Cleanspark announced on November 1, 2022 that it purchased 3,853 Bitmain brand Antminer S19J Pro miners rigs for $5.9million. Cleanspark claims that the company purchased 26500 bitcoin mining machines in the last crypto winter.
Cleanspark Buys 3853 Antminer J19J Pro Units @ $15.50/ Terahash
After the bitcoin (BTC) mining company Cleanspark (Nasdaq: CLSK) said its total hashrate exceeded 5 exahash per second (EH/s), the firm explained it would raise its year-end goals to 5.5 EH/s by the year’s end. Cleanspark announced a week later that it had purchased a new set of bitcoin mining rigs worth $5.9million or $15.50 for each terahash. A total of 3853 Antminer S19JPro units were purchased by the bitcoin mining firm. This mining rig produces approximately 96 Terahash per Second (TH/s).
“This most recent purchase demonstrates how CleanSpark continues to execute in distressed markets,” the CEO of Cleanspark, Zach Bradford, said on Tuesday. “Our unwavering focus on sustainability has provided us with a strong balance sheet and operating strategy that has allowed us to acquire machines at incredible prices, grow our hashrate, and increase our daily bitcoin production in anticipation of market conditions improving over the next several months.”
Cleanspark claims that it acquired a total 26,500 mining equipment at the beginning of the bear markets in June. The company currently operates four locations and has approximately 50,000 rigs. With the 50K machines, the company has tapped “a daily production high of 19.2 bitcoin.” The company’s recent moves during the crypto winter come at a time when bitcoin miners are feeling extreme pain as Bitcoin’s hash price reached an all-time low in October.
According to a U.S. Securities and Exchange Commission filing, Core Scientific filed an Oct. 26th 2022 SEC filing, it appears that Core Scientific was discussing the possibility for restructuring. Core Scientific’s shares were downgraded after the SEC filing hinted at a possible bankruptcy. Compute North, which filed Chapter 11 bankruptcy protection papers on September 22nd, has also been revealed to be dealing with financial problems.
After surpassing 5 EH/s and noting that it plans to up its hashpower by 10%, Cleanspark detailed on Tuesday that it expects to meet the company’s 2023 year-end goals as it aims to obtain 22.4 EH/s.
Cleanspark purchased 3,853 Antminer Pro S19J Pro units at $5.9million. What did you think? Please comment below on your views.
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