2 years ago
Crypto mining steadfast CleanSpark has been aggressively expanding its fleet of mining machines this year, contempt mining profitability being acold from its all-time highs.
Despite a 44% diminution successful Bitcoin (BTC) mining profitability implicit the past year, immoderate Bitcoin mining companies person continued to physique and summation production, according to caller announcements.
On June 1, American Bitcoin mining steadfast CleanSpark announced that it had purchased 12,500 brand-new Antminer S19 XP units for $40.5 million. The woody worked retired astatine $23 per terahash per 2nd (TH/s) which is little than the mean marketplace price.
Hot disconnected the press! More miners person been purchased by $CLSK for little than the existent mean marketplace price. Approximately 12,500 Antminer S19 XP units were bought for $40.5 cardinal - oregon $23 per terahash.
The units person a power-efficiency standing of 21.5 joules per terahash… pic.twitter.com/TKRxhWXlzx
The quality comes arsenic Bitcoin mining difficulty reached an all-time precocious of implicit 50 trillion connected June 1, putting further unit connected miners. The web hash complaint was besides adjacent its highest level astatine 395 EH/s connected May 30.
CleanSpark’s acquisition statement stipulated that 6,000 machines are scheduled to beryllium shipped by the shaper successful June, and the remainder volition beryllium shipped successful August.
Antminer S19 XP units person a hash complaint of 141 TH/s, with the combined acquisition providing an further full hash complaint of 1.76 exahashes per 2nd to its existent 6.7 EH/s. Zach Bradford, CEO of CleanSpark, said:
“This acquisition ensures that we are prepared to conscionable and perchance transcend our year-end people of 16 EH/s.”CleanSpark’s mining farms are located successful Georgia. According to its website, the steadfast has 67,700 mining machines successful cognition and has mined 2,395 BTC year-to-date.
Bitcoin Hashprice 1 year. Source: Hashrate IndexThe institution has continued its enlargement contempt declining Bitcoin mining profitability, which has declined to $0.071 per TH/s per day, down 44% implicit the past 12 months and 82% since the crypto marketplace highest successful precocious 2021, according to Hashrate Index.
In February, CleanSpark purchased and paid for 20,000 brand-new Antminer S19j Pro+ units and successful April it added 45,000 S19 XP ASIC rigs to its fleet.
Related: Mining trouble passes 50 trillion — 5 things to cognize successful Bitcoin this week
In different caller institution updates, Bitfarms announced that it had mined 459 BTC successful May, expanding accumulation by 6.5% year-on-year. “A 47% year-over-year summation successful our hash complaint was offset by a 65% summation successful web trouble successful the aforesaid period,” said Chief Mining Officer Ben Gagnon.
Cipher Mining announced a grounds accumulation successful May with 493 BTC mined. The increases were owed to the transaction interest spike during the BRC-20 memecoin minting craze that peaked successful aboriginal May.
On May 31, Compass Mining inked a deal with hosting supplier Arthur Mining to unfastened a caller installation successful Ohio.
Magazine: Bitcoin is connected a collision people with ‘Net Zero’ promises
English (US) 