CleanSpark purchased 12,500 bitcoin mining devices from Bitmain for $40.5 million. US-based CleanSpark has announced the purchase of 12,500 new Antminer S19 XP ASICs from Bitmain for $40.5 million. The company pointed out that the price for the equipment is $23 per TH/s, which is below the market price.
Under the agreement, the contractor shipped 6,000 mining equipment in June and the remaining 6,500 in August. The deployment of these devices will increase the company’s hashrate by approximately 1.76 EH/s. According to CleanSpark CEO Zak Bradford, this will bring the company closer to achieving the 16 EH/s target.
However, he said that some of the new equipment will be replacing obsolete equipment with an energy efficiency of less than 30 J/TH. Antminer S19 XP achieves 21.5 J/TH.
“We are still taking advantage of the opportunities offered by current market conditions to prepare for bitcoin halving next year. This XP order will not only increase our hashrate, but also reduce the energy consumption to mine BTC compared to older generation mining equipment, resulting in higher profits,” said Gary Velkyarrelli, CFO of the company.
He noted that the company has already paid half the cost of this delivery. In February, CleanSpark purchased 20,000 Antminer S19j Pro+ devices. In April, the company announced the purchase of 45,000 Antminer S19 XPs at a total cost of $144.9 million.
The company operates five mining facilities, four of which are located in Georgia and one in New York. CleanSpark has a mining fleet consisting of 67,700 installations and a hashrate of 6.7 EH/s.
Recall that the company has announced plans to reduce the average energy efficiency of its equipment to 26 J/TH from the current 31 J/TH.
