CleanSpark Announces Purchase Of 12,500 Antminer S19 XP Bitcoin Miners

11 months ago 213

The publically traded bitcoin mining institution is erstwhile again expanding its inventory of deployable miners this twelvemonth successful its quest for 16 EH/s.

The publically traded bitcoin mining institution is erstwhile again expanding its inventory of deployable miners this twelvemonth successful its quest for 16 EH/s.

CleanSpark Inc. has announced the acquisition of 12,500 Antminer S19 XP bitcoin mining machines for a full terms of $40.5 million. The machines were acquired astatine a little terms than the existent marketplace average, costing $23 per terahash, according to a property merchandise shared with Bitcoin Magazine. The acquisition statement states that 6,000 of the machines volition beryllium shipped successful June, with the remaining 6,500 acceptable for shipping successful August.

Zach Bradford, CEO of CleanSpark, expressed his assurance successful the purchase, stating, "This acquisition ensures that we are prepared to conscionable and perchance transcend our year-end people of 16 EH/s and besides positions america to beryllium 1 of the astir power-efficient miners connected an energy-per-hashrate basis." He further highlighted the optionality provided by the further machines, allowing the institution to regenerate little businesslike units if the economics enactment it.

CleanSpark reported that it has been taking vantage of discounted instrumentality purchases during the crypto carnivore market. In February, the institution acquired 20,000 Antminer S19j Pro+ units, followed by the acquisition of 45,000 Antminer S19 XP units successful April.

Gary A. Vecchiarelli, CFO astatine CleanSpark, emphasized the value of these purchases successful mentation for the upcoming bitcoin halving, stating, "the ratio of these machines besides results successful little powerfulness consumed per bitcoin mined compared to older procreation miners, which should construe to higher margins."

CleanSpark's caller purchases of bitcoin mining machines show the company's committedness to expanding their mining capableness and staying competitory successful the market. With fees from Ordinals inscriptions boosting the gross for miners, it is expected that ample players similar CleanSpark volition proceed to bolster their miner inventory.

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