Bitcoin Miner Cleanspark Acquires 3,853 Bitmain-Made BTC Mining Rigs for $5.9 Million

On Nov. 1, 2022, the bitcoin miner Cleanspark revealed it acquired 3,853 Bitmain-brand Antminer S19J Pro mining rigs for $5.9 million. According to Cleanspark, the institution has purchased 26,500 bitcoin mining machines since the crypto wintertime started successful June.

Cleanspark Purchases 3,853 Antminer S19J Pro Units astatine $15.50 per Terahash

After the bitcoin (BTC) mining institution Cleanspark (Nasdaq: CLSK) said its full hashrate exceeded 5 exahash per 2nd (EH/s), the steadfast explained it would rise its year-end goals to 5.5 EH/s by the year’s end. A week later, Cleanspark disclosed that the bitcoin mining steadfast has acquired a caller batch of mining rigs for $5.9 cardinal oregon $15.50 per terahash. The bitcoin mining institution purchased a full of 3,853 Antminer S19J Pro units, a mining rig that produces astir 96 terahash per 2nd (TH/s) per machine.

“This astir caller acquisition demonstrates however CleanSpark continues to execute successful distressed markets,” the CEO of Cleanspark, Zach Bradford, said connected Tuesday. “Our unwavering absorption connected sustainability has provided america with a beardown equilibrium expanse and operating strategy that has allowed america to get machines astatine unthinkable prices, turn our hashrate, and summation our regular bitcoin accumulation successful anticipation of marketplace conditions improving implicit the adjacent respective months.”

Cleanspark says that astatine the commencement of the carnivore marketplace successful June, it was capable to get a full of 26,500 mining rigs. Today, the institution has a full of 4 operational sites and astir 50,000 mining rigs operating. With the 50K machines, the institution has tapped “a regular accumulation precocious of 19.2 bitcoin.” The company’s caller moves during the crypto wintertime travel astatine a clip erstwhile bitcoin miners are feeling utmost symptom arsenic Bitcoin’s hash terms reached an all-time low successful October.

For instance, a filing with the U.S. Securities and Exchange Commission (SEC), filed connected Oct. 26, 2022, shows that Core Scientific has been discussing the anticipation of restructuring. Core Scientific’s shares were downgraded aft the SEC filing hinted astatine a imaginable bankruptcy. In summation to the troubled Core Scientific, Chapter 11 bankruptcy extortion filings published connected Sept. 22, person shown Compute North is besides dealing with fiscal issues.

After surpassing 5 EH/s and noting that it plans to up its hashpower by 10%, Cleanspark elaborate connected Tuesday that it expects to conscionable the company’s 2023 year-end goals arsenic it aims to get 22.4 EH/s.

What bash you deliberation astir Cleanspark purchasing 3,853 Antminer S19J Pro units for $5.9 million? Let america cognize what you deliberation astir this taxable successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.