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Bitcoin Miner Cleanspark Acquires 3,853 Bitmain-Made BTC Mining Rigs for $5.9 Million

November 1, 2022
in Mining
Reading Time: 3 mins read
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Bitcoin Miner Cleanspark Acquires 3,853 Bitmain BTC Mining Rigs for $5.9 Million

AlsoRead:

Craig Wright loses U.K. case as judge rules Bitcoin file format can’t be copyrighted

122% Rise in 10 Days

On Nov. 1, 2022, the bitcoin miner Cleanspark uncovered it got 3,853 Bitmain-brand Antminer S19J Pro exploration gears for $5.9 thousand. Depending on to Cleanspark, the firm has actually acquired 26,500 bitcoin exploration makers because the crypto winter season began in June.

Cleanspark Acquisitions 3,853 Antminer S19J Pro Systems at $15.50 every Terahash

After the bitcoin (BTC) exploration firm Cleanspark (Nasdaq: CLSK) mentioned its own complete hashrate went over 5 exahash every 2nd (EH/s), the organization detailed it would certainly elevate its own year-end targets to 5.5 EH/s due to the year’s point. A full week later on, Cleanspark divulged that the bitcoin exploration organization has actually obtained a brand new set of exploration gears for $5.9 thousand or even $15.50 every terahash. The bitcoin exploration firm acquired a total amount of 3,853 Antminer S19J Pro systems, an exploration gear that makes approximately 96 terahash every 2nd (TH/s) every maker.

” This recent acquisition illustrates exactly how CleanSpark remains to implement in affected markets,” the chief executive officer of Cleanspark, Zach Bradford, mentioned on Tuesday. “Our steadfast pay attention to durability has actually delivered our team along with a powerful annual report and also operating approach that has actually enabled our team to get makers at astonishing rates, develop our hashrate, and also raise our day-to-day bitcoin manufacturing in expectancy of market health conditions enhancing over the following numerous months.”

Cleanspark mentions that at the beginning of the bearishness in June, it managed to get a total amount of 26,500 exploration gears. Today, the firm possesses a total amount of 4 functional internet sites and also concerning 50,000 exploration gears functioning. Along with the 50K makers, the firm has actually touched “a regular manufacturing high of 19.2 bitcoin.” The firm’s latest actions during the course of the crypto winter season come with an opportunity when bitcoin miners are actually experiencing severe ache as Bitcoin’s hash rate got to a lowest level in Oct.

For example, a submission along with the united state Stocks and also Swap Percentage (SEC), submitted on Oct. 26, 2022, reveals that Center Scientific has actually been actually explaining the opportunity of rebuilding. Center Scientific’s reveals were actually reduced after the SEC submitting meant a feasible personal bankruptcy. Along with the distressed Center Scientific, Chapter 11 bankruptcy protection filings released on Sept. 22, have actually presented Compute North is actually additionally coping with monetary concerns.

After going beyond 5 EH/s and also taking note that it organizes to up its own hashpower through 10%, Cleanspark specified on Tuesday that it assumes to satisfy the firm’s 2023 year-end targets as it intends to get 22.4 EH/s.

What perform you consider Cleanspark buying 3,853 Antminer S19J Pro systems for $5.9 thousand? Permit our team recognize what you consider this target in the remarks area listed below.

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Tags: 240 EH/sARBKFBitcoinBitcoin (BTC)Bitcoin miningBTC MiningCEO of CleansparkCLSKCORZcrypto downturnCrypto WinterDMGGFglassnodeMARAMining BitcoinMining BTCmining companyMining Industryonchain market intelligence companypublicly-listed mining companiesrevenue per exahashRiottrendZach Bradford
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