Cleanspark Acquires 4.4 EH/s of Bitmain’s New S21 Antminers; Readies for Bitcoin Reward Halving

In a disclosure on Wednesday, bitcoin mining entity Cleanspark has reserved 4.4 exahash per second (EH/s) of Bitmain’s newest S21 Antminers. The mining firm, acknowledged on the general public market, detailed that the consignment is valued at roughly $61.6 million, translating to $14 for every terahash per second (TH/s).

Cleanspark Amplifies Mining Capabilities, Snags 4.4 EH/s of Bitmain’s S21 Antminers

Cleanspark (Nasdaq: CLSK), a U.S.-based bitcoin mining agency, divulged its procurement of 4.4 EH/s of the contemporary S21 miners from mining tools titan Bitmain. Though the specifics weren’t overtly shared, the dispatch signifies that the Bitmain S21 Antminers boast an effectivity quotient of 17.5 joules per terahash (J/TH), suggesting the acquisition seemingly concerned the air-cooled S21 models.

These air-cooled S21 fashions yield 200 TH/s every, necessitating 22,000 items for the corporate to hit the 4.4 EH/s mark. The apparatuses maintain a cumulative value of $61.6 million, as per Cleanspark.

Bitmain is fronting the capital for the residual 20%, with the steadiness postponed till a yr post-delivery, indicating an upfront disbursement of $11.2 per TH/s. The announcement underscores that shipments are slated to kick off in January 2024.

This acquisition by Cleanspark comes on the heels of Iris Energy securing 1.4 EH/s of Bitmain’s S21 {hardware} for $19.6 million. Bitcoin mining conglomerates are bracing for the impending reward halving, a mere 196 days out, and enhancing the joules per terahash ratio is essential for augmenting income streams.

“Integrating the S21 into our mining operations is in line with our commitment to using the most efficient mining technology,” Zach Bradford, CEO of Cleanspark, defined on Wednesday.

What do you consider Cleanspark buying 4.4 EH/s of Bitmain’s new S21 miners? Share your ideas and opinions about this topic within the feedback part under.