Mining Bitcoin News: Bitcoin Mining Company Cleanspark Buys 10,000 Bitmain Miners for $28 Million

Cleanspark, a firm that mines bitcoin, announced on Wednesday that it has inked a purchase deal for 10,000 new Bitmain Antminer S19j Pro mining machines at a cost of $28 million. Cleanspark anticipates that the machines will be delivered to the company’s facilities somewhere between the end of October and the beginning of November 2022.

Cleanspark, a firm that mines bitcoin, announced on Wednesday that it has inked a purchase deal for 10,000 new Bitmain Antminer S19j Pro mining machines at a cost of $28 million. Cleanspark anticipates that the machines will be delivered to the company’s facilities somewhere between the end of October and the beginning of November 2022.

Cleanspark Signs Partnership Agreement with Cryptech Solutions and Acquires 10,000 New Antminers

Bitcoin miner Cleanspark (Nasdaq: CLSK) has disclosed that it has signed an agreement with Cryptech Solutions to purchase 10,000 Bitmain Antminer S19j Pro bitcoin mining rigs. This news was made public by the company. The announcement comes after Cleanspark achieved a record daily production high of 13.25 Bitcoin and a hash rate of more than 3 exahashes per second (EH/s). Matt Schultz, who was serving as executive chairman of Cleanspark at the time, made the remark that the organization was ready for the crypto winter.[rb_related title=”More Read” style=”light” total=”4″]

Cleanspark stated in a press release that was given to Bitcoin.com News that the 10,000 new bitcoin miners that were manufactured by Bitmain should be delivered to the company’s mining campuses in around two months. The publicly-traded bitcoin mining operation paid “$28 million, after credits and discounts,” to acquire the new mining machines. The CEO of Cleanspark, Zach Bradford, stated that the company has been focused on expanding the firm’s mining infrastructure.

According to Bradford’s explanation, “during the final stages of the bull market the previous year, we intentionally focused on constructing infrastructure as opposed to following the then-prevailing industry trend of pre-ordering equipment several months in advance.” The CEO went on to say that because of this strategy, “we were in a position to make purchases of landed rigs at much cheaper costs. This reduced the amount of time that passed between the deployment of cash and the beginning of hashing, which accelerated our return on investment.” At the time of this writing, the hashrate of Bitcoin was cruising along at 227.99 exahash per second (EH/s), which is equivalent to 227,990,154,305,221,200,000 hashes per second (H/s). According to the information provided by Cleanspark, the company has more than 37,000 bitcoin mining equipment that collectively produce a hashrate of approximately 3.8 exahash per second (EH/s). At the rate of 3.8 EH/s, the company accounts for 1.66% of the total global hashpower. Furthermore, according to Cleanspark, the company has reached a production peak of 14.9 bitcoin per day.