Cleanspark Boosts Bitcoin Mining Capacity With Acquisition of 20,000 Bitmain Rigs

Bitcoin mining company Cleanspark has acquired 20,000 brand new Bitmain mining rigs for $43.6 million, according to the company. Once installed, Cleanspark expects to increase its capacity by 37%, adding approximately 2.44 exahashes per second (EH/s) to the firm’s fleet.

Cleanspark CEO Says Proprietary Mining Model Gives Company Greater Control and Efficiency

pure sparkpublic bitcoin mining company (Nasdaq: CLSC), announced the acquisition of 20,000 Antminer S19j Pro+ units for $43.6 million. The company said it used coupons that saved it 25%, bringing the total price down to $32.3 million at settlement.

Bitcoin mining company Cleanspark has acquired 20,000 brand new Bitmain mining rigs for $43.6 million, according to the company.
Cleanspark plans to send 15,000 Application Specific Integrated Circuit (ASIC) miners to its mining center in Washington, Georgia.

The bitcoin miner said that the mining machines should be delivered by the end of May. Once fully operational, they will add 2.44 EH/s to Cleanspark’s current 6.6 EH/s computing power, bringing the bitcoin mining company’s total SHA256 hash power to 9 EH/s.

“Building and owning our own mining campuses in multiple locations gives us a level of flexibility and reliability that cannot be achieved otherwise,” Zack Bradford, CEO of Cleanspark, said in a statement sent to News. “Once the cars are delivered to us, we will have a place to wait for them at one of our facilities.”

Cleanspark CEO added:

This is the advantage of proprietary mining or “prop mining” model. We exercise tremendous control over our infrastructure and therefore our ability to be highly efficient in how we allocate our resources.

Cleanspark said it will deploy 15,000 application specific integrated circuit (ASIC) miners at its Washington, Georgia facility. Some of the new ASICs may be redirected to other US locations. Bitcoin miners had a hard time in 2022 during the “crypto winter”, but mining operations have benefited from a significant improvement in the situation. bitcoin (BTC) prices in 2023.

Cleanspark shares have fallen 33.4% in the past six months but are up 68.66% year-to-date. Despite the acquisition news, CLSK shares are down 4.78% against the US dollar in the last 24 hours of trading. As of the close of trading on Wall Street on February 16, 2023, CLSK ended the day at $3.39 a share on Thursday afternoon ET.

What do you think of Cleanspark’s latest acquisition of 20,000 Bitmain Antminers? Let us know what you think about it in the comments section below.

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