Adam James · March 12, 2018 · 11:30 am
Bitcoin mining operations have officially commenced today at Marathon Patent Group, Inc.’s new mining facility in Quebec, Canada.
Marathon, and a Sprint
Marathon Patent Group, Inc. has commenced mining operations in Quebec.
According to reports from NASDAQ via Globe Newswire, Marathon had previously announced the purchase of 1,400 Bitmain Antminer S9 miners — commonly known simply as Antminer S9s — on Feb. 8.
A week later, Marathon announced that it had leased 26,700 square feet of space in Quebec to be used as a data center.
Today, Marathon has officially announced the successful installation of its aforementioned equipment. Likewise, Mining operations have also officially commenced, which — as noted by NASDAQ — “are expected to utilize approximately 2.0 MW and deliver approximately 19 Ph/s of ASIC mining capacity.”
Marathon’s Interim Chief Executive Officer and Chairman of the Board of Directors, Merrick Okamoto, stated:
Today’s announcement represents a milestone for the Company. I’d like to thank everyone that worked so hard to make this day a reality for our shareholders.
Unsurprisingly, Marathon’s collection of Antminer S9s are currently mining Bitcoin — but may utilize the SHA256 algorithm to mine other cryptocurrencies in the future.
Marathon also has plans to drastically expand its mining operations and is seeking to add an extra 3.9 MW of power, which would afford enough