On June 1, 2023, Cleanspark, a publicly-traded bitcoin mining company, declared the acquisition of 12,500 Antminer S19 XP bitcoin miners for $40.5 million. The acquisition is expected to rise Cleanspark’s hashrate by an other 1.76 exahash per 2nd (EH/s).
Acquisition to Boost Cleanspark’s Hashpower by 1.76 EH/s
Throughout 2023, Cleanspark (Nasdaq: CLSK) has secured a sizeable fig of application-specific integrated circuit (ASIC) bitcoin miners. In February, the institution procured 20,000 caller Bitmain mining rigs for $43.6 million, and successful mid-April, it bought 45,000 Antminer S19 XP units. The firm’s astir caller acquisition progressive 12,500 Antminer S19 XP bitcoin miners astatine a outgo of $40.5 million.
Cleanspark reveals that the disbursal stood astatine astir $23 per terahash ($/TH), which is little than the existent marketplace value. The steadfast disclosed that 6,000 machines would get successful June, portion the remaining units would beryllium delivered successful August. These ASIC bitcoin mining machines volition beryllium stationed crossed Cleanspark’s information centers. The institution claims that “low-carbon vigor sources” relationship for 90% of the bitcoin miner’s powerfulness supply.
Zach Bradford, Cleanspark CEO, said successful a connection that “this acquisition ensures that we are prepared to conscionable and perchance transcend our year-end people of 16 EH/s and besides positions america to beryllium 1 of the astir power-efficient miners connected an energy-per- hashrate basis.” He besides mentioned that “this further instrumentality acquisition besides gives america important optionality to regenerate the units successful our existing fleet that devour much than 30 joules per terahash portion allowing america to support little businesslike machines lone if the economics enactment doing so.”
Cleanspark’s announcement comes connected the heels of a challenging crypto carnivore marketplace endured by bitcoin miners during the second portion of 2022. Additionally, galore different mining firms person besides experienced enlargement successful caller times. For instance, Stronghold Digital partnered with Cantaloupe Digital LLC, a subsidiary of ASIC bitcoin miner shaper Canaan. This woody elevated Stronghold’s hashrate by 400 petahash per 2nd (PH/s), and connected May 30, Stronghold unveiled that it had reached 3 EH/s concerning the company’s full hashpower.
Amid the crypto carnivore market, Cleanspark has discovered assorted opportunities. Gary A. Vecchiarelli, Cleanspark’s CFO, stated, “we proceed to marque usage of opportunities created by the existent marketplace conditions to hole for adjacent year’s bitcoin halving.” He continued, “this bid of XPs not lone adds to our hashrate, but the ratio of these machines besides results successful little powerfulness consumed per bitcoin mined compared to older procreation miners, which should construe to higher margins.”
What are your thoughts connected Cleanspark’s strategical acquisitions? Share your thoughts and opinions astir this taxable successful the comments conception below.
English (US)