CleanSpark Inc. has introduced the acquisition of 12,500 Antminer S19 XP bitcoin mining machines for a complete value of $40.5 million. The machines have been acquired at a cheaper price than the present market common, costing $23 per terahash, based on a press launch shared with Bitcoin Journal. The acquisition settlement states that 6,000 of the machines might be shipped in June, with the remaining 6,500 set for delivery in August.
Zach Bradford, CEO of CleanSpark, expressed his confidence within the buy, stating, “This buy ensures that we’re ready to satisfy and probably exceed our year-end goal of 16 EH/s and likewise positions us to be one of the crucial power-efficient miners on an energy-per-hashrate foundation.” He additional highlighted the optionality offered by the extra machines, permitting the corporate to exchange much less environment friendly items if the economics help it.
CleanSpark reported that it has been benefiting from discounted machine purchases throughout the crypto bear market. In February, the corporate acquired 20,000 Antminer S19j Professional+ items, adopted by the acquisition of 45,000 Antminer S19 XP items in April.
Gary A. Vecchiarelli, CFO at CleanSpark, emphasised the significance of those purchases in preparation for the upcoming bitcoin halving, stating, “the effectivity of those machines additionally leads to much less energy consumed per bitcoin mined in comparison with older era miners, which ought to translate to increased margins.”
CleanSpark’s current purchases of bitcoin mining machines reveal the corporate’s dedication to increasing their mining capability and staying aggressive available in the market. With charges from Ordinals inscriptions boosting the income for miners, it’s anticipated that giant gamers like CleanSpark will proceed to bolster their miner stock.