Marathon Digital Holdings, a bitcoin mining company based in Las Vegas, has purchased $879.06 million worth of new machines from a third-party vendor.

The order was announced last week, but the purchase price was only revealed on Tuesday." A total of 78,000 Bitmain Antminer S-19 XP mining rigs will be delivered between now and 2022 under the terms of the contract.

From July to December 2022, 13,000 units will be delivered each month in six batches.

Also, Marathon is going to pay Bitmain in batches. Marathon: "35 percent of the total amount within two days of execution of the purchase contract, 35 percent of each single shipment price at least six months prior to each such shipment, and the remaining 30 percent of each single shipment price at least one month prior to such shipment."

A single order of 140 terahashes per second (TH/s) of Bitmain's S19 XPs is the largest Bitmain has ever received, according to Marathon CEO Fred Thiel

By early 2023, Thiel expects Marathon to have 199,000 total machines and a hash rate of 23.3 exahashes per second (EH/s) thanks to the deal.

Marathon is one of the world's largest publicly traded bitcoin mining firms.

Based on its performance this year, The Block Research expects it to produce more than 3,000 bitcoins in 2022 (currently worth more than $143 million).

After China's ban on bitcoin mining in October, the percentage of bitcoin miners in the United States has increased significantly.

Currently, the United States dominates the bitcoin mining market with a hash rate of over 35%.

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