CleanSpark boosts computing power by 37% with thousands of new Bitmain rigs

Bitcoin miner CleanSpark is increasing its mining capableness successful the United States, with the acquisition of 20,000 caller Antminer S19j Pro+ units for $43.6 million. The acquisition is expected to boost the company's computing powerfulness by 37%, and brings the full fig of miners purchased during the carnivore marketplace to 46,500 units.

According to a connection connected Feb. 16, CleanSpark volition pay $32.3 cardinal for the machines aft applying coupons, astatine a 25% discount oregon a full terms per terrahash of astir $13.25. The Pro+ rigs are 22% much productive than its erstwhile models and are planned to beryllium delivered successful batches betwixt March and May.

The institution is leveraging the market's little rig prices to boost its mining capacity, portion the Bitcoin (BTC) terms rebounds. According to information from Hashrate Index, the existent terms per TH of aforesaid ratio Bitcoin mining ASICs are presently astatine $15.09, good beneath the $90.72 seen 12 months ago. CleanSpark said the Antminer S19j Pro+ exemplary offers a amended instrumentality connected concern compared to the aforesaid ASIC-generation machines.

"After they are afloat operational, they are expected to adhd 2.44 EH/s to CleanSpark’s existing 6.6 EH/s of bitcoin mining computing powerfulness (for a full of 9 EH/s), constituting a 37% increase," noted the company. 

Bitcoin ASIC Price Index. Source: Hashrate Index

CleanSpark claims that the acquired models proceed to beryllium much charismatic to its operations successful the existent marketplace conditions. " The S19j Pro+ delivers 122 terahash per instrumentality and saves an mean of 2 joules of vigor per terahash compared to the S19j Pro exemplary of the aforesaid generation."

A full of 15,000 of the caller machines volition beryllium delivered to the company's locations successful the metropolis of Washington, Georgia. CleanSpark disclosed successful January a $16 cardinal enlargement successful the site, which is forecasted to summation its hash complaint by 2.2 exahashes per second, with full hash complaint reaching arsenic precocious arsenic 8.7 EH/s. The installation was acquired by the institution successful August past year, before taking implicit Mawson Infrastructure Group's facility successful Sandersville.

After a pugnacious twelvemonth successful 2022 with declining Bitcoin prices and precocious energy costs, publically listed mining companies saw a emergence successful mining accumulation and hash rates successful January, according to an investigation from Hashrate Index. CleanSpark boosted its Bitcoin mining accumulation by 50% during the month, reaching a grounds monthly accumulation of 697 Bitcoins. Its hash complaint roseate to 6.6 EH/s from 6.2 EH/s successful December.

Other nationalist mining companies, specified arsenic Core Scientific, Riot, Marathon and Cipher, person seen important increases successful Bitcoin accumulation successful the past month, helped by unchangeable energy prices and amended upwind conditions successful the United States.