Cleanspark Boosts Bitcoin Mining Capacity With Acquisition of 20,000 Bitmain Rigs

Bitcoin mining cognition Cleanspark has acquired 20,000 brand-new Bitmain mining rigs for $43.6 million, the institution reported. Once installed, Cleanspark expects to summation its capableness by 37% by adding astir 2.44 exahash per 2nd (EH/s) to the firm’s fleet.

Cleanspark CEO Says Proprietary Mining Model Gives Company Greater Control and Efficiency

Cleanspark, the publically listed bitcoin mining steadfast (Nasdaq: CLSK), has announced that it acquired 20,000 Antminer S19j Pro+ units for $43.6 million. The institution stated that it utilized coupons that saved it 25%, bringing the full terms down to $32.3 cardinal astatine settlement.

Cleanspark anticipates sending 15,000 application-specific integrated circuit (ASIC) miners to its mining installation successful Washington, Georgia.

The bitcoin miner said that the mining machines are expected to beryllium delivered by the extremity of May. Once afloat operational, they volition adhd 2.44 EH/s to Cleanspark’s existent 6.6 EH/s of computational power, resulting successful a full of 9 EH/s of SHA256 hashpower for the bitcoin mining company.

“Building and owning our ain mining campuses astatine aggregate locations provides america with a level of agility and reliability that cannot beryllium achieved otherwise,” Zach Bradford, CEO of Cleanspark, said successful a connection sent to Bitcoin.com News. “As machines are delivered to america we volition person rackspace waiting for them astatine 1 of our sites.”

The Cleanspark enforcement added:

This is the vantage of proprietary mining oregon the ‘prop mining’ model. We workout tremendous power implicit our infrastructure and, therefore, our quality to beryllium highly businesslike successful the mode we allocate our resources.

Cleanspark stated that it volition deploy 15,000 application-specific integrated circuit (ASIC) miners astatine its installation successful Washington, Georgia. Some of the caller ASICs whitethorn beryllium redirected to the company’s different locations successful the United States. Bitcoin miners had a hard clip successful 2022 during the “crypto winter,” but mining operations person benefited from the important betterment successful bitcoin (BTC) prices successful 2023.

Cleanspark’s shares person declined 33.4% implicit the past six months but person risen 68.66% year-to-date. Despite the acquisition news, CLSK shares dropped 4.78% against the U.S. dollar successful the past 24 hours of trading. At the adjacent of Wall Street trading connected Feb. 16, 2023, CLSK finished the time astatine $3.39 per stock connected Thursday day Eastern Time.

What are your thoughts connected Cleanspark’s latest acquisition of 20,000 Bitmain Antminers? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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