Marathon Patent Group Begins Deployment of 6,000 S-9 Bitmain Antminers and Relocates Miners from the Company's Granby Location
MARA Holdings, Inc. (MARA)
Last mara holdings, inc. earnings: 8/14 04:00 pm
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Source: GlobeNewswire
LAS VEGAS, Oct. 25, 2019 (GLOBE NEWSWIRE) -- Marathon Patent Group, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), announced today the company has begun to deploy its recently acquired 6,000 S-9 Bitmain Antminers. The first Miners are being installed under a hosting agreement with Compute North at its new 100MW site in Nebraska. The Company selected Compute North because of its strategically located facilities which provide lower cost renewable energy with a high level of reliability and security. Marathon made the decision to relocate the Miners from the company’s facility in Granby, Quebec in order to reduce the operating costs by approximately $60,000 per month for the 1,200 miners that were operating. The company expects to have 3,500 Miners installed over the next two weeks and the remaining 3,700 Miners installed by December 15, 2019. Once the full deployment is completed, Marathon will have 7,200 miners in production and will increase the current HashRate production leve
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