CleanSpark doubles down on discounted bitcoin mining rigs

Quick Take

  • Bitcoin miner CleanSpark purchased 1,061 rigs at a “substantially discounted price,” after announcing another large order just last month.
  • CEO Zach Bradford described the current market as an “incredible market for builders.”

Bitcoin miner CleanSpark has acquired 1,061 rigs at a time when market prices are down.

The company added 1,061 Whatsminer M30S machines to its fleet, increasing its total hash rate by 93 petahashes per second (PH/s), according to a statement released Thursday.

As of June 30, CleanSpark had a total hash rate of 2.8 EH/s, which indicates the new machines represent roughly a 3% increase.

"We are seeing unprecedented opportunities in this market," said Zach Bradford, CEO of CleanSpark. "We believe that our operational strategy focused on efficiency, up-time and execution will allow these metrics to continually improve.”

Last month, the company also announced that it has bought 1,800 Antminer
S19 XP bitcoin mining machines, at a total of 252 (PH/s).

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy