marathon-brings-new-bitcoin-mining-rigs-online,-sees-itself-becoming-cash-flow-positive

Marathon Brings New Bitcoin Mining Rigs Online, Sees Itself Becoming Cash-Flow Positive

Nasdaq-listed cryptocurrency mining company Marathon Patent Group got and deployed two shipments of unique mining machines, which increased the company’s hashrate by 130 petahash per second to 186 petahash per second.

  • In accordance with an announcement Monday, the company got 700 WhatsMiner M31S+ Miners from MicroBT and 600 S19 Pro Antminers from Bitmain.
  • 1,000 extra S19 Pro Antminers are anticipated to come between September and December this year leading to an anticipated extra hashrate lengthen of 153.4 petahash per second.
  • “We think that the increased hashrate manufacturing will imply the company will change into cash-drift certain on a lunge forward basis for the first time since we embarked on this pivot to alter correct into a bitcoin mining company,” acknowledged CEO Merrick Okamoto.
  • Marathon shares, that enjoy been already down about 50% from their yearly high build earlier in August, are down 10% from their Monday initiating, buying and selling round $2.52 at final compare.

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