On Nov. 1, 2022, the bitcoin miner Cleanspark revealed it acquired 3,853 Bitmain-brand Antminer S19J Professional mining rigs for $5.9 million. In line with Cleanspark, the corporate has bought 26,500 bitcoin mining machines because the crypto winter began in June.
Cleanspark Purchases 3,853 Antminer S19J Professional Items at $15.50 per Terahash
After the bitcoin (BTC) mining firm Cleanspark (Nasdaq: CLSK) stated its complete 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 yr’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 three,853 Antminer S19J Professional models, a mining rig that produces roughly 96 terahash per second (TH/s) per machine.
“This most up-to-date buy demonstrates how CleanSpark continues to execute in distressed markets,” the CEO of Cleanspark, Zach Bradford, stated on Tuesday. “Our unwavering deal with sustainability has supplied us with a powerful stability sheet and working technique that has allowed us to amass machines at unbelievable costs, develop our hashrate, and enhance our each day bitcoin manufacturing in anticipation of market situations enhancing over the following a number of months.”
Cleanspark says that at the beginning of the bear market in June, it was capable of purchase a complete of 26,500 mining rigs. At this time, the corporate has a complete of 4 operational websites and about 50,000 mining rigs working. With the 50Ok machines, the corporate has tapped “a each day manufacturing excessive of 19.2 bitcoin.” The corporate’s latest 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.
As an illustration, a submitting with the U.S. Securities and Change Fee (SEC), filed on Oct. 26, 2022, reveals that Core Scientific has been discussing the potential of restructuring. Core Scientific’s shares have been downgraded after the SEC submitting hinted at a potential chapter. Along with the troubled Core Scientific, Chapter 11 chapter safety filings printed on Sept. 22, have proven Compute North can also 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.four EH/s.
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