CleanSpark to spice up hashrate fivefold with Bitmain miner deal

UNITED STATES – CleanSpark (NASDAQ:) Inc., a outstanding participant within the bitcoin mining business, has introduced a major growth of its mining capabilities with the acquisition of as much as 160,000 Bitmain S21 miners. This strategic transfer is ready to quintuple the corporate’s present hashrate from 10 EH/s to over 50 EH/s by year-end.

The corporate has dedicated an preliminary $193.2 million for the primary batch of 60,000 items, with deliveries anticipated to begin between April and June 2024. Zachary Bradford, CEO of CleanSpark, emphasised the acquisition as a key step in sustaining operational effectivity and staying forward of anticipated worth hikes tied to market tendencies, together with the forthcoming halving occasion.

Bradford additionally famous that the selection of Bitmain S21 miners is in keeping with CleanSpark’s dedication to energy-efficient mining practices. The corporate continues to align its operations with the broader business development in direction of environmentally accountable mining.

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