On Nov. 1, 2022, the bitcoin miner Cleanspark revealed it acquired 3,853 Bitmain-brand Antminer S19J Professional mining rigs for $5.9 million. Based on Cleanspark, the corporate has bought 26,500 bitcoin mining machines for the reason that crypto winter began in June.
After the bitcoin (BTC) mining firm Cleanspark (Nasdaq: CLSK) stated its whole hashrate exceeded 5 exahash per second (EH/s), the agency defined it will 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 three,853 Antminer S19J Professional items, 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 give attention to sustainability has supplied us with a powerful stability sheet and working technique that has allowed us to amass machines at unimaginable costs, develop our hashrate, and enhance our each day bitcoin manufacturing in anticipation of market situations bettering over the following a number of months.”
Cleanspark says that in the beginning of the bear market in June, it was in a position to purchase a complete of 26,500 mining rigs. At present, 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 each day manufacturing excessive of 19.2 bitcoin.” The corporate’s current strikes through the crypto winter come at a time when bitcoin miners are feeling excessive ache as Bitcoin’s hash worth reached an all-time low in October.
For example, a submitting with the U.S. Securities and Alternate Fee (SEC), filed on Oct. 26, 2022, exhibits that Core Scientific has been discussing the potential for restructuring. Core Scientific’s shares had been downgraded after the SEC submitting hinted at a attainable chapter. Along with 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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