On Tuesday, bitcoin mining company Cleanspark announced that it has purchased 45,000 Antminer S19 XP bitcoin mining devices for a total of $144.9 million Cleanspark said the new equipment will add 6.3 exahashes per second (EH/s) of computing power to the company’s current 6.7 EH/s.
Cleanspark acquired 45,000 Bitmain Antminer for $144.9 million
This year, bitcoin mining companies are again purchasing large quantities of application-specific integrated circuit (ASIC) bitcoin mining rigs after a hiatus in 2022.On Tuesday, April 11, 2023, bitcoin mining companyCleansparkacquired leading ASIC manufacturer Bitmain, announced that it has purchased 45,000 new Antminer S19 XP machines; the first delivery of 25,000 ASICs will take place in August, with the remaining 20,000 to be delivered in September.
Cleanspark detailed that all of the new mining machines will be delivered to its mining facility in Sandersville, Georgia. The Georgia-based facility is currently in the midst of a 150 megawatt (MW) expansion, and Cleanspark further stated that the new mining machines will add 6.3 EH/s to the company’s current portfolio of 6.7 EH/s of computing power, with all new devices fully operational by the end of 2023 The company stated that it plans to.
“As bitcoin’s half-life approaches, our focus on operational efficiency, technical expertise, and financial management strategy will all play a key role in solidifying Cleanspark’s position among the top bitcoin mining companies in America.” Cleanspark CEO Zach Bradford said in a statement sent to Bitcoin.com News.” This bear market,” Bradford added, “continues to offer opportunities to maximize ROI, including the opportunity to buy the best miners in the industry at the industry’s highest prices.”
Bitcoin miners had a difficult year in 2022, but 2023 is proving to be a different story so far. Currently, the price of bitcoin (BTC) has risen more than 80% higher since the last day of 2022. Bitcoin’s global hash rate has gone the other way, exceeding the 400 EH/s range this year, and network difficulty is at an all-time high. Cleanspark’s purchase of 20,000 Bitmain mining rigs in mid-February was followed by the purchase of 45,000 ASIC bitcoin miners. At the time, Cleanspark stated that it had saved millions of dollars by taking advantage of Bitmain coupons.
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