Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (164577)	10/31/2020 10:07:19 PM
From: Julius Wong	Read Replies (2) \| Respond to of 217822

Marathon Patent +6.9% after contract to buy 10,000 more miners Oct. 26, 2020 8:33 AM ET\|About: Marathon Patent Group, Inc. (MARA)\|By: Liz Kiesche, SA News Editor Marathon Patent Group (NASDAQ: MARA) jumps 6.9% in premarket trading after agreeing to buy an additional 10,000 next-generation Antminer S-19 ASIC Miners from Bitmain. Delivery of the new miners is scheduled to start in January 2021 and will be completed by March 2021. They're all expected to be deployed in Q1 — three months earlier than its last purchase, which is scheduled to be delivered between January and June of next year. "As a result, there will be a substantial increase in our Bitcoin Mining revenue sooner than we had anticipated," the company said in its statement. Each miner produces 110 Terehash/second, adding 1.10 Exahash to the company's existing 2,560 miners. The schedule of S-19 Pro Miner deliveries: 500 in November 2020; 4,000 in January; 6,300 in February; 4,800 in March; and 1,800 each in months of April, May, and June. Bitcoin is up 0.3% to $13,116.28. See Bitcoin performance over the past six months: seekingalpha.com