Marathon Digital Will Receive A Record Number Of Devices

Nasdaq-listed Bitcoin mining company Marathon Digital will receive a record number of devices.

Marathon Digital has entered into an agreement to purchase a record number of Antminer S19 XP from mining device maker Bitmain. The model in question is the most powerful device available on the market, with a power of 140 terahash per second. The newly purchased devices will be delivered between July and December 2022. With the deliveries to be made, the number of equipment of Marathon will increase to 199 thousand. Thus, the company will become the largest known public Bitcoin mining company in the world. With current network data, Marathon will reach a capacity of 23.3 exahhas per second. The mining capacity of the company will be increased by more than 600 percent. Marathon currently has 31 thousand devices in operation and the total capacity of these devices is 3.2 exahash per second. Shares of Marathon Digital rose 13 percent during the week following the news. The market capitalization of the company is close to 4 billion dollars. The hash rate, which expresses the processing power of all devices used in Bitcoin mining, has recently reached its highest levels. According to BTC.com, on December 21, this rate was recorded as 193 exahash.