CleanSpark, a clean bitcoin mining firm has announced the purchase of 4,500 Bitmain Antminer S19 bitcoin mining rigs funded by a portion of the company’s bitcoin holdings.
The publicly-listed bitcoin mining firm CleanSpark has announced that the company has purchased 4,500 S19 bitcoin mining rigs from Bitmain which were “partially funded through a portion of the company’s BTC holdings.”
CleanSpark currently operates over 10,000 miners. The total number of miners scheduled for delivery over the next 12 months now amounts to 24,580 and will be completed by July 2022. The company estimates that the new Bitcoin mining machines will increase hashrate by 450 PH/s or 0.45 exahash (EH/s), or almost 45% of CleanSpark’s current capacity once the machines are fully operational.
In addition to ATL Data Centers, CleanSpark also bought a former Sprint/Nextel datacenter in Norcross, Georgia, and the new mining facility will leverage Georgia’s Simple Solar program.
Zach Bradford, the CEO of CleanSpark, said:
“By making a conscious effort to reinvest in additional production, we are taking a market-based approach to our mining operations and maximizing value for our shareholders. We understand that using our bitcoin to support our operations and expansion is a paradigm shift for the digital currency mining industry in North America.”
Machine delivery is scheduled to begin next month with CleanSpark expecting to have the data center capacity available for the machines to plug and play before each delivery.
In April, CleanSpark announced a large purchase of bitcoin mining machines. In August, the company paid $6.6 million to acquire its second data center in Georgia. Last month, CleanSpark announced it’s moving its full mining power to the North American mining pool of Foundry, a subsidiary of Digital Currency Group (DCG).
Earlier this week, Bitmain, the producer of the S19 Antminer machines, recently halted sales to Chinese customers amid the country’s crypto mining crackdown.