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Bitcoin Miner CleanSpark Buys 12,500 Bitmain Machines for $40.5M

Bitcoin Miner CleanSpark Buys 12,500 Bitmain Machines for $40.5M


01 June 2023 13:16, UTC


Studying time: ~2 m

CleanSpark (CLSK) has bought one other 12,500 bitcoin mining rigs for $40.5 million, the most recent in a collection of purchases through the market stoop, in accordance with a Thursday press launch.

The machines will add 1.76 exahash/second (EH/s) of computing energy, or hashrate, to CleanSpark’s operations, bringing them nearer to their goal of 16 EH/s for the top of 2023. As of the top of April, the agency’s hashrate stood at 6.7 EH/s.

The primary 6,000 Bitmain Antminer S19 XP machines can be shipped by the producer in June, and the rest in August, the press launch stated.

CleanSpark has been shopping for belongings from distressed miners through the crypto bear market that has seen a quantity main mining corporations declare chapter or in any other case restructure. In April, for example, the miner bought 45,000 Antminer S19 XPs – sufficient to double its hashrate – and in February, it acquired 20,000 rigs at a 25% low cost.

Nevertheless, the low cost on the acquisition introduced right now is nearly non-existent. The machines have been purchased at a worth of $23 per terahash (TH) versus a market price of $23.27 on Might 31, in accordance with mining companies agency Luxor Applied sciences.

Learn extra: Bitcoin Mining Earnings Wrap: Marathon Shares Underperform After New SEC Subpoena

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