Nevada-based crypto mining company Marathon Patent Group announced the acquisition of 10,000 Antminer S-19 Pro ASIC as part of its plan to become North America’s largest mining company.
The listed company announced the acquisition on October 26 and announced plans to set an operating hash rate of 2.56 exahs per second (EH / s) in July 2021, equivalent to 1.9% of the current retail strength of the entire Bitcoin network.
The company previously commissioned 10,500 S19 professionals to support the current operation of 2,560 units.
With the exception of 500 miners who arrive in November this year, miners will be delivered during the first half of 2021: 4,000 units will arrive in January, 6,300 in February, 4,800 in March, then 1,800 in April. May-June.
The race to crown the largest Bitcoin miner in North America appears to be continuing, with Riot Blockchain announcing its acquisition of 2,500 S19 Pros earlier this month, with a rollout scheduled for December.
Before announcing the marathon, Riot Blockchain was aiming to become the leading miner in the region with a hash rate of 2.3 EH / s calculated for June 2021 after purchasing 18640 S-19s this year.
While Riot is currently operating at 519 five-per-second (PH / s), currently outpacing a marathon by nearly 300 PH / s, Marathon expects Riot to overtake in April 2021.
Texas-based Layer 1 appears to have lost the global retail claim by 30%, when a US District Court judge rejected the company’s proposal to dismiss a patent claim filed by Lancome Technology.
Lancium claims Layer1 mining infringes a patent on a system that helps data centers shut down or restart in response to energy price fluctuations. Despite filing a patent in March 2020, Lancome claims that Layer1 uses the same system called “proprietary software on demand”.
“We appreciate Judge Albright’s quick refusal,” said Michael McNamara, president of Lancome, adding, “We look forward to the next steps in the case and finally the opportunity to have our case presented to the jury.”
Layer1 has not announced expansion in capacity since the lawsuit.