Marathon Patent Group orders 10,500 Antminer S19 Pro miners

On August 14, 2020, Marathon Patent Group orders 10,500 Antminer S19 Pro miners. Bitcoin mining company Marathon Patent Group announces deal to purchase thousands of new Antminer S-19 Pro rigs, demonstrating miner confidence.

The massive equipment investment signaled that professional mining operations were bullish on Bitcoin's long-term prospects and believed current and future prices would support profitable operations even with reduced block subsidies. Marathon's equipment purchase reflected several trends in Bitcoin mining's evolution.

First, mining was becoming increasingly professionalized and industrialized, with publicly traded companies making strategic, large-scale investments rather than hobbyists assembling small operations. Second, access to capital through public markets allowed companies like Marathon to make equipment purchases that smaller operators couldn't match, potentially centralizing hash power among well-funded operations.