Marathon to Buy Fastblock for $22M in Stock, Gaining Speed and Halving Bitcoin-Mining Costs

Marathon to Buy Fastblock for $22M in Stock, Gaining Speed and Halving Bitcoin-Mining Costs

(one photo/Shutterstock)

Nasdaq-listed cryptocurrency mining company Marathon Patent Group signed a letter of intent to acquire the mining-as-a-service company Fastblock Mining, founded in 2014, in an all-stock deal.

Update (August 26, 15:30 UTC): This article has been updated with the company’s halving of mining costs and additional information about Bernardo Schucman.

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