On April 11, US Bitcoin (BTC) miner CleanSpark announced the purchase of 45,000 Antminer S19 XP application-specific integrated circuit (ASIC) mining rigs for $144.9 million. CleanSpark claims that all units will be ready for delivery by Antminer before the end of September. The purchase is expected to add 6.3 exahash per second (EH/s) of mining power to its rig, which currently has a capacity of 6.7 EH/s.
After the purchase, it is estimated that the hash rate of the company will represent 3.8% of the entire Bitcoin network. Zach Bradford, CEO of CleanSpark, commented:
“The Antminer S19 XP is the most energy efficient bitcoin mining machine available on the market today, and a key component in our ongoing work to build some of the most efficient bitcoin mining facilities in the country.”
25,000 of the 45,000 ASICs will be delivered in August, while the remaining 20,000 units are expected to be ready in September.. CleanSpark says it plans to deploy all the units it purchased at its Bitcoin mining facility in Sandersville, Georgia, which is currently undergoing a 150-megawatt power expansion.
“This bear market has continued to provide us with opportunities to maximize ROI, including the opportunity to purchase the best miner in the industry at an industry leading price.”
CleanSpark has set itself a goal of reaching 16 EH/s in hash rate by the end of 2023. In February, the company purchased 20,000 ASICs scheduled to operate this quarter. CleanSpark claims that more than 90% of its mining electricity comes from “low carbon energy sources.” At the end of last year, the company had $486.8 million in total assets and $59.8 million in total liabilities.
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