CleanSpark buys 45,000 Bitcoin miners for $145 million to nearly double its capacity

Quick Take

  • CleanSpark has purchased 45,000 more Bitcoin mining machines.
  • This comes after a purchase of 20,000 machines in February.

Bitcoin mining company CleanSpark spent $145 million on 45,000 Bitcoin mining machines, planning to double its mining capacity by the end of the year.

All of the mining units are Antminer S19 XPs, which CleanSpark CEO Zach Bradford claims are the most efficient miners available on the market.

“This bear market has continued to provide us with opportunities to maximize ROI [return on investment] including the opportunity to purchase the industry’s best miner at an industry leading price,” said Bradford in a press release.

The manufacturer will aim to deliver 25,000 machines in August, with the rest arriving in September.

The machines will add 6.3 exahashes per second (EH/s) of computing power to the company’s current 6.7 EH/s of hash rate — a 95% increase. 

This follows a recent purchase of 20,000 mining machines in February. These machines are in the process of being delivered and will add 2.44 EH/s of hash rate when they are activated later this year.

CleanSpark claims it mines more than 90% of its bitcoin with low-carbon energy sources.


© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Tim is the Editor-In-Chief of The Block. He writes about the evolution of crypto technology and the people who are at the forefront of it. He provided exclusive, source-based insights into the launches of the Bitcoin and Ethereum ETFs, crypto sales by the FTX Estate and the Trump-linked World Liberty Financial project. Prior to joining The Block, Tim was a news editor at Decrypt. He earned a bachelor's degree in philosophy from the University of York and studied news journalism at Press Association Training. Follow him on X @Timccopeland.

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