The general public mining firm has bought 45,000 Antminer S19 XP miners in keeping with its aim of reaching 16 EH/s by finish of 12 months.
CleanSpark Inc., a public Bitcoin mining firm, has introduced its buy of 45,000 brand-new models of the Antminer S19 XP bitcoin mining machines, at a price of $144.9 million. The corporate expects all models to be delivered by the producer by the top of September, with a 95% enhance in computing energy as soon as deployed in keeping with a press launch despatched to Bitcoin Journal.
CleanSpark has roughly 15.9 EH/s of machines available or underneath contract for supply this 12 months, edging nearer to its year-end steering of 16 EH/s. The corporate will deploy all the acquired models at its bitcoin mining facility in Sandersville, Georgia, which is at the moment present process a planned 150 MW expansion. The machines can be deployed in a number of batches as they arrive on web site and new rack-space turns into obtainable, with all machines anticipated to be absolutely operational earlier than year-end.
Zach Bradford, CEO of CleanSpark, said, “As bitcoin’s halving attracts nearer, our concentrate on operational effectivity, our technical experience, and our treasury administration technique, will all play a vital position in solidifying CleanSpark’s place among the many prime bitcoin mining corporations in America.” Gary Vecchiarelli, CleanSpark’s CFO, added, “Securing XPs at these costs means now we have one much less variable in our capital expenditure equation and places us nicely on our option to attaining our year-end steering of 16 EH/s.”
In line with the press launch, CleanSpark predominantly mines bitcoin with low-carbon vitality sources, which account for over 90% of its vitality combine, and the corporate follows what it describes as a “balanced capital administration technique” by promoting a few of its mined bitcoin to reinvest in development.
This most up-to-date miner buy is along with a 20,000 machine purchase introduced in February, with these machines absolutely paid for and within the means of being delivered to the corporate’s Washington facility. They’re anticipated to be energized later this quarter, in keeping with the press launch, including a further 2.44 EH/s of machines to CleanSpark’s operational hashrate.