LAS VEGAS, August 14, 2020 (GLOBE NEWSWIRE) – Marathon Patent Group, Inc. (NASDAQ: MARA) (“Marathon” or “Company”), a Nasdaq-listed cryptocurrency mining company, announced its access to a long-term acquisition agreement with Bitmain for the acquisition of 10,500 Next Generation Antminer S-19 Pro ASIC Miners.
Marathon CEO Merrick Okamoto said: “The execution of this contract with Bitmain is a milestone for our company. This investment is expected to make Marathon one of the Bitcoin miners in North America.”
Okamoto continued: “Today’s news continues to the recent incremental expansion in activity through the acquisition of what is now expected for a total of 13,520 next-generation miners generating 1.55 Exahash after the entire facility. I would like to take this opportunity to thank Bitmain for working with us. in this long-term acquisition agreement, which blocks acquired value, a really significant reduction in existing retail value and particularly reduces the threat of increases in value to the company and its potential. shortage of availability of minors in the future. »
“We are pleased to have provided Marathon with the latest generation of Bitmain Antminer S19 Pro mining equipment. Equipped with the maximum complex chipset available lately, the superior functionality and low power consumption of the miners will particularly improve the operations of Marathon’s mining business. This collaboration continues with our cooperation and, in combination, will expand the long-term paints as Marathon expands its presence in the mining industry,” said Irene Gao, sales manager of NCSA Antminer, Bitmain.
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Forward-looking statements
Statements made in this press release come with forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be known by using words such as “possibly,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently the subject of certain risks, trends and insecurities, many of which the Company cannot expect as it should be and some of which would possibly not even anticipate and involve points that would possibly cause the actual effects to differ. materially from those projected or suggested. Readers are cautioned not to place undue reliance on such forward-looking statements and are encouraged to the previously indexed points, as well as other points in “Risk Factors” in the Company’s Annual Reports on Form 10-K, which may be supplemented or modified. through the Company’s quarterly reports on Form 10-Q. The Company assumes no legal responsibility to update or complete forward-looking statements that become false as a result of long-term events, new data or otherwise.
Name: Jason Assad Phone: 678-570-6791 Email: [email protected]