Cryptocurrency Stock News: Marathon Patent Group (NASDAQ: $MARA) Announces Additional Purchase of 500 Next Generation S19 Pro ASIC Miners

LAS VEGAS – May 20, 2020 (Investorideas.com Newswire) Marathon Patent Group, Inc. (NASDAQ:MARA) (“Marathon” or “Company”), one of the few Nasdaq listed cryptocurrency mining companies in the United States, today announced the purchase of an additional 500 of the latest generation Bitmain S19 Pro Miners.

These 500 miners will produce 110 TH/s and generate 56 PH/s (petahash) of hashing power, bringing the company’s total Hashrate to approximately 185 PH/s when fully deployed. This compares to the companies previous S-9 production of 46 PH/s. The company paid $1,258,500.00 and was funded with cash on hand. The company expects to take delivery of these units by the end of August.

On May 11, 2020, Marathon announced the purchase of 700 M30S+ (80 TH) miners. On May 12, 2020, the Company announced the purchase 660 Bitmain S19 Pro Miners. Today’s announcement of the purchase of an additional 500 S19 Pro Miners brings the total state of the art, next generation miners purchased…