As a result, Marathon currently holds approximately 5,292 BTC, including the 4,812.66 BTC the Company purchased in January 2021 for an average price of $31,168 per BTC.
Miner Installations and Hash Rate GrowthAs of May 1, 2021, Bitmain has delivered approximately 13,032 S-19 Pro ASIC miners to the Company’s mining facility in Hardin, MT, all of which were delivered on time and as scheduled.
New miners continue to be installed on a daily basis.
Management Commentary“April was an incredibly productive month as we brought 5,288 new miners online and increased our active mining fleet’s hashrate approximately 82% in just 30 days,” said Fred Thiel, Marathon’s CEO.
Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under “Risk Factors” in Item 1A of our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2020.
Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company’s Annual Reports on Form 10-K, as may be supplemented or amended by the Company’s Quarterly Reports on Form 10-Q.