Cleanspark Acquires 4.4 EH/s of Bitmain’s New S21 Antminers; Readies for Bitcoin Reward Halving

In a disclosure connected Wednesday, bitcoin mining entity Cleanspark has reserved 4.4 exahash per 2nd (EH/s) of Bitmain’s latest S21 Antminers. The mining company, recognized connected the nationalist market, elaborate that the consignment is valued astatine astir $61.6 million, translating to $14 for each terahash per 2nd (TH/s).

Cleanspark Amplifies Mining Capabilities, Snags 4.4 EH/s of Bitmain’s S21 Antminers

Cleanspark (Nasdaq: CLSK), a U.S.-based bitcoin mining firm, divulged its procurement of 4.4 EH/s of the caller S21 miners from mining instrumentality titan Bitmain. Though the specifics were not openly shared, the dispatch indicates that the Bitmain S21 Antminers boast an ratio quotient of 17.5 joules per terahash (J/TH), suggesting the acquisition apt progressive the air-cooled S21 models.

These air-cooled S21 models output 200 TH/s each, necessitating 22,000 units for the institution to deed the 4.4 EH/s mark. The apparatuses clasp a cumulative worthy of $61.6 million, arsenic per Cleanspark.

Bitmain is fronting the superior for the residual 20%, with the equilibrium postponed until a twelvemonth post-delivery, indicating an upfront disbursement of $11.2 per TH/s. The announcement underscores that shipments are slated to footwear disconnected successful January 2024.

This acquisition by Cleanspark comes connected the heels of Iris Energy securing 1.4 EH/s of Bitmain’s S21 hardware for $19.6 million. Bitcoin mining conglomerates are bracing for the impending reward halving, a specified 196 days out, and enhancing the joules per terahash ratio is important for augmenting gross streams.

“Integrating the S21 into our mining operations is successful enactment with our committedness to utilizing the astir businesslike mining technology,” Zach Bradford, CEO of Cleanspark, explained connected Wednesday.

What bash you deliberation astir Cleanspark acquiring 4.4 EH/s of Bitmain’s caller S21 miners? Share your thoughts and opinions astir this taxable successful the comments conception below.