Bitcoin

<a href="https://ultramining.com/news/en/marathon-digital-to-boost-energy-efficiency-with-s19-xp-miners/" rel="noopener noreferrer nofollow">Marathon</a> Digital Holdings has announced the co-founding of Auradine, the first U.S.-based manufacturer of Bitcoin mining ASICs. The new company aims to produce ASIC devices capable of competing with foreign counterparts. Investments in Auradine amount to $50 million, which will increase <a href="https://ultramining.com/news/en/bitcoin-miners-set-for-a-tough-ride-as-2024-halving-nears-jp-morgan/" rel="noopener noreferrer nofollow">production</a> capacity and create over 200 new jobs.
Marathon already operates 13 mining centers across four continents but has so far relied on foreign equipment suppliers. The creation of Auradine will reduce dependency on imports, strengthening the U.S. position in the global Bitcoin mining market.
According to forecasts, Auradine will be able to produce up to 20,000 ASIC devices per month, increasing Marathon's total <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/" rel="noopener noreferrer nofollow">hashrate</a> by 30%. The first devices are expected to be available to customers in the first quarter of 2025.

Marathon Co-founds Auradine, First U.S. Manufacturer of Bitcoin Mining ASICs

Ultramining_Eng

Other articles published on Oct 1, 2024

Crypto Expert Predicts 61% Cardano Crash, Urges Massive ADA Short

Bitcoin Drops to Key Level Before Critical Labor Market Data Release

HashKey Capital and GCR Deposit $3.11M in EIGEN to Binance, Signaling Strategic Moves

Hut 8 pays off $38M Anchorage Digital loan as it looks at AI expansion

Taiwan’s financial regulator approves foreign crypto ETFs for professional investors

Crypto Market Volatility: Greed Index Signals Confidence

Join our free newsletter for daily crypto updates!