Cleanspark Bolsters Bitcoin Mining Might With 60,000 S21 Rig Acquisition From Bitmain

The bitcoin mining agency Cleanspark, listed on Nasdaq, lately revealed the acquisition of 60,000 S21 miners produced by Bitmain. Scheduled for supply within the subsequent quarter, this buy represents roughly 12 exahash per second (EH/s) of hashing energy. Moreover, Cleanspark has secured the choice to buy as much as an extra 100,000 S21 Antminers at a set value of $16 per terahash.

Nasdaq-Listed Cleanspark Aggressively Expands With Massive S21 Miner Purchase

Cleanspark (Nasdaq: CLSK) disclosed its procurement of mining {hardware} able to 12 EH/s, a transaction valued at $193 million. The lately unveiled S21 bitcoin miners stand out for his or her excessive hashrate output and enhanced power effectivity, measured in joules per terahash (J/T). According to Cleanspark’s announcement on Monday, the supply of the 60,000 Antminer S21s is scheduled between April and June 2024

“We are ready to expand into the next bull market,” Zach Bradford, the CEO of Cleanspark acknowledged.

The acquisition of 12 EH/s of hashing capability is anticipated to raise Cleanspark’s complete manufacturing past 20 EH/s. Additionally, Cleanspark maintains the chance to accumulate as much as 100,000 extra miners from Bitmain at a constant price of $16 per terahash till the 12 months’s finish. Should Cleanspark train its name possibility, its hashing capability might rise to 50 EH/s, marking a 400% surge from its current capability.

The firm stated it selected the Antminer S21 models over the newer T21 models because of the S21’s superior efficiency. “After receiving initial units, and performing real-world testing, we have determined that the S21 is more efficient and better suited for our operations,” Bradford clarified on Monday. Cleanspark’s strategic transfer to accumulate new {hardware} is a part of an industry-wide rush for cutting-edge machines in anticipation of the forthcoming Bitcoin halving event.

Industry friends like Hive Digital Technologies, Cipher Mining, and Iris Energy have additionally ramped up their arsenal, procuring hundreds of next-generation mining rigs. Last month, the bitcoin mining large Riot Platforms disclosed its acquisition of 66,560 models of Microbt’s newest Whatsminer M66S fashions. Additionally, Riot has entered an settlement much like Cleanspark’s with Bitmain, securing a name possibility for an extra 75 EH/s of mining tools from Microbt.

Cleanspark, too, is gearing up for the approaching bull market and halving occasion. “This strategic agreement enhances our operational efficiency, provides massive optionality, and positions us to maximize opportunities that we expect on the horizon,” acknowledged Bradford within the firm’s announcement.

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