Marathon Digital announced the purchase of additional Bitcoin mining hardware from Bitmain.
The news indicates that Marathon’s Bitcoin mining inventory continues to increase, and Bitmain expects to complete the delivery of new rigs by June 2022.
With the addition of 30,000 rigs, the total number of Bitcoin miners in Marathon will exceed 133,000, with an estimated computing power of 13.3 exahashes per second (EH/s).
Judging from this figure, data from BTC.com shows that the top three BTC mining pools are between 13.16 EH/s and 18.67 EH/s.
At a rate of 13.3 EH/s per second, Marathon will effectively control more than 12% of the current Bitcoin mining power.
Fred Thiel, CEO of Marathon, mentioned in the statement the benefits of having a dominant position in the global hash rate distribution, and quoted him as saying:
“Increasing our percentage of the hash rate of the entire network will increase our likelihood of earning Bitcoin, and given the unique favorable conditions in the current mining environment, we believe that now is a good time to add new miners to our business.”
China’s crackdown on Bitcoin mining has upended the global hash rate distribution, and North American participants are expected to control a larger share of the industry.Even before Beijing took action on crypto mining, mining giants in the United States and Canada had already scaled up They have the ability to make new inventory From the two major Bitcoin manufacturers-Bitmain and MicroBT.
Migration of computing power from east to west is also possible Serving to improve the carbon footprint Related to Bitcoin mining. Marathon is one of a growing list Of American miners are reportedly committed to “green mining.”