Cleanspark Bolsters Bitcoin Mining Might With 60,000 S21 Rig Acquisition From Bitmain

The bitcoin mining steadfast Cleanspark, listed connected Nasdaq, precocious revealed the acquisition of 60,000 S21 miners produced by Bitmain. Scheduled for transportation successful the adjacent quarter, this acquisition represents astir 12 exahash per 2nd (EH/s) of hashing power. Moreover, Cleanspark has secured the enactment to acquisition up to an further 100,000 S21 Antminers astatine a fixed terms of $16 per terahash.

Nasdaq-Listed Cleanspark Aggressively Expands With Massive S21 Miner Purchase

Cleanspark (Nasdaq: CLSK) disclosed its procurement of mining hardware susceptible of 12 EH/s, a transaction valued astatine $193 million. The precocious unveiled S21 bitcoin miners basal retired for their precocious hashrate output and enhanced vigor efficiency, measured successful joules per terahash (J/T). According to Cleanspark’s announcement connected Monday, the transportation of the 60,000 Antminer S21s is scheduled betwixt April and June 2024

“We are acceptable to grow into the adjacent bull market,” Zach Bradford, the CEO of Cleanspark stated.

The acquisition of 12 EH/s of hashing capableness is anticipated to elevate Cleanspark’s full accumulation beyond 20 EH/s. Additionally, Cleanspark maintains the accidental to get up to 100,000 much miners from Bitmain astatine a accordant complaint of $16 per terahash until the year’s end. Should Cleanspark workout its telephone option, its hashing capableness could emergence to 50 EH/s, marking a 400% surge from its contiguous capacity.

The institution said it chose the Antminer S21 units implicit the newer T21 models owed to the S21’s superior performance. “After receiving archetypal units, and performing real-world testing, we person determined that the S21 is much businesslike and amended suited for our operations,” Bradford clarified connected Monday. Cleanspark’s strategical determination to get caller hardware is portion of an industry-wide unreserved for cutting-edge machines successful anticipation of the forthcoming Bitcoin halving event.

Industry peers similar Hive Digital Technologies, Cipher Mining, and Iris Energy person besides ramped up their arsenal, procuring thousands of next-generation mining rigs. Last month, the bitcoin mining elephantine Riot Platforms disclosed its acquisition of 66,560 units of Microbt’s latest Whatsminer M66S models. Additionally, Riot has entered an statement akin to Cleanspark’s with Bitmain, securing a telephone enactment for an further 75 EH/s of mining instrumentality from Microbt.

Cleanspark, too, is gearing up for the impending bull marketplace and halving event. “This strategical statement enhances our operational efficiency, provides monolithic optionality, and positions america to maximize opportunities that we expect connected the horizon,” stated Bradford successful the company’s announcement.

What bash you deliberation astir Cleanspark acquiring 60,000 caller bitcoin miners from Bitmain? Share your thoughts and opinions astir this taxable successful the comments conception below