Marathon is going to set the mining equipment in two US states

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Elena Klimovich

16:39 19/07/2022

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Marathon is going to set the mining equipment in two US states

Signing a deal between Marathon and Applied Blockchain will allow mining company to increase power capacities including the possibility of its rising.

According to the announced statement yesterday, in the future objects will be set to about 66 000 pieces of equipment with hashpower about 9.2 EH/s. All these will be added to the current capacity.

Fred Till, the Marathon representative, admitted that today the company has all necessary power reserves to achieve the goal 23.3 EH/s. The objects that became the subject of the contract are not finished still. It is planned that it will be over in 2023.

Applied Blockchain noticed the great potential for the business growing which is not influenced by market volatility.

On Monday after BTC rising Martin's shares increased by 20% even before the announcement.


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