The public mining company purchased 45,000 Antminer S19 XP miners in line with its goal of reaching 16 EH/s by the end of the year.
Clean Spark Inc., a public Bitcoin mining company, has announced the purchase of 45,000 new units of Antminer S19 XP bitcoin mining machines, at a cost of $144.9 million. The company expects the manufacturer to deliver all units by the end of September, with a 95% increase in computing power once implemented, according to a press release sent to Bitcoin Magazine.
CleanSpark has approximately 15.9 EH/s of machines available or under contract for delivery this year, nearing its year-end guidance of 16 EH/s. The company will deploy all of the units purchased at its bitcoin mining facility in Sandersville, Georgia, which is currently undergoing a planned 150 MW expansion. The machines will be deployed in multiple batches as they arrive on site and new rack space becomes available, with all machines expected to be fully operational before the end of the year.
Zach Bradford, CEO of CleanSpark, stated: “As the bitcoin halving approaches, our focus on operational efficiency, our technical expertise and our treasury management strategy will play a crucial role in consolidating the position of CleanSpark among the top bitcoin mining companies in the United States. .” Gary Vecchiarelli, CFO of CleanSpark, added: “Securing XP at these prices means we have one less variable in our capex equation and puts us on track to achieve our year-end guidance of 16 EH/s.” .
According to the press release, CleanSpark predominantly mines bitcoin with low-carbon energy sources, which account for more than 90% of its energy mix, and the company follows what it describes as a “balanced capital management strategy” by selling part of your mined bitcoin. reinvest in growth.
This most recent mining purchase follows a purchase of 20,000 machines announced in February, with those machines fully paid for and in the process of being delivered to the company’s Washington facility. They are expected to go live later this quarter, according to the press release, adding an additional 2.44 EH/s of machines to CleanSpark’s operational hashrate.
