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Friday, January 12, 2018

Marathon Patent Group (MARA): Global Bit Ventures acquired 1,300 of cryptocurrency mining machines

  • Marathon Patent Group's subsidiary, Global Bit Ventures, acquired 1,300 cryptocurrency mining machines. 
  • Jan 12:  #15

Marathon Patent Group: Global Bit Ventures (being acquired by MARA) has purchased 1,300 of Bitmain's Antminer S9 miners  
  • Co announced that Global Bit Ventures purchased 1,300 of Bitmain's Antminer S9 miners Marathon and GBV have entered into a definitive purchase agreement whereby Marathon is acquiring 100% ownership of GBV.
  • The 1,300 Antminer S9s are expected to utilize an estimated 1.8 MW of power once fully deployed and add 14 Ph/s of ASIC mining capacity.
  • GBV currently owns 1,000 GPU mining servers capable of 250 GH/s. The Antminer S9s are able to mine any cryptocurrency using the SHA256 algorithm, including Bitcoin and Bitcoin Cash.

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