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. 

Ritika Sharma

With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.