Marathon Group: + 58% on the stock market after the mining announcement in Quebec

As for NASDAQ, Marathon Group Inc., a licensing and intellectual property group, is in the process of mining Bitcoin, boosting its share price.

Marathon Patent Group yesterday announced the start of bitcoin mining in Quebec, Canada, adding a new dimension to the group's business model. These operations began after the acquisition on November 2, 2017 of Global Bit Venture , a company specifically specialized in mining. The price had at the time been multiplied by 6 in the space of 3 days before returning to its initial levels.

In a report published by the Nasdaq Stock Exchange, the group announced the acquisition of 1400 Antminers S9 Bitmain February 8, arranged on an area of ​​about 2500 m2 . This announcement is being welcomed by investors, boosting Marathon's share by more than 58% during the day . The group does not want to stop there. It plans to add 2800 additional machines in this room.

MARA Graphic by TradingView
Quebec seems to be the best location for mining because of its cheap electricity and long, cold winters. The Chinese Bitmain , then the Japanese GMO , the biggest miners rush to this destination. Quebec, the new mining eldorado?