The bitcoin mining company Cleanspark revealed on Tuesday it acquired 45,000 Antminer S19 XP devices for the sum of $144.9 million. This purchase will add an extra 6.3 exahash per second (EH/s) to the firm’s existing 6.7 EH/s.
Cleanspark Secures 45,000 Bitmain Mining Rigs for $144.9 Million
After taking a break in 2022, bitcoin mining companies are once again investing in application-specific integrated circuit (ASIC) bitcoin mining rigs. On Tuesday, April 11, 2023, the bitcoin mining firm Cleanspark declared it had purchased 45,000 new Antminer S19 XP machines from the leading ASIC manufacturer, Bitmain. The first shipment of 25,000 ASICs is scheduled for August, while the remaining 20,000 will be delivered in September.
All the new miners will be sent to Cleanspark’s mining facility located in Sandersville, Georgia. This site is currently in the process of a 150-megawatt (MW) expansion. Cleanspark noted that this purchase will increase its fleet to a total of 6.3 EH/s, up from the current 6.7 EH/s, and all the new devices should be fully functional by the end of 2023.
“We’re taking advantage of the bear market and its opportunities to maximize return on investment, including the chance to purchase the industry’s top miner at an industry-leading price,” said Zach Bradford, the CEO of Cleanspark, to Bitcoin.com News. “Our focus on operational efficiency, our technical expertise, and our treasury management strategy, will all be key components in securing Cleanspark’s place as one of America’s top bitcoin mining firms,” he added.
The year 2022 was challenging for bitcoin miners, but 2023 has brought a different story so far. Currently, the price of bitcoin (BTC) is over 80% higher than the last day of 2022. The global hashrate of bitcoin has jumped to surpass 400 EH/s range, and the network difficulty has reached a new all-time high. Cleanspark’s addition of 45,000 ASIC bitcoin miners follows its February purchase of 20,000 Bitmain mining rigs. The firm reported that it used Bitmain coupons to save millions.
Do you think Cleanspark’s latest ASIC purchase is a good move? Share your thoughts in the comment section below.
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