Bitcoin mining company CleanSpark announced that it has purchased 45,000 Antminer S19 XP at a cost of $144.9 million.
The company, which plans to reach 16EH/s by the end of the year, plans to deliver 45,000 mining devices purchased within this scope by the end of September. CleanSpark expects a 95 percent increase in computing power once the devices are deployed.
20,000 Devices Purchased in February
CleanSpark will locate all purchased devices at its mining facility in Sandersville, which is currently undergoing a 150 MW expansion.
According to the statements made by the company, the purchased machines will be operational before the end of the year. “As Bitcoin halving approaches, our focus on operational efficiency, our technical expertise and our treasury management strategy will play an important role in solidifying CleanSpark’s position among the top bitcoin mining companies in America,” said CleanSpark CEO Zach Bradford. .
According to the press release, CleanSpark mainly mines Bitcoin with low-carbon energy sources that make up more than 90 percent of its energy mix. In addition, he is following a path he describes as a balanced capital management strategy by selling some of the Bitcoin he has extracted to reinvest in growth.
The company had purchased 20,000 more machines last February. The delivery process of the purchased machines to the Washington facility is still ongoing.
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