Investorideas.com

Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS




Share on StockTwits

Cryptocurrency Stock News Bites: Marathon Patent Group (NASDAQ: $MARA) Announces Installation Of 1,360 Next Generation Miners, Increases Hashrate 130/ph Or 230%

Company Now Has 2,060 Miners In Operation Producing 186/ph And Owns 18,760 Miners That Will Produce 1.5 Exahash When All Miners Are Delivered And Deployed

 

August 25, 2020 (Investorideas.com Newswire) Blockchain Stock News Bites: Marathon Patent Group, Inc. (NASDAQ:MARA) ("Marathon" or "Company") announced that it received 700 WhatsMiner M31S+ Miners from MicroBT and 600 S19 Pro Antminers from Bitmain. All 1,360 have been deployed at the Company’s Hosting facility with Compute North, and the new installations have increased the Company’s Hashrate by 130/Ph to 186/Ph.

Between May 19, 2020 and June 11, 2020, the Company announced the purchase of 1,000 additional S19 Pro Antminers. 500 of these units are scheduled to arrive in September and another 500 in December of this year. When received and deployed, these 1,000 S-19 Pro Miners will add an additional 110/Ph to the Company's production (from the 500 installed as a result of the September delivery) and December which will add an additional 153.4/Ph to the Company's production (from the 500 installed as a result of the December delivery), thus increasing total production to 296/Ph before year's end.

The Company expects to receive the first S19 Pro Antminers from the recently announced 10,500 Unit Long Term Purchase Agreement with Bitmain, beginning in January 2021 with final deliveries expected in June 2021. The addition of these 10,500 Miners will increase the Company's Hashrate production by 1,155/Ph. When all Miners are installed, the Company's total estimated aggregate Hashrate Production will approach approximately 1.5 Exahash.

Read the company's full news and disclaimer here:

https://www.marathonpg.com/news/press-releases/detail/1207/marathon-patent-group-announces-installation-of-1360-next

Research more bitcoin, crypto and blockchain stocks with Investorideas.com stock directory

https://www.investorideas.com/Bitcoin-Cryptocurrency/Stocks_List.asp

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea's original branded content includes the following podcasts and columns: Crypto Corner, Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change, Exploring Mining the AI Eye.

Stock Bites is a branded product of Investorideas.com

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. This stock bites news release publication is available as a paid for service on Investorideas.com https://www.investorideas.com/News-Upload/

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Download our Mobile App for iPhone and Android

Get free investor news alerts

https://www.investorideas.com/Resources/Newsletter.asp

Contact Investorideas.com

800 665 0411


News and Research for Bitcoin, Blockchain, Digital Currency Stocks and ICO's

Get more Bitcoin, Blockchain, Digital Currency stock investor ideas - news, articles, podcasts and stock directories

Buy a crypto guest post on Investorideas.com