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CleanSpark purchases 4500 Bitcoin miners

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Nevada-based energy technology mining company CleanSpark has acquired 4,500 Bitcoin (BTC) miners Antminer S19. The company’s assets in the first cryptocurrency partially financed the purchase.

It is planned that the supply of equipment will begin in early November 2021 and will be completed by July 2022.

According to CleanSpark, after the commissioning of the purchased batch of miners, its hashrate will increase by 450 PH/s.

Investing part of the mined Bitcoins

Nasdaq-listed CleanSpark claims to have over 10,000 ASIC devices in its fleet. Over the next 12 months, another 24,580 units are expected to be supplied.

Regarding the sale of some of the mined Bitcoins for the purchase of equipment. The company noted that they see the value of digital currencies as a means of exchange.

“By investing part of the mined Bitcoins in the purchase of additional miners, the company seeks to return these coins to circulation. CleanSpark also intends to continue its digital asset accumulation strategy,” the statement said.

Mining enterprises

According to the results of the third quarter of 2021, analysts estimated that mining enterprises with a listing in the United States have accumulated a total of more than 20,459 BTC (approximately $1.1 billion).

Earlier, CleanSpark joined the mining Foundry USA Pool along with Bit Digital, Bitfarms, Hive, BitDeer, Core Scientific, Greenidge and Foundry. In April, the company announced the purchase of 22,680 miners. Later in August, it acquired the second data center in Georgia for $6.6 million and announced plans to invest $145 million in the facility. CleanSpark expects its capacity to be an additional 20 MW, sufficient to provide electricity to 6,000 miners.

CleanSpark’s purchase follows other large-scale Bitcoin miners’ acquisitions this year. Genesis Digital Assets, for example, purchased 20,000 Bitcoin miners from Canaan in August. Together with the order, the Chinese manufacturer provided an option to purchase another 180,000 miners.

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