‘Unprecedented Opportunities’ — Cleanspark Acquires 1,061 Bitcoin Miners at a ‘Discounted Price’

On Thursday, the publicly-listed bitcoin mining steadfast Cleanspark announced that it added 93 petahash per 2nd (PH/s) of hashpower to the company’s existing operations by acquiring 1,061 Whatsminer M30S bitcoin mining rigs. The latest ASIC acquisition follows Cleanspark’s caller acquisition declaration to bargain 1,800 Antminer S19 XP units for “an exceptionally discounted price.”

Cleanspark Purchases 2 Bulk Orders of ASIC Miners successful 30 Days astatine a Discount

Amid the crypto marketplace downturn, the bitcoin mining institution Cleanspark purchased 2 bulk orders of bitcoin mining machines during the past 30 days. Cleanspark, Inc. (Nasdaq: CLSK) announced connected Thursday that the institution purchased 1,061 Whatsminer M30S bitcoin mining devices. The Whatsminer M30S bid are manufactured by the institution Microbt and the 1,061 machines equate to 93 petahash per 2nd (PH/s) of hashpower.

Cleanspark elaborate that the 93 PH/s person already been added to existing operations and the machines are presently mining bitcoin (BTC) astatine the firm’s renewable-powered co-location facility. The bitcoin mining company’s CEO, Zach Bradford, explained that the steadfast is seeing “unprecedented opportunities successful this market.” According to Cleanspark, the institution managed to acquisition the Whatsminer machines astatine a overmuch little terms than what the devices were selling for a fewer months ago.

The bitcoin mining institution further noted that the 1,800 Antminer S19 XP bitcoin mining machines acquired successful mid-June were besides purchased astatine a discounted rate. “Our tried-and-true hybrid attack of co-locating our machines portion expanding our ain mining facilities puts america successful an fantabulous presumption to sustainably turn our bitcoin mining capableness successful what is shaping up to beryllium an unthinkable marketplace for builders,” Bradford remarked aft the ASIC instrumentality acquisition.

Cleanspark Says Company’s Bitcoin Production Grew by 50% successful 6 Months

With the crypto wintertime and the macroeconomic clime cutting bitcoin’s worth down, it’s rather imaginable that distressed bitcoin miners are selling ample quantities of mining devices for discounts. At the extremity of June, the co-founder of Luxor Technologies estimated that $4 cardinal successful loans backed by crypto mining rigs are highly adjacent to moving a hazard of default. Furthermore, JPMorgan’s strategists, led by Nikolaos Panigirtzoglou, published a note connected Wednesday that claims bitcoin accumulation outgo was slashed from $24K astatine the commencement of June 2022, to today’s estimation of astir $13K.

Cleanspark disclosed that the firm’s computational powerfulness has risen 47% during the past six months and the company’s bitcoin accumulation grew by 50%. “These important KPIs underscore the information that our maturation is outpacing planetary hashrate, peculiarly our quality to enactment up of web trouble adjustments. We judge that our operational strategy focused connected efficiency, up-time and execution volition let these metrics to continually improve,” Bradford added.

What bash you deliberation astir Cleanspark purchasing 1,061 ASIC miners and explaining that determination are “unprecedented opportunities” successful this carnivore market? Let america cognize your thoughts astir this taxable successful the comments conception below.