Cleanspark Increases Bitcoin Mining Capacity by Acquiring 20,000 Bitmain Rigs – Mining Bitcoin news
The Bitcoin miningOperation Cleanspark has acquired 20,000 brand 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 exahash per second (EH/s) to the company’s fleet.
Cleanspark CEO Says Proprietary Mining Model Gives Companies More Control and Efficiency
Cleanspark, the publicly traded bitcoin mining company (Nasdaq: CLSK), has announced that it has acquired 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 billing.
The Bitcoin-Miner said the mining machines are expected to 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 of processing power, resulting in a total of 9 EH/s of SHA256 hash power for the bitcoin miner.
“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 posted to Bitcoin.com News was sent. “Once the machines are delivered to us, we’ll have Rackspace waiting for them at one of our locations.”
The Cleanspark manager added:
This is the advantage of proprietary mining or the “prop mining” model. We exercise tremendous control over our infrastructure and therefore our ability to allocate our resources in the most efficient manner.
Cleanspark announced that it will deploy 15,000 application-specific integrated circuit (ASIC) miners at its Washington, Georgia facility. Some of the new ASICs may be relocated to other company locations in the United States. Bitcoin miners had a rough time during the “crypto winter” of 2022, but mining operations have benefited from the significant improvement in Bitcoin (BTC) prices in 2023.
Cleanspark’s shares are down 33.4% over 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. At the close on Wall Street on February 16, 2023, CLSK ended the day at $3.39 per share on Thursday afternoon Eastern time.
What are your thoughts on Cleanspark’s recent acquisition of 20,000 Bitmain Antminers? Let us know what you think about this topic in the comment section below.
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