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Nevada-based cryptocurrency mining company Marathon Patent Group has announced the purchase of 10,000 ASICs Antminer S-19 Pro as part of its plan to become the largest mining company in North America.
The publicly traded firm announced the purchase on October 26, revealing plans to command an operational hash rate of 2.56 exahash per second (EH / s) in July 2021, or 1.9% of the current. hashing power of the entire Bitcoin network.
The company had previously ordered 10,500 S19 Pro to bolster its current 2,560-unit business.
With the exception of 500 miners arriving in November this year, the miners will be delivered throughout the first half of 2021 – with 4,000 units expected to arrive in January, 6,300 in February, 4,800 in March and then 1,800 to April, May and June respectively.
The race appears to have begun for the crown of North America’s largest Bitcoin miner, with Riot Blockchain announcing the purchase of 2,500 S19 Pro earlier this month, which are expected to be released in December.
Until the announcement of Marathon, Riot Blockchain aimed to emerge as the best miner in the region with a hashrate of 2.3 EH / s expected for June 2021 after buying 18,640 S-19s this year.
While Riot’s current operating hash rate of 519 pentahash per second (PH / s) currently exceeds Marathon’s approximately 300 PH / s capacity, Marathon expects to overtake Riot in April 2021.
The Texas-based Layer 1 company appears to have been sidetracked in an attempt to claim 30% of the global hash rate, with a U.S. district judge dismissing the company’s motion to dismiss a patent infringement lawsuit filed by tech firm Lancium. .
Lancium says Layer1’s mining operations violate its patent for a system that helps data centers shut down or restart in response to fluctuations in electricity prices. Despite filing the patent in March 2020, Lancium claims that Layer1 uses the same system with the title of “proprietary demand response software”.
“We appreciate Judge Albright’s quick denial,” said Lancium CEO Michael McNamara, adding, “We look forward to the next steps in the case and ultimately the opportunity to present our case to the jury.”
Layer1 hasn’t announced any capacity expansion since the lawsuit was filed.
