CleanSpark to boost hashrate fivefold with Bitmain miner deal By Investing.com
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UNITED STATES – CleanSpark (NASDAQ:) Inc., a prominent player in the bitcoin mining industry, has announced a significant expansion of its mining capabilities with the acquisition of up to 160,000 Bitmain S21 miners. This strategic move is set to quintuple the company’s current hashrate from 10 EH/s to over 50 EH/s by year-end.
The company has committed an initial $193.2 million for the first batch of 60,000 units, with deliveries expected to commence between April and June 2024. Zachary Bradford, CEO of CleanSpark, emphasized the acquisition as a key step in maintaining operational efficiency and staying ahead of anticipated price hikes tied to market trends, including the forthcoming halving event.
Bradford also noted that the choice of Bitmain S21 miners is in line with CleanSpark’s dedication to energy-efficient mining practices. The company continues to align its operations with the broader industry trend towards environmentally responsible mining.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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UNITED STATES – CleanSpark (NASDAQ:) Inc., a prominent player in the bitcoin mining industry, has announced a significant expansion of its mining capabilities with the acquisition of up to 160,000 Bitmain S21 miners. This strategic move is set to quintuple the company’s current hashrate from 10 EH/s to over 50 EH/s by year-end.
The company has committed an initial $193.2 million for the first batch of 60,000 units, with deliveries expected to commence between April and June 2024. Zachary Bradford, CEO of CleanSpark, emphasized the acquisition as a key step in maintaining operational efficiency and staying ahead of anticipated price hikes tied to market trends, including the forthcoming halving event.
Bradford also noted that the choice of Bitmain S21 miners is in line with CleanSpark’s dedication to energy-efficient mining practices. The company continues to align its operations with the broader industry trend towards environmentally responsible mining.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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