Bitmain

Intel is hoping its advance into crypto mining will help it claw back some of its lost market share

With the new purchase, the company’s total miners will increase about 30% to approximately 133,000 bitcoin miners, producing 13.3 EH/s, said Fred Thiel, Marathon Digital’s CEO.

The two-year-old company was launched in 2019 by Bitmain co-founders Jihan Wu and Ge Yuesheng and has raised $129 million to date.