Cleanspark Purchases 45,000 Bitcoin Mining Devices, Adding 6.3 EH/s to Current Fleet

Cleanspark Purchases 45,000 Bitcoin Mining Devices, Adding 6.3 EH/s to Current Fleet

On Tuesday, the bitcoin mining company Cleanspark announced that it had purchased 45,000 Antminer S19 XP bitcoin mining devices for a total price of $144.9 million. Cleanspark stated that the new fleet would add 6.3 exahash per second (EH/s) of computational power to the company’s current 6.7 EH/s. Cleanspark Acquires 45,000 Bitmain Antminers for $144.9 Million

This year, bitcoin mining firms are once again making large purchases of application-specific integrated circuit (ASIC) bitcoin mining rigs after taking a brief break in 2022. On Tuesday, April 11, 2023, the bitcoin mining firm Cleanspark announced that it had purchased 45,000 new Antminer S19 XP machines from the leading ASIC manufacturer, Bitmain. The first delivery of 25,000 ASICs will take place in August, and the remaining 20,000 will be delivered in September.

Cleanspark detailed that all of the new miners would be delivered to the company’s mining facility in Sandersville, Georgia. The site, located in Georgia, is currently in the midst of a 150-megawatt (MW) expansion. Cleanspark further noted that the new miners would add 6.3 EH/s to the firm’s current fleet, which boasts 6.7 EH/s of computational power, and all the new devices are expected to be fully operational by the end of 2023.

“As bitcoin’s halving draws closer, our focus on operational efficiency, our technical expertise, and our treasury management strategy, will all play a crucial role in solidifying Cleanspark’s position among the top bitcoin mining companies in America,” Zach Bradford, the CEO of Cleanspark said in a statement sent to Bitcoin.com News. “This bear market,” Bradford added, “has continued to provide us with opportunities to maximize ROI including the opportunity to purchase the industry’s best miner at an industry-leading price.”

Bitcoin miners had a difficult year in 2022, and 2023 has proven to be a different story so far. Presently, bitcoin (BTC) prices have risen more than 80% higher since the last day of 2022. Bitcoin’s global hashrate has, in turn, jumped higher, surpassing the 400 EH/s range this year, while the network’s difficulty has also reached all-time highs. Cleanspark’s latest acquisition of 45,000 ASIC bitcoin miners follows the company’s purchase of 20,000 Bitmain mining rigs in mid-February. At the time, Cleanspark said it leveraged Bitmain coupons that saved the firm millions. Tags in this story Antminer S19 XP, ASIC, Bear Market, Bitcoin, Bitcoin mining, bitcoin prices, Bitmain, Blockchain, BTC Mining, Cleanspark, competition, computational power, Cryptocurrency, Decentralized, Digital Assets, Energy Consumption, Finance, Georgia, Global Hashrate, Halving, industry-leading price, investment, Market Trends, mining bitcoin, Mining BTC, mining centralization, mining fleet, Mining Industry, mining rigs, network difficulty, operational efficiency, Profitability, Renewable Energy, RoI, Sandersville, sustainability, technology, top bitcoin mining companies, treasury management

What do you think about Cleanspark’s latest purchase of 45,000 ASIC Bitcoin miners? Let us know what you think about this subject in the comments section below. Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports MINING | 3 days ago Bitcoin Difficulty Reaches New All-Time High After Fourth Consecutive Increase MINING | 5 days ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleNFT Tallinn Announces Its Return as the Biggest Web3 Conference in May 2023 Next articleChina’s Inflation Rate Drops to Lowest in 18 Months Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItCentral Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments Survey: Adoption in Argentina Grows, With 12 out of 100 Adults Having Invested in Crypto Terra"s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin