CleanSpark To Nearly Double Bitcoin Mining Capacity With $144.9M Antminer Purchase

CleanSpark Inc., a nationalist Bitcoin mining company, has announced its acquisition of 45,000 brand-new units of the Antminer S19 XP bitcoin mining machines, astatine a outgo of $144.9 million. The institution expects each units to beryllium delivered by the shaper by the extremity of September, with a 95% summation successful computing powerfulness erstwhile deployed according to a property merchandise sent to Bitcoin Magazine.

CleanSpark has astir 15.9 EH/s of machines connected manus oregon nether declaration for transportation this year, edging person to its year-end guidance of 16 EH/s. The institution volition deploy each of the acquired units astatine its bitcoin mining installation successful Sandersville, Georgia, which is presently undergoing a planned 150 MW expansion. The machines volition beryllium deployed successful aggregate batches arsenic they get connected tract and caller rack-space becomes available, with each machines expected to beryllium afloat operational earlier year-end.

Zach Bradford, CEO of CleanSpark, stated, “As bitcoin’s halving draws closer, our absorption connected operational efficiency, our method expertise, and our treasury absorption strategy, volition each play a important relation successful solidifying CleanSpark’s presumption among the apical bitcoin mining companies successful America.” Gary Vecchiarelli, CleanSpark’s CFO, added, “Securing XPs astatine these prices means we person 1 little adaptable successful our superior expenditure equation and puts america good connected our mode to achieving our year-end guidance of 16 EH/s.”

According to the property release, CleanSpark predominantly mines bitcoin with low-carbon vigor sources, which relationship for implicit 90% of its vigor mix, and the institution follows what it describes arsenic a “balanced superior absorption strategy” by selling immoderate of its mined bitcoin to reinvest successful growth.

This astir caller miner acquisition is successful summation to a 20,000 instrumentality purchase announced successful February, with those machines afloat paid for and successful the process of being delivered to the company’s Washington facility. They are expected to beryllium energized aboriginal this quarter, according to the property release, adding an further 2.44 EH/s of machines to CleanSpark’s operational hashrate.