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Marathon Patent Group announced an $23 million contract with Bitmain in August 2020 to purchase 10,500 Antminer S19 Pro mining devices as the company accelerated its bitcoin mining operations expansion.
Bitmain Technologies has filed for Hong Kong stock exchange listing, seeking to raise as much as $3 billion in an initial public offering that would value the mining hardware manufacturer as one of the world's largest semiconductor producers.
Leaked financial documents revealed that cryptocurrency mining giant Bitmain generated $1.1 billion in net profit during the first quarter of 2018, with some sources reporting figures as high as $1.2 billion for the quarter.
