Marathon continues to grow its total hashrate to over 10.36 EH/s expanding total fleet to 103,000 next-gen Bitmain Antminers
Hong Kong, Dec. 28,
2020 – Bitmain – the world’s leading producer of cryptocurrency mining hardware
today signed a new purchase contract with Marathon Patent Group, Inc.
(“Marathon”), one of the largest Bitcoin
self-mining companies in North America, for 70,000 Antminer S19 series ASIC
miners. The first batch of 7,000 S19 miners are planned to arrive in July
2021, and the rest will be shipped by December 2021.
The $170 million new purchase will more than
triple the size of Marathon’s existing fleet of 33,000 miners. After full
delivery and deployment of the order, combined with the company’s prior miner purchase, Marathon is expected to remarkably increase its
mining hash rate to 10.36 EH/s, with 103,000 Antminer S19 Series miners in
total.
“We are excited that Bitmain has won this
record-breaking purchase contract from Marathon and has been part of its
impressive growth this year. The new deal of 70,000 Antminer S19 Series with Marathon
convincingly demonstrates our S19’s powerful role in bringing best-in-class
mining efficiency to our customers. We are extremely pleased that Marathon continues
to grow their mining presence, and our partnership continues to mutually
benefit both of our companies.” Said
Irene Gao, Antminer Sales Director of North, Central, and South America (NCSA)
at Bitmain.
Marathon’s chairman
and chief executive officer, Merrick Okamoto, stated, “This purchase is the
largest order in dollar terms as well as the single largest order for Antminer S19
ASIC miners that Bitmain has ever received. We appreciate the hard work their
team is putting in to fulfil this order as well as the 30,000 S19 miners we
have purchased since August 2020. Our relationship with Bitmain is an important
component of our potential for future success, and we look forward to
continuing working with them to scale our business.”
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Bitmain – the world’s leading producer of cryptocurrency mining hardware announces that it has signed another purchase contract with Marathon Patent Group, Inc. (“Marathon”), the largest Bitcoin Self-Mining companies in North America for the purchase of an additional 10,000 next-generation Antminer S19 Pro Miners. With the purchase of 10,500 S19 pro miners in August and other deals earlier in the year, Marathon has by far bought a total of 22,660 Bitmain S19 pro miners this year.
500 S19 Pro Miners will be delivered to Marathon in November this year and beginning in 2021, thousands of S19 pro Miners will be shipped and deployed every month up until June. Marathon is looking at a total hash rate of 2.57 EH/s once all these 22,660 Antminers are in place.
“This collaboration continues to
strengthen our cooperation and will extend to future work together as Marathon
expands its presence. It is also another strong endorsement for Bitmain’s
next-generation S19 Pro Antminers, which houses the most advanced chipset and
impressive power efficiency of 29.5±%5 J/TH. We are glad to close another
significant deal in North America and keen to enable more customers to boost
mining capacity with an efficient approach.” said Irene Gao, Antminer Sales
Director of NCSA Region, Bitmain.
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The year 2020 has seen strong turbulence in global markets and industries. In such a time of uncertainty, Bitmain continues to deepen its strengths with industry-leading chip R&D advantage, launch superior products that reset the industry standards. Meanwhile, through its leading experience and expertise, Bitmain keeps on completing its business ecosystem deployment centered on “hash rate” by launching new businesses and services in the hope to drive the development and upgrade of the entire market.
New Product to
Drive Industry Standards: Breaking Record Highs Again with the Antminer 19
Series
Antminer 19 Series (Antminer S19 Pro, S19, T19)
In the past
few months, Bitmain has once again proved its strong R&D capability through
the launch of its record-breaking Antminer 19 Series, which delivers an
impressive performance in the global market.
Antminer
S19 Pro, S19
On 27 February, Bitmain officially announced the Antminer S19 and S19 Pro. Equipped
with a custom-built 7nm chip from Bitmain and enhanced circuit architecture,
the Antminer S19 series reset the industry standards with record-breaking power
efficiency. The Antminer S19 Pro features a hash rate of 110 TH/s, and an
impressive power efficiency of 29.5±%5 J/TH. The Antminer S19 is equipped with
a hash rate of 95 TH/s, and power efficiency of 34.5±%5 J/TH. S19 Pro and S19
strongly proved Bitmain’s outstanding innovation capability and position as a
leader in the market.
Antminer
T19
On June 1st, Bitmain launched the Antminer T19, which is housed with the same generation of custom-built chips found in the Antminer S19 and S19 Pro. Utilizing the new APW12 power supply and upgraded firmware, the T19 offers faster start-up speeds for an optimized mining experience. The T19 is equipped with a hash rate of 84 TH/s ± 3% and has a power efficiency of 37.5 J/TH ± 5%. Comparing with the previous Antminer T17, the T19 greatly improves performance, allowing miners to achieve better efficiency and earnings.
Antminer Z15
Antminer Z15
On May 7th, Bitmain launched the Antminer Z15, featuring a hash rate of 420 KSol/s, and 1510 W power consumption. This is the 3rd generation of Bitmain’s Equihash algorithm miner, which is used for mining ZEC (Zcash) and other cryptocurrencies under Equihash mining. Antminer Z11 was the model with the highest hash rate in the market before Z15, which has made significant improvement on both hash rate and power efficiency.
New Deals to
Support Growth Globally: Avoid Potential Shortage through Long-Term Deals
In the past few months, Bitmain has announced multiple purchase deals of
millions of USD. Through these long-term deals, Bitmain has built strategic
relations with customers while ensuring a stable supply cycle.
