CleanSpark buys 45,000 Bitcoin miners for $145 million to nearly double its capacity
Bitcoin mining firm CleanSpark spent $145 million on 45,000 Bitcoin mining machines, planning to double its mining capability by the tip of the yr.
All the mining items are Antminer S19 XPs, which CleanSpark CEO Zach Bradford claims are essentially the most environment friendly miners out there in the marketplace.
“This bear market has continued to supply us with alternatives to maximise ROI [return on investment] together with the chance to buy the trade’s greatest miner at an trade main value,” mentioned Bradford in a press launch.
The producer will goal to ship 25,000 machines in August, with the remainder arriving in September.
The machines will add 6.3 exahashes per second (EH/s) of computing energy to the corporate’s present 6.7 EH/s of hash price — a 95% enhance.
This follows a latest buy of 20,000 mining machines in February. These machines are within the strategy of being delivered and can add 2.44 EH/s of hash price when they’re activated later this yr.
CleanSpark claims it mines greater than 90% of its bitcoin with low-carbon vitality sources.