- The mining company’s overall hash rates are likely to increase to greater than 16 EH/s.
- Cleanspark’s fleet in general will theoretically take into account 4.7% of worldwide hashrate.
CleanSpark, a Bitcoin mining company, has invested $40.5 million in 12,500 new ASICs to improve its fleet size. The mining company’s overall hash rates are likely to increase to greater than 16 EH/s because of the brand new hardware.
Furthermore, CleanSpark stated on Thursday the cost per terahash ($/TH) because of its freshly acquired number of Antminer S19 XP machines was $23. Hashrate Index data reveals this is under the typical cost per terahash. Specifically for similarly performing mining hardware, which is $23.27.
Since June of this past year, when Bitcoin’s cost plummeted close to $20,000, making mining BTC considerably less lucrative than throughout the bull market, the cost of high-efficiency ASICs has continuously decreased.
This trend is not damaged by Bitcoin’s comeback beyond $26,000 in March. Which can be due to the ever-growing efficiency of ASIC processors. Bitcoin’s cost continues to be lower 61% from the all-time high. Nevertheless its worldwide hash rate keeps setting records with surprisingly couple of hiccups.
Comprising 4.7% of worldwide Hashrate
If all goes well, Cleanspark’s fleet in general will theoretically take into account 4.7% of worldwide hashrate. Even though it will quickly have new machinery, not every one of them is going to be operational until June and August, correspondingly.
For the way the figures exercise. Firm Chief executive officer Zach Bradford has suggested the new fleet may really replace older, inefficient equipment. CleanSpark makes many bulletins this season revealing orders for thousands of devices. There have been 20,000 Antminer S19j Pro+ units bought in Feb at $13.15/TH and 45,000 Antminer S19 XP devices bought in April at $23/TH.