CleanSpark Buys 20000 New Bitcoin Miners to Boost

blockchain.news:

CleanSpark, a Bitcoin miner, is expanding its mining capacity in the United States by purchasing 20,000 additional Antminer S19j Pro+ machines for a total cost of $43.6 million. It is anticipated that the acquisition would increase the processing capacity of the firm by 37%. Additionally, the transaction will bring the total number of miners acquired during the bear market up to 46,500 units.

After applying coupons for a discount of 25%, CleanSpark will pay $32.3 million for the machines. This comes out to a total price per terahash (TH) of around $13.25, as stated in a statement released on February 16th. It is anticipated that the Pro+ rigs would be delivered in batches between the months of March and May, and they are 22% more productive than their prior versions.

The firm is increasing its mining capacity by taking advantage of the market's decreasing rig pricing in order to do so while the price of Bitcoin (BTC) is on the rise. According to information provided by Hashrate Index, the price per TH of ASICs with the same Bitcoin mining effectiveness is presently at $15.09, which is a significant drop from the price of $90.72 that was witnessed one year ago. In comparison to other computers of the same ASIC generation, the Antminer S19j Pro+ model, according to CleanSpark, provides a higher return on investment.

According to the business, «Once they are fully operational, it is projected that they will add 2.44 EH/s to CleanSpark's current 6.6 EH/s of bitcoin mining processing capacity (for a total of 9 EH/s),» which would represent an increase of 37%.

CleanSpark asserts that the acquired models continue to be more appealing to its operations in the present market circumstances and that this trend will likely