Cleanspark, a Nevada-based vitality know-how and clear bitcoin mining agency, has introduced the acquisition of 4,500 Bitmain-brand Antminer S19 bitcoin mining rigs. The corporate says the mining gadgets have been bought by leveraging a portion of the corporate’s bitcoin holdings.
Cleanspark Purchases 4,500 ASIC Mining Rigs From Chinese language Producer Bitmain
The publicly-listed bitcoin mining agency Cleanspark (Nasdaq: CLSK) introduced on Tuesday that the corporate has bought 4,500 S19 bitcoin mining rigs from Bitmain. The rigs are anticipated to start out the supply course of by subsequent month and the items have been “partially funded by means of a portion of the corporate’s BTC holdings.” The corporate estimates that the machines will enhance hashrate by 450 PH/s or 0.45 exahash (EH/s), which is equal to Cleanspark’s present capability.
Cleanspark’s acquisition of 4,500 bitcoin miners follows different main purchases of bitcoin mining machines by large-scale operations this yr. As an illustration, on the finish of August, Genesis Digital Belongings bought 20,000 bitcoin miners from Canaan. Through the first week of August, Marathon purchased 30,000 bitcoin mining rigs from Bitmain. Foundry US has been partnering with numerous operations and has elevated in capability a terrific deal. On the finish of December 2020, Cleanspark acquired the U.S. bitcoin miner ATL Knowledge Facilities for $19.4 million.
Firm Expects to Have Extra Than 24K Bitcoin Miners in Subsequent 12 Months, Cleanspark Acquires Georgia Datacenter
Cleanspark expects to extend its present provide of 10,000 miners. The variety of miners scheduled for supply is 24,580 “over the subsequent 12 months.” Along with ATL Knowledge Facilities, Cleanspark additionally purchased a former Dash/Nextel datacenter in Norcross, Georgia, and the brand new mining facility will leverage Georgia’s Easy Photo voltaic program. Zach Bradford, the CEO of the bitcoin mining and vitality know-how agency headquartered in Nevada, says the transfer to buy the brand new miners was a “acutely aware effort.”
“By making a acutely aware effort to reinvest in extra manufacturing, we’re taking a market-based method to our mining operations and maximizing worth for our shareholders,” Bradford stated in an announcement despatched to Bitcoin.com Information. “We perceive that utilizing our bitcoin to assist our operations and enlargement is a paradigm shift for the digital foreign money mining trade in North America.”
Not solely does Cleanspark have a holding technique, it additionally believes that “the worth of digital currencies similar to bitcoin stems from their usefulness as a medium of trade.” Basically, through the use of the funds to amass extra bitcoin mining rigs, a portion of its mined bitcoins goes again into circulation.
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