.<\/p>\n ▪ In August, Marathon bought<\/a> another 10,500 miners of the same make for $23 million. Bitmain will deliver all the miners in batches starting in January through June.<\/p>\n ▪ Marathon CEO Merrick Okamoto said the company\u2019s mining operations had continued to grow \u201cagainst the backdrop of recently increasing bitcoin prices.\u201d<\/p>\n ▪ The latest purchase comes just two weeks after Marathon, an $81.6 million-valued company, announced<\/a> a joint venture agreement that reduces its electricity costs for extracting bitcoin by 38%.<\/p>\n ▪ Shares of Marathon rose nearly 11% to $2.82 in pre-trading on Tuesday. Over the past 52 weeks, the stock touched a high of $5.25 and a low of $0.35.<\/p>\n What do you think about Marathon\u2019s ambitions? Let us know in the comments section below.<\/strong><\/em><\/p>\n The post Marathon Buys Additional 10,000 Antminers to Become Largest US Bitcoin Miner<\/a> appeared first on Bitcoin News<\/a>.<\/p>\n