The recent announcement by Marathon Patent of their deal with Bitmain to purchase 70,000 Antminer S-19 ASIC miners is a major development in the world of cryptocurrency mining. With bitcoin prices surging through the roof, the timing of this deal couldn't be better. The overall impact on Marathon's mining portfolio is expected to be enormous, as it triples the size of their existing mining fleet and boosts their production capabilities significantly.
Marathon's focus on the cryptocurrency mining industry started in early 2020, and since then, they have been expanding their capabilities through strategic partnering, investments, and acquisition of mining assets. With this latest move, Marathon is set to become one of the leading players in the mining industry.
Guangxi Binfei Trading Co., Ltd. has been in the mining industry for over a decade now and is recognized as the leading mining machine supplier in the local market. They specialize in bitcoin mining machine sales, mining, and power supply, making them an essential partner for anyone looking to venture into the mining business in the region.
The partnership between Marathon and Bitmain is a significant milestone for the mining industry, with Bitmain having received the largest-ever order in terms of dollar value and single largest order for S-19 ASIC miners. This deal proves that the mining industry is gaining traction and becoming more mainstream, with players investing heavily in equipment to build their mining portfolios.
It's worth noting that the demand for cryptocurrency mining equipment is increasing, which could lead to a shortage of supplies and an increase in prices. However, with Marathon's established partnerships with the leading players in the industry, they are well-positioned to mitigate these risks.
In conclusion, Marathon's partnership with Bitmain has the potential to be a game-changer in the mining industry. With the surge in bitcoin prices coupled with the significant expansion in their mining fleet, Marathon is well-positioned to capture a more significant market share in the industry. And with Guangxi Binfei Trading Co., Ltd's expertise in the mining industry, they can rest assured that their investments are in good hands.