Bitcoin Miner CleanSpark Buys 45,000 Mining Gear Worth $145M

  • The very first 25,000 miners will begin trickling in within the month of August.
  • CleanSpark claims 90% of their current energy supply originates from carbon-free sources.

CleanSpark, a Bitcoin miner located in Sandersville, Georgia, within the U . s . States, has announced the conclusion of the $144.9 million transaction to get 45,000 of Bitmain’s Antminer S19 XP Bitcoin mining machines.

The very first 25,000 miners will begin trickling in within the month of August, using the remaining devices coming later. Once operational, CleanSpark’s Georgia fleet may have elevated their processing power by 6.3 exahashes per second (EH/s), or 95%, from the present capacity of 6.7 EH/s.

Additionally, in Feb, CleanSpark bought 20,000 miners, that are already being delivered to its Washington plant in Georgia. Later this quarter, when this equipment is fully operational, the Washington plant will raise the company’s operating hash rate by 2.44 EH/s.

With track of exceeding 16 EH/s through the finish of the season, CleanSpark presently claims to possess a total of 15.9 EH/s either implemented or under contract.

Banking on Alternative Energy

To supply some context, CoinWarz has believed the current Bitcoin mining network hash rate is a touch around 322.53 EH/s. CleanSpark would control around 5% of Bitcoin’s total computational power if all its machines were online at this time.

While CleanSpark has been available since 1987 supplying software and solutions, it just started operating Bitcoin mining operations in 2020.

The firm promotes itself as “sustainable Bitcoin mining,” with the aim of powering all its mining operations with alternative energy. Based on CleanSpark, 90% of the current energy supply originates from carbon-free sources. With Bitcoin’s cost crossing the $30k level, it might be rewarding for miners following a terrible year before.

Latest stories

You might also like...