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

CleanSpark (CLSK) has purchased different 12,500 bitcoin mining rigs for $40.5 million, the latest successful a bid of purchases during the marketplace slump, according to a Thursday property release.

The machines volition adhd 1.76 exahash/second (EH/s) of computing power, oregon hashrate, to CleanSpark's operations, bringing them person to their people of 16 EH/s for the extremity of 2023. As of the extremity of April, the firm's hashrate stood astatine 6.7 EH/s.

The archetypal 6,000 Bitmain Antminer S19 XP machines volition beryllium shipped by the shaper successful June, and the remainder successful August, the property merchandise said.

CleanSpark has been buying assets from distressed miners during the crypto carnivore marketplace that has seen a fig large mining firms state bankruptcy oregon different restructure. In April, for instance, the miner purchased 45,000 Antminer S19 XPs – capable to treble its hashrate – and successful February, it acquired 20,000 rigs astatine a 25% discount.

The machines were bought astatine a terms of $23 per terahash (TH) versus a marketplace complaint of $23.27/TH for models with ratio nether 25 J/TH connected May 31, according to mining services steadfast Luxor Technologies. The S19 XPs purchased by CleanSpark, however, person an ratio of 21.5 J/TH, making the marketplace terms apt higher than what Luxor is quoting. Compass Mining lists a terms of $37/TH for the model.

CORRECTION (June 1, 14:00 UTC): Clarifies information from Luxor Technologies connected instrumentality prices, adds information constituent from Compass.