The bitcoin miner has bought more than 26,500 mining machines and 116MW of facilities in the bear market.Read MoreCoinDesk
CleanSpark (CLSK) has added nearly 3,900 Bitmain Antminer S19j Pro miners to its mining fleet, paying $5.9 million, or about $15.50 per terahash, the company said in a press release Tuesday morning.
While a number of other miners have been in survival mode during the crypto bear market – dealing with not just falling prices, but also surging energy costs – CleanSpark has notably been a buyer of assets at seemingly low prices. This purchase brings to more than 26,500 the number of bitcoin mining rigs the company has acquired in recent months.
The purchase price of $5.9 million works out to roughly $15.50 per terahash, a relatively low price as mining machines of that efficiency are currently selling at $24.26 per terahash, according to data from mining services firm Luxor Technologies.
Along with mining rigs, CleanSpark has also been a recent buyer of data mining centers, including two facilities in the state of Georgia, where the company mainly operates.
The company last week boosted guidance for year-end hashrate, or computing power, by 10%.
Read more about
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Bitcoin has maintained its bullish momentum over the weekend, solidifying its position above the $90,000…
Ethereum has witnessed a huge surge in on-chain activity in the past week, with data…
Cathie Wood, CEO of asset manager and crypto ETF issuer ARK Invest, has long maintained…
Larry Dean Harmon of Ohio was officially sentenced Friday for running the darknet crypto mixer…
Crypto analyst CryptoCon recently alluded to a Bitcoin ‘Golden Multiplier Ratio,’ which he suggested paints…
Bitcoin recorded another remarkable price performance in the past week, gaining by 19.16% according to…