On June 27th, the leading blockchain hosting provider Core Scientific announced that it has again partnered with Bitmain to facilitate the purchase of 17,595 units of the Antminer 19 Series. Before that, Core Scientific cooperated with Bitmain to bring the very first Antminer Training Academy to North America last year.
The Nasdaq-listed cryptocurrency mining company Marathon Patent Group announced on August 14th that it has entered into a Long-Term Purchase Contract with Bitmain for the purchase of 10,500 next-generation Antminer S19 Pro ASIC Miners. It is expected that the total 13,520 Antminers will be generating 1.55 Exahash upon full installation.
On August 18th, Riot Blockchain announced a new milestone purchase of 8,000 Antminer S19 Pros from Bitmain with delivery starting January 2021 and continuing through April 2021 until the order is complete. Until then, Riot Blockchain has purchased over 20,140 Antminers from Bitmain within a year.
New Services to
Raise Industry Standards: Comprehensively Improved Customer Experiences
Since the beginning of the year, Bitmain
launched a series of new offerings, aiming to advance customer experience from
all perspectives.
Bitmain Supercomputing
Center Research Institute (BSCI)
Bitmain Supercomputing Center Research Institute
Bitmain announced the establishment of the Bitmain Supercomputing Center
Research Institute (BSCI) in April. BSCI aims to provide customers
with one-stop services on supercomputing centers, from introductory consulting,
investment construction, and quality upgrades. It will provide a “turnkey”
service for supercomputing centers, which includes standardized design and
evaluation of the center, engineering management and consulting, and operation
of the supercomputing center.
Hash Guard
Bitmain’s Hash Guard Capabilities
Earlier this year, Bitmain launched the service “Hash Guard”, to provide high-standard maintenance and repair services that set standards for the market. Originally, Hash Guard was a miner operation and repair team established by Bitmain Group in 2014. After five years of growth and development, it has formed a professional team covering miners’ operation, repair, electrical, network, and system development. With a good reputation and excellent professional ability in the industry, our service scope is now spread all over the world. In China, North America, Europe, Central Asia, and other regions, Hash Guard is operating more than 50 data centers and has managed 600,000 miners.
R2-D2
R2-D2 Miner Development
Early in 2020, Bitmain made the decision to channel
efforts into the creation of the new R2-D2 branch, the brainchild of the
strategic business unit at Bitmain, built to cater for the next generation of
mining technology. R2-D2 is an initiative that
facilitates investors in having exclusive rights to build their own Antminers.
As part of the program, customers will have exclusive usage rights for one
year. It works as a long-term solution aimed at growing the mining
industry while evolving into the usage of multiple cryptocurrencies. This
initiative has more than 40 core design team members working on it, with more
than 10 years of professional experience. This development is huge for Bitmain
who have been championing mining innovator since 2013.
Upgrade on Training Courses to Attract more Participants: Standardized Training
System to Nurture Talents Ready for the Future
Ant
Training Academy is a training service project (hereinafter
referred to as “Ant Academy” or “ATA”), which was launched by Bitmain based on
years of knowledge dissemination and technology inheritance and accumulation.
It is the sole training institution and certification authority officially
certified by Antminer.
In August, ATA announced the upgrade on its course
plan, to attract more talents with more course setting options, in the hope to
prepare more qualified professional staff for the industry.
Currently, the core course of ATA is maintenance
training, with the upgrade presently including the 19 Series training program.
Also, it now has two options in terms of training periods –a long-term training
program lasting two weeks, and a short-term training program lasting five days
only – each class now scaled down to eight participants, with the option of
elective courses to match the needs of different groups. Successful course
participants will qualify for a “Certificate of Accomplishment”,
which will include an assessment of their skill level.
Only those who sit through the night could embrace the first ray of sunshine. Bitmain will keep on the Hashrate-centered strategy to advance the evolution of the entire industry and keep on forging ahead to explore more possibilities.
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Bitmain’s S19 Pro ASIC Miner Continues as The Miner of Choice For North Americas Largest Bitcoin Miners
Singapore, Sept. 04, 2020 – Bitmain – the World’s leading producer of cryptocurrency mining hardware is accelerating their momentum with the execution of this contract valued at over $23 million. Marathon Patent Group (“Marathon”), a Nasdaq-listed cryptocurrency mining company based in Las Vegas Nevada, has entered a Long-Term Purchase Contract of $23 million to purchase 10,500 Antminer S19 Pro. Bitmain’s Antminer S19 Pro is equipped with the most advanced chipset currently available.
“We are excited to close this deal which dramatically expands our relationship with Marathon. Powered by a new generation custom-built chip from Bitmain, Antminer S19 Pro features industry-leading performance and power efficiency, which we believe will significantly boost Marathon’s mining capacity. Once fully deployed, these Miners will bring in a new era of Bitcoin mining, and we cannot wait to see Marathon unleash their market potential with this additional capacity.” said Irene Gao, Antminer Sales Director of NCSA Region, Bitmain.
Merrick Okamoto, Marathon Patent Group, Inc.’s Chairman and CEO stated, “Bitmain’s S19 Pro ASIC Miner outperforms all other Miners we have deployed by producing and energy efficiency of 29.5 ± joules per terahash (J/TH.) Upon delivery and full installation, Marathon’s mining operation will produce up to 1.55 Exahash.”
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