CleanSpark boosts computing energy by 37% with 1000’s of recent Bitmain rigs


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

In keeping with 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 terrahash of roughly $13.25. The Professional+ rigs are 22% extra productive than its earlier fashions and are deliberate to be delivered in batches between March and Could.

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

“After they’re absolutely operational, they’re anticipated so as to add 2.44 EH/s to CleanSpark’s present 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 Worth Index. Supply: Hashrate Index

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

A complete of 15,000 of the brand new machines will probably 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, with complete hash charge reaching as excessive as 8.7 EH/s. The power was acquired by the corporate in August final yr, earlier than taking over Mawson Infrastructure Group’s facility in Sandersville.

After a troublesome yr in 2022 with declining Bitcoin costs and excessive electrical energy prices, publicly listed mining corporations saw a rise in mining production and hash rates in January, in line with an evaluation from Hashrate Index. CleanSpark boosted its Bitcoin mining manufacturing by 50% through the month, reaching a document month-to-month manufacturing of 697 Bitcoins. 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 important will increase in Bitcoin manufacturing prior to now month, helped by steady electrical energy costs and higher climate circumstances in america.