According to a press release Thursday, CleanSpark (CLSK) has bought another 12,500 Bitcoin mining rigs for $40.5 million, the latest in a string of purchases during the market downturn.
The machines will add 1.76 exahashes/second (EH/s) of processing power, or hashrate, to CleanSpark’s operations, bringing it closer to its goal of 16 EH/s by the end of 2023. Status at the end of April The hash rate was 6.7 EH/s.
The first 6,000 Bitmain Antminer S19 XP machines will be shipped by the manufacturer in June, with the rest in August, the press release said.
CleanSpark has been buying up assets from distressed miners during the crypto bear market, when several large mining companies filed for bankruptcy or otherwise restructured. For example, in April the miner bought 45,000 Antminer S19 XPs – enough to double its hash rate – and in February it bought 20,000 rigs at a 25% discount.
However, the discount on the purchase announced today is almost non-existent. According to mining services company Luxor Technologies, the machines were purchased at a price of $23 per terahash (TH), compared to a market price of $23.27 on May 31.
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