Why are Marathon Patent Company, Inc. (NASDAQ: MARA) shares peaking in the pre-market?

Marathon Patent Company, Inc. (NASDAQ: MARA) shares jumped in the early morning session as it goes up 12.42% to $5.36 after the company recently signed a 10,000 Antminer S-19j Pro ASIC Miners acquisition deal with Bitmain.

Marathon will receive an initial set of 6,000 S-19j Pro Miners in August 2021, under the terms of the settlement. In September 2021, the remaining 4000 miners will be delivered.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.

Once all of the acquired miners from Marathon are shipped and fully installed, the mining inventory of the Company will comprise 33,560 state-of-the-art ASIC miners, producing 3.56 EH/s. As a result, roughly 100 MWs of electricity will be used by the company, the highest amount available at the data center of the company in Hardin, MT.

The organization is partnering with its energy affiliate, Beowulf Energy, to open a clean energy data center in the northeastern United States to begin enhancing its operations. Originally, this plant would have an extra 100 MW of power for the Marathon and has the capacity to expand to 250 MW of power.

Most Popular

Related posts