Bitcoin miner CleanSpark is increasing its mining capacity in the United States with the purchase of 20,000 new Antminer S19j Pro+ units for USD 43.6 million. The acquisition is expected to increase the company’s computing power by 37% and bring the total number of miners acquired during the bear market to 46,500 units.
According to a February 16 statement, CleanSpark will pay USD 32.3 million for the machines after applying coupons with a 25% discount or a total price per terahash (TH) of approximately USD 13.25. The Pro+ equipment is 22% more productive than its previous models and is scheduled to be delivered in batches between March and May.
The company is taking advantage of the drop in equipment prices to increase its mining capacity, while the price of Bitcoin (BTC) rebounds. According to data from Hashrate Index, the current price per TH of ASICs of the same mining efficiency as Bitcoin currently stands at USD 15.09, well below USD 90.72 12 months ago.. CleanSpark said that the Antminer S19j Pro+ model offers a better return on investment compared to the same generation ASIC machines.
“Once fully operational, they are expected to add 2.44 EH/s to CleanSpark’s 6.6 EH/s of bitcoin mining computing power (for a total of 9 EH/s), which is an increase from 37%,” the company said.
CleanSpark claims that the acquired models continue to be more attractive to its operations under current market conditions. “The S19j Pro+ provides 122 terahash per machine and saves an average of 2 joules of energy per terahash compared to the same generation S19j Pro model.”
A total of 15,000 of the new machines will be delivered to the company’s facilities in Washington, Georgia. CleanSpark announced a $16 million expansion to its facility in January, which is expected to increase its hash rate by 2.2 exahashes per second (EH/s), bringing its total hash rate to 8.7 EH/s. The company acquired the facility in August of last year, before taking over from Mawson Infrastructure Group in Sandersville.
Wow. $CLSK has purchased 20,000 Antminer S19j Pro+ units at a 25% discount, bringing the # of #bitcoin mining machines bought in the #bearmarket above 46,500.
This is expected to add 2.44 EH/s to our current #BTC #hashrate of 6.6 EH/s.
Full release: https://t.co/HfOd0UH4zK pic.twitter.com/tahKmfhi3j
— CleanSpark Inc. (@CleanSpark_Inc) February 16, 2023
Wow. $CLSK has bought 20,000 Antminer S19j Pro+ units at a 25% discount, bringing the number of #bitcoin miners bought in the bear market above 46,500.
This is expected to add 2.44 EH/s to our current #BTC #hashrate of 6.6 EH/s.
Following a difficult year in 2022 with falling Bitcoin prices and rising electricity costs, publicly traded mining companies saw mining production and hash rates rise in January, according to analysis by Hashrate Index.. CleanSpark increased its Bitcoin mining production by 50% during the month, reaching a record monthly production of 697 BTC. Its hash rate increased to 6.6 EH/s from 6.2 EH/s in December.
Other public mining companies such as Core Scientific, Riot, Marathon, and Cipher have seen significant increases in Bitcoin production in the past month, helped by stable electricity prices and better weather conditions in the United States.
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