Home Bitmain Nasdaq’s Listed Marathon Patent and Ebang International Expand Business with Bitman

Nasdaq’s Listed Marathon Patent and Ebang International Expand Business with Bitman

  • Bitmain and Marathon patent Group enters in contract to purchase Antimers.
  • Bitmain will be delivering a total of 13,520 miners who will be generating 1.55 Exahash when fully installed.
  • Ebang International to establish exchange centre in Singapore

Nasdaq, an American based stock exchange and Marathon Patent Group Inc. a crypto mining company, announced that they have entered into a contract with Bitmain. This will be a long term deal with the purchase of 10,500 Antiminer S-19 Pro ASIC Miners of next generation. At the start of this year, a Coinshare report indicated that a huge increase in the mining hash reaching to 90EH/s (exahashes per second) from 50EH/s and peaking to a high of 100EH/s at times.

Merrick Okamoto the CEO of Marathon’s Executive commented that with this collaboration, the company aims to be one of the largest miners in North America. The contract mainly focuses on the improvement of mining operations of Bitcoin. It is to be noted that Marathon is considered one of the very first mining companies to be registered on Nasdaq.

What does Contract Involve?

Bitmain will be delivering a total of 13,520 miners who will be generating 1.55Exahash when fully installed. Irene Gao, Antiminer Sales Director, Bitmain replied that the company hopes to strengthen cooperation and possibly extend the future business together. Irene while talking about their S10 pro-mining hardware says that it is the best chipset in the market with low power consumption while giving a great performance.

With the installation of the new Miners company’s capacity will increase to 184.6PH/S with 2060 operational miners. They are also expecting 500 S19 pro Miners in September and another 500 in November. The company press release increased net cash flow based on the current prices of Bitcoin and hashrate difficulty analysis. 

Ebang International to establish exchange centre in Singapore

Ebang International Holding Inc. which is another Nasdaq registered mining provider has made announcements to establish a crypto exchange in Singapore. Moreover, CEO-Chairman of the company, Mr Dong Hu explains that with this move they are planning to provide trading services as well along with the mining. Dong Hu explains the next steps of the company to set up an optimal transaction system through blockchain technology. Furthermore, Ebang is still in the process of seeking government approvals from the relevant departments and advises its shareholders and investors to invest accordingly. 

Download our App for getting faster updates at your fingertips.

en badge web generic.b07819ff

Ritika Sharma
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

We Recommend

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange

Partners

Must Read

Brazilian Indigenous Tribes Neglected by the Government

Jair Bolsonaro, The President of Brazil, is known for looking down on its indigenous people. He is racist and discriminative towards themHe...

Bitcoin’s Options Market Showing Bullish Sentiments

According to Skew's data it is overtaking the net demand for put options known as bearish betsIf we observe the negative one-month...

China Published its 20th Blockchain Assessment Report

It is observed in the report that 37 well known public chains were ranked in three different aspectsAs the previous report or...

Chainalysis Rolls out New Solutions to Help Firms Perform Blockchain Analysis

DOJ also assisted in seizing the Bitcoins by Chainalysis to identify and investigate the crypto wallets associated with Silk RoadChainalysis also partnered with Wyoming’s...

ZebPay to Dispatch India’s non-fungible Crypto Token and Commercial Center

A non-fungible token (NFT) is a cryptographic symbolic that speaks to something exceptional and has singular qualities that set them apart. The distinction...

PayPal Users in United States can Trade Crypto Assets on its Platform

Every user of PayPal in the United States is getting a banner at the top of the home page as the ability...

Related News

Another NASDAQ listed company, Riot purchases 8000 S19 Miners

Riot Blockchain, NASDAQ listed company has a purchase agreement of 8000 S19 Pro mining equipment with BitmainTech PTE...

Diginex Prepared For Its Upcoming NASDAQ Listing

Diginex is right on track for it's upcoming Nasdaq Stock Exchange listing in September. Diginex in July 2019 announced its intention to go...

Bloomberg Analyst Claims Bitcoin Can Survive Longer Than Nasdaq

Bitcoin prices have been soaring with the news that the leading digital currency hitting the $10,000 mark. Mike McGlone, Bloomberg's Senior Commodity Strategist...

Nasdaq’s Marketplace Services Platform Provides A Robust Cloud Environment

Nasdaq has initiated a new service known as 'Marketplace Services Platform. It gives users a complete experience of end to end service for...

Agro Blockchain Purchased Bitmain Z11 To Expand Its Crypto Mining Capacity

Recently, Agro Blockchain PLC revealed that it has purchased 750 Bitmain Z11 mining units. However, it had chosen Z11s unlike the new Z15s...