CleanSpark boosts computing power by 37% with thousands of new Bitmain rigs
Bitcoin miner CleanSpark is rising its mining capability in the US with the acquisition of 20,000 new Antminer S19j Professional+ items for $43.6 million. The acquisition is anticipated to spice up the corporate’s computing energy by 37% and brings the whole variety of miners bought throughout the bear market to 46,500 items.
Based on an announcement on Feb. 16, CleanSpark will pay $32.3 million for the machines after making use of coupons at a 25% low cost or a complete value per terahash (TH) of roughly $13.25. The Professional+ rigs are 22% extra productive than their earlier fashions and are deliberate to be delivered in batches between March and Might.
The corporate is leveraging the market’s decrease rig costs to spice up its mining capability, whereas Bitcoin’s (BTC) value rebounds. According to knowledge from Hashrate Index, the present value per TH of ASICs of the identical Bitcoin mining effectivity are presently at $15.09, effectively beneath the $90.72 seen 12 months in the past. CleanSpark mentioned the Antminer S19j Professional+ mannequin affords a greater return on funding in comparison with the identical ASIC-generation machines.
“After they’re absolutely operational, they’re anticipated so as to add 2.44 EH/s to CleanSpark’s current 6.6 EH/s of bitcoin mining computing energy (for a complete of 9 EH/s), constituting a 37% enhance,” famous the corporate.
CleanSpark claims that the acquired fashions proceed to be extra engaging to its operations within the present market situations. “The S19j Professional+ delivers 122 terahash per machine and saves a median of two joules of power per terahash in comparison with the S19j Professional mannequin of the identical era.”
A complete of 15,000 of the brand new machines can be delivered to the corporate’s places within the metropolis of Washington, Georgia. CleanSpark disclosed in January a $16-million enlargement within the web site, which is forecasted to extend its hash price by 2.2 exahashes per second (EH/s), with its complete hash price reaching as excessive as 8.7 EH/s. The power was acquired by the corporate in August final yr earlier than taking up Mawson Infrastructure Group’s facility in Sandersville.
Wow. $CLSK has bought 20,000 Antminer S19j Professional+ items at a 25% low cost, bringing the # of #bitcoin mining machines purchased within the #bearmarket above 46,500.
That is anticipated so as to add 2.44 EH/s to our present #BTC #hashrate of 6.6 EH/s.
Full launch: https://t.co/HfOd0UH4zK pic.twitter.com/tahKmfhi3j
— CleanSpark Inc. (@CleanSpark_Inc) February 16, 2023
After a troublesome yr in 2022 with declining Bitcoin costs and excessive electrical energy prices, publicly listed mining corporations noticed an increase in mining manufacturing and hash charges in January, in keeping with an evaluation from Hashrate Index. CleanSpark boosted its Bitcoin mining manufacturing by 50% throughout the month, reaching a file month-to-month manufacturing of 697 BTC. Its hash price rose to six.6 EH/s from 6.2 EH/s in December.
Different public mining corporations, comparable to Core Scientific, Riot, Marathon and Cipher have seen important will increase in Bitcoin manufacturing previously month, helped by steady electrical energy costs and higher climate situations in the US.
