Marathon patented group to buy the bit mainland 1400 S9 ant mine machine

According to foreign media sources, the Marathon Patent Group has announced that it has purchased 1,400 S9 ant mines in the mainland of China. It is estimated that these mills will deploy 2.0 MW of electricity once they are deployed and provide 19 Ph / s of ASIC mining capacity. Ants miners are able to use the SHA256 algorithm to mine any type of encrypted digital currency, including bitcoin and bitcoin cash.

It is worth mentioning that the Marathon Patent Group has previously acquired Global Bit Ventures, which specializes in digital asset mining business and has been seeking to expand the scale of computing equipment, mining new digital assets.It is reported that Global Bit Ventures already in 2018 On January 12, it purchased 1,300 S9 ant mines and 1,000 GPU mining servers and currently has a mining capacity of 250 Gh / s.

The two companies, after the merger, will have 2,700 S9 mines on the mainland and are expected to receive approximately 33 Ph / s of ASIC mining capacity.

Merrick Okamoto, chairman and interim chief executive of the Marathon Patent Group, said their current focus is to explore the blockchain ecosystem to rapidly ramp up mining capacity and then further develop new businesses in digital asset mining for more revenue.