Bitcoin Mining Firm Cleanspark Purchases Mining Rigs Worth $43.6M

• According to the corporation, it was able to save 25% using discount coupons.
• The new purchase will add 2.44 EH/s to Cleanspark’s existing 6.6 EH/s of computing power.

Bitcoin mining company Cleanspark has spent $43.6 million on 20,000 Antminer S19j Pro+ machines. According to the corporation, it was able to save 25% using discount coupons, bringing the final price down to $32.3 million.

According to the bitcoin miner, shipping of the mining rigs is scheduled to conclude by the month’s end. When they are completely functional, they will add 2.44 EH/s to Cleanspark’s existing 6.6 EH/s of computing power, bringing the company’s SHA256 hashpower to 9 EH/s.

Additional 15,000 ASIC Miners

Cleanspark has announced that it would install 15,000 ASIC miners at its Washington, Georgia location. It’s possible that some of the new ASICs will be sent to the company’s other facilities in the USA. While the crypto winter of 2022 was rough for bitcoin miners, the large increase in bitcoin (BTC) prices in 2023 has helped mining businesses.

Zach Bradford, CEO of Cleanspark stated:

“Building and owning our own mining campuses at multiple locations provides us with a level of agility and reliability that cannot be achieved otherwise. As machines are delivered to us we will have rackspace waiting for them at one of our sites.”

The Cleanspark executive added:

“This is the advantage of proprietary mining or the ‘prop mining’ model. We exercise tremendous control over our infrastructure and, therefore, our ability to be highly efficient in the way we allocate our resources.”

Although the stock price of Cleanspark has dropped by 33.4% in the last six months, it has climbed by 68.66% this year. Despite the purchase announcement, CLSK stock fell 4.78 percent versus the dollar on the previous trading day.