On Nov. 1, 2022, the bitcoin miner Cleanspark revealed it acquired 3,853 Bitmain-brand Antminer S19J Pro mining rigs for $5.9 million. According to Cleanspark, the corporate has bought 26,500 bitcoin mining machines for the reason that crypto winter began in June.
Cleanspark Purchases 3,853 Antminer S19J Pro Units at $15.50 per Terahash
After the bitcoin (BTC) mining firm Cleanspark (Nasdaq: CLSK) stated its whole hashrate exceeded 5 exahash per second (EH/s), the agency defined it might elevate its year-end targets to five.5 EH/s by the 12 months’s finish. Per week later, Cleanspark disclosed that the bitcoin mining agency has acquired a brand new batch of mining rigs for $5.9 million or $15.50 per terahash. The bitcoin mining firm bought a complete of 3,853 Antminer S19J Pro models, a mining rig that produces roughly 96 terahash per second (TH/s) per machine.
“This most recent purchase demonstrates how CleanSpark continues to execute in distressed markets,” the CEO of Cleanspark, Zach Bradford, stated on Tuesday. “Our unwavering focus on sustainability has provided us with a strong balance sheet and operating strategy that has allowed us to acquire machines at incredible prices, grow our hashrate, and increase our daily bitcoin production in anticipation of market conditions improving over the next several months.”
Cleanspark says that at first of the bear market in June, it was in a position to purchase a complete of 26,500 mining rigs. Today, the corporate has a complete of 4 operational websites and about 50,000 mining rigs working. With the 50K machines, the corporate has tapped “a daily production high of 19.2 bitcoin.” The firm’s current strikes throughout the crypto winter come at a time when bitcoin miners are feeling excessive ache as Bitcoin’s hash value reached an all-time low in October.
For occasion, a submitting with the U.S. Securities and Exchange Commission (SEC), filed on Oct. 26, 2022, reveals that Core Scientific has been discussing the potential for restructuring. Core Scientific’s shares had been downgraded after the SEC submitting hinted at a potential chapter. In addition to the troubled Core Scientific, Chapter 11 chapter safety filings revealed on Sept. 22, have proven Compute North can be coping with monetary points.
After surpassing 5 EH/s and noting that it plans to up its hashpower by 10%, Cleanspark detailed on Tuesday that it expects to fulfill the corporate’s 2023 year-end targets because it goals to acquire 22.4 EH/s.
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