Home Bitcoin News Bitcoin Mining Nevada-Based Bitcoin Mining Operation Cleanspark Purchases 4,500 Bitcoin Miners From Bitmain – Mining – Bitcoin News

Nevada-Based Bitcoin Mining Operation Cleanspark Purchases 4,500 Bitcoin Miners From Bitmain – Mining – Bitcoin News

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Cleanspark, a Nevada-based vitality know-how and clear bitcoin mining agency, has introduced the acquisition of 4,500 Bitmain-brand Antminer S19 bitcoin mining rigs. The corporate says the mining gadgets had been bought by leveraging a portion of the corporate’s bitcoin holdings.

Cleanspark Purchases 4,500 ASIC Mining Rigs From Chinese language Producer Bitmain

The publicly-listed bitcoin mining agency Cleanspark (Nasdaq: CLSK) introduced on Tuesday that the corporate has bought 4,500 S19 bitcoin mining rigs from Bitmain. The rigs are anticipated to start out the supply course of by subsequent month and the items had been “partially funded by way of a portion of the corporate’s BTC holdings.” The corporate estimates that the machines will improve hashrate by 450 PH/s or 0.45 exahash (EH/s), which is equal to Cleanspark’s present capability.

Cleanspark’s acquisition of 4,500 bitcoin miners follows different main purchases of bitcoin mining machines by large-scale operations this 12 months. As an example, on the finish of August, Genesis Digital Property bought 20,000 bitcoin miners from Canaan. Throughout the first week of August, Marathon purchased 30,000 bitcoin mining rigs from Bitmain. Foundry US has been partnering with numerous operations and has elevated in capability a fantastic deal. On the finish of December 2020, Cleanspark acquired the U.S. bitcoin miner ATL Information Facilities for $19.4 million.

Firm Expects to Have Extra Than 24K Bitcoin Miners in Subsequent 12 Months, Cleanspark Acquires Georgia Datacenter

Cleanspark expects to extend its present provide of 10,000 miners. The variety of miners scheduled for supply is 24,580 “over the following 12 months.” Along with ATL Information Facilities, Cleanspark additionally purchased a former Dash/Nextel datacenter in Norcross, Georgia, and the brand new mining facility will leverage Georgia’s Easy Photo voltaic program. Zach Bradford, the CEO of the bitcoin mining and vitality know-how agency headquartered in Nevada, says the transfer to buy the brand new miners was a “aware effort.”

“By making a aware effort to reinvest in extra manufacturing, we’re taking a market-based strategy to our mining operations and maximizing worth for our shareholders,” Bradford mentioned in an announcement despatched to Bitcoin.com Information. “We perceive that utilizing our bitcoin to assist our operations and growth is a paradigm shift for the digital foreign money mining trade in North America.”

Not solely does Cleanspark have a holding technique, it additionally believes that “the worth of digital currencies reminiscent of bitcoin stems from their usefulness as a medium of trade.” Primarily, by utilizing the funds to amass extra bitcoin mining rigs, a portion of its mined bitcoins goes again into circulation.

What do you consider Cleanspark buying 4,500 miners from Bitmain and growing capability by 450 PH/s? Tell us what you consider this topic within the feedback part under.

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ASIC bitcoin miners, ASIC mining rigs, ASIC Purchases, ASICs, ATL Data Centers, Bitcoin mining, Bitcoin Mining Rigs, Bitmain, BTC Mining, Cleanspark Inc, Foundry US, Genesis Digital Assets, Marathon, Microgrid energy software, mining rigs, Nasdaq Stock Exchange, Zachary Bradford

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