United States firm, Marathon Patent Group, announced that it installed 700 units of S18+ mining application-specific integrated circuit, or ASIC, units.
According to a December 3 announcement, Marathon Patent Group installed 700 SPCMiner S18+ ASICs produced by CRYPTO RESEARCH LTD. The company is also reportedly waiting for a delivery of 300 S18+ units produced by mining ASIC producer SPCMiner.
A company rich in hashrate
The S18+ boasts a hash rate of 325 TH/s. That means Marathon Patent Group is waiting to add 227,500 TH/s to the hashrate under its control. Summed with the 97,500 TH/s coming from its 300 SPCMiner S18+ ASICS (325 TH/s each), this will result in the company having a total hashrate of 325,000 TH/s.
The announcement comes shortly after Ripple SBI Asia CEO Adam Traidman predicted that the mining industry will continue to see hashrate migrate from east to west. He also stated that he is already witnessing the transition begin.
China’s Bitcoin mining crackdown has upended the global hash rate distribution, with North American participants expected to control a larger portion of the industry. Even before Beijing’s actions against crypto mining, American and Canadian mining giants upscaled their capacity with new inventory from the major ASIC rig makers.
The East-to-West hash rate migration may also serve to improve the carbon footprint associated with Bitcoin mining. Marathon is among a growing list of U.S. miners reportedly committed to “green mining.”
Meanwhile, Chinese miners have reportedly begun to set up shop in Kazakhstan, with the immediate impact being an increase in the Bitcoin mining hash rate.