Bitcoin mining operation Cleanspark has purchased 20,000 new Bitmain mining rigs for $43.6 million, the company reported. Once installed, Cleanspark expects to increase its capacity by 37% by adding approximately 2.44 exhash per second (EH/s) to the company’s fleet.
Cleanspark CEO Says Proprietary Mining Model Gives Company Greater Control and Efficiency
clean sparkthe publicly traded bitcoin mining company (Nasdaq: CLSK), has announced that it has purchased 20,000 Antminer S19j Pro+ units for $43.6 million. The company stated that it used coupons that saved it 25%, bringing the total price down to $32.3 million at the time of liquidation.
The bitcoin miner said that the mining machines are expected to be delivered at the end of May. Once fully operational, they will add 2.44 EH/s to Cleanspark’s current 6.6 EH/s of computational power, resulting in a total of 9 EH/s of SHA256 hashing power for the mining company. bitcoin.
“Building and owning our own mining campuses in multiple locations gives us a level of agility and reliability that cannot be achieved any other way,” Cleanspark CEO Zach Bradford said in a statement sent to Bitcoin.com News. “As the machines are delivered to us, we will have rack space waiting for them at one of our sites.”
The Cleanspark executive added:
This is the advantage of proprietary mining or the ‘prop mining’ model. We exert tremendous control over our infrastructure and therefore our ability to be highly efficient in how we allocate our resources.
Cleanspark stated that it will deploy 15,000 application-specific integrated circuit (ASIC) miners at its facility in Washington, Georgia. Some of the new ASICs may be redirected to other company locations in the United States. Bitcoin miners struggled in 2022 during the “crypto winter,” but mining operations have benefited from the significant improvement in Bitcoin (BTC) prices in 2023.
Cleanspark shares are down 33.4% in the past six months but are up 68.66% year to date. Despite the takeover news, CLSK shares fell 4.78% against the US dollar in the last 24 hours of trading. At the close of Wall Street trading on February 16, 2023, CLSK ended the day at $3.39 per share Thursday afternoon Eastern Time.
What do you think about Cleanspark’s latest acquisition of 20,000 Antminers from Bitmain? Let us know what you think about this topic in the comments section below.
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