© Reuters.
UNITED STATES – CleanSpark (NASDAQ:) Inc, a major player in the bitcoin mining industry, announced a significant expansion of its mining capabilities with the acquisition of 160,000 Bitmain S21 miners. This strategic decision should allow the company to quintuple its current throughput, which will increase from 10 EH/s to more than 50 EH/s by the end of the year.
The company has committed an initial amount of $193.2 million for the first batch of 60,000 units, with deliveries expected to begin between April and June 2024. Zachary Bradford, CEO of CleanSpark, highlighted the acquisition as a milestone key to maintaining operational efficiency and staying ahead of anticipated price increases related to market trends, including the upcoming Bitcoin halving event.
Mr. Bradford also noted that the choice of Bitmain S21 miners is in line with CleanSpark’s commitment to energy-efficient mining practices. The company continues to align its operations with the general industry trend toward environmentally friendly mining.
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