Tuesday, March 21, 2023

Bitcoin miner CleanSpark is rising its mining capability in the US with the acquisition of 20,000 new Antminer S19j Professional+ models for $43.6 million. The acquisition is anticipated to spice up the corporate’s computing energy by 37% and brings the whole variety of miners bought in the course of the bear market to 46,500 models.

In response to an announcement on Feb. 16, CleanSpark will pay $32.3 million for the machines after making use of coupons at a 25% low cost or a complete value per terahash (TH) of roughly $13.25. The Professional+ rigs are 22% extra productive than their earlier fashions and are deliberate to be delivered in batches between March and Might.


The corporate is leveraging the market’s decrease rig costs to spice up its mining capability, whereas Bitcoin’s (BTC) value rebounds. According to information from Hashrate Index, the present value per TH of ASICs of the identical Bitcoin mining effectivity are presently at $15.09, properly beneath the $90.72 seen 12 months in the past. CleanSpark mentioned the Antminer S19j Professional+ mannequin affords a greater return on funding in comparison with the identical ASIC-generation machines.

“After they’re totally operational, they’re anticipated so as to add 2.44 EH/s to CleanSpark’s current 6.6 EH/s of bitcoin mining computing energy (for a complete of 9 EH/s), constituting a 37% enhance,” famous the corporate. 

Bitcoin ASIC value index. Supply: Hashrate Index

CleanSpark claims that the acquired fashions proceed to be extra engaging to its operations within the present market situations. “The S19j Professional+ delivers 122 terahash per machine and saves a median of two joules of vitality per terahash in comparison with the S19j Professional mannequin of the identical technology.”

A complete of 15,000 of the brand new machines shall be delivered to the corporate’s areas within the metropolis of Washington, Georgia. CleanSpark disclosed in January a $16-million enlargement within the web site, which is forecasted to extend its hash charge by 2.2 exahashes per second (EH/s), with its complete hash charge reaching as excessive as 8.7 EH/s. The ability was acquired by the corporate in August final 12 months earlier than taking on Mawson Infrastructure Group’s facility in Sandersville.

After a tricky 12 months in 2022 with declining Bitcoin costs and excessive electrical energy prices, publicly listed mining corporations noticed an increase in mining manufacturing and hash charges in January, in line with an evaluation from Hashrate Index. CleanSpark boosted its Bitcoin mining manufacturing by 50% in the course of the month, reaching a file month-to-month manufacturing of 697 BTC. Its hash charge rose to six.6 EH/s from 6.2 EH/s in December.

Different public mining corporations, corresponding to Core Scientific, Riot, Marathon and Cipher have seen vital will increase in Bitcoin manufacturing prior to now month, helped by steady electrical energy costs and higher climate situations in the US.

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