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

On Nov. 1, 2022, the bitcoin miner Cleanspark revealed it acquired 3,853 Bitmain-brand Antminer S19J Professional mining rigs for $5.9 million. In line with Cleanspark, the corporate has bought 26,500 bitcoin mining machines because the crypto winter began in June.

Cleanspark Purchases 3,853 Antminer S19J Professional Models at $15.50 per Terahash

After the bitcoin (BTC) mining firm Cleanspark (Nasdaq: CLSK) mentioned its complete 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 yr’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, mentioned on Tuesday. “Our unwavering concentrate on sustainability has supplied us with a powerful steadiness sheet and working technique that has allowed us to amass machines at unbelievable costs, develop our hashrate, and enhance our each day bitcoin manufacturing in anticipation of market circumstances enhancing over the following a number of months.”

Cleanspark says that at first of the bear market in June, it was in a position to purchase a complete of 26,500 mining rigs. Immediately, 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 latest strikes in the course of 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.

As an example, a submitting with the U.S. Securities and Trade Fee (SEC), filed on Oct. 26, 2022, reveals that Core Scientific has been discussing the potential of restructuring. Core Scientific’s shares had been downgraded after the SEC submitting hinted at a doable chapter. Along with the troubled Core Scientific, Chapter 11 chapter safety filings printed 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 satisfy the corporate’s 2023 year-end targets because it goals to acquire 22.4 EH/s.

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Jamie Redman

Jamie Redman is the Information Lead at Information and a monetary tech journalist dwelling in Florida. Redman has been an energetic member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 6,000 articles for Information in regards to the disruptive protocols rising right this moment.

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