Crypto mining company based in Nevada The Marathon Patent Group has announced the purchase of 10,000 Antminer S-19 Pro ASICs to become the largest mining company in North America.
The publicly traded company announced the purchase on October 26th and announced its plans to achieve an operational hash rate of 2.56 exahashes per second (EH / s) in July 2021.This corresponds to 1.9% of the current hash power of the entire Bitcoin network.
The company had previously ordered 10,500 S19 professionals to strengthen the existing operation with 2,560 units.
With the exception of 500 miners arriving in November of this year, the miners will be delivered in the first half of 2021: will ship 4,000 units arriving in January, 6,300 in February, 4,800 in March and 1,800 in April, May and June.
It appears that The race for the crown of North America’s largest Bitcoin miner is on;; Riot Blockchain announced the purchase of 2,500 S19 pros earlier this month their use is planned for December.
Until the marathon announcement Riot Blockchain wanted to become the best miner in the region with a forecast rate of 2.3 EH / s in June 2021 after purchasing 18,640 S-19s this year.
Although Riot’s current operational hash rate of 519 pentahashes per second (PH / s) currently exceeds marathon capacity of approximately 300 PH / s, Marathon hopes to overtake Riot in April 2021.
Texas-based Layer 1 appears to have been misled in its attempt to claim this 30% of the global hash rateA United States district judge denied the company’s motion to dismiss a patent infringement suit from technology company Lancium.
Lancium claims that Layer1’s mining operations are infringing a patent on a system that could shut down or restart data centers due to fluctuating electricity prices. Despite filing the patent in March 2020, Lancium claims that Layer1 uses the same system called “proprietary demand-response software”.
“We appreciate Judge Albright’s quick dismissal,” said Michael McNamara, CEO of Lancium, adding: “We look forward to the next stages of the case and ultimately to the opportunity to present our case to the jury.”
Layer1 has not announced any capacity expansion since the lawsuit was filed.
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