The year for Bitcoin — A 2021 roundup of the flagship crypto cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.
Beware FUD! Last week’s barrage of mistruth reportedly claimed a major victim in software company NexTech AR Solutions, which sold off all 130 of its Bitcoins (worth roughly $4 million), citing reports of a possible “double spend” on the blockchain. The supposed double spend has now been shown to be nothing of the sort, but it was still credited for much of last week’s downward price action. An important lesson for newcomers to the space – do your own research and don’t believe everything you read. Certainly don’t make $4 million decisions off the back of easily-disproved nonsense spread by gutter press.
Marathon Patent Agrees to Buy 70K ASIC Miners From Bitmain for $170M
Cryptocurrency mining profits might grow faster than the price of bitcoin, due to a shortage of computer chips.
Updated Dec 28, 2020 at 3:43 p.m. UTC
Marathon Patent Agrees to Buy 70K ASIC Miners From Bitmain for $170M
Nasdaq-listed Marathon Patent Group (MARA), one of the largest enterprise bitcoin mining companies in North America, announced its pre-order purchase of 70,000 Antminer S-19 ASIC miners from Bitmain for $170 million, more than tripling the size of Marathon’s fleet.
“This purchase is the largest order in dollar terms as well as the single largest order for S-19 ASIC miners that Bitmain has ever received, said Marathon Chairman and CEO Merrick Okamoto.