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Cleanspark, a publicly traded bitcoin mining company, announced on Thursday that it had acquired 1,061 Whatsminer S30S bitcoin mining equipment rigs. This acquisition follows Cleanspark’s recent purchase contract to buy 1,800 Antminer S19 XP units at “an exceptionally low price.” Cleanspark recently purchased 1,800 Antminer S19XP units at an “exceptionally low price.”

Cleanspark Orders 2 Bulk Orders ASIC Miners within 30 Days at a Discount
Cleanspark, a bitcoin mining company, purchased two large orders of bitcoin mining equipment during the cryptocurrency market slump. Cleanspark, Inc. announced that it had purchased 1,061 Whatsminer S30S bitcoin mining machines on Thursday. Microbt manufactures the Whatsminer series M30S. The 1,061 machines equal 93 petahash/s (PH/s).

Cleanspark explained that the 93 HP/s were already added to existing operations. The machines are currently mining Bitcoin (BTC) at Cleanspark’s renewable-powered colocation facility. Zach Bradford, the CEO of bitcoin mining company, stated that they are seeing “unprecedented possibilities in this market.” Cleanspark also revealed that the company was able to buy the Whatsminer machines for a lower price than the device’s selling price a few months back.

Cleanspark announced on Thursday, July 14, 2022 that it had purchased 1,061 Whatsminer mining machines (pictured left) at an exclusive discount. Cleanspark purchased 1,800 Antminer S19XP bitcoin mining machines in mid-June at an “exceptionally low price”.
Further, the bitcoin mining company noted that the 1,800 Antminer S19XP bitcoin mining machines purchased in mid-June had been also sold at a discount. After the acquisition of an ASIC device, Bradford stated that “our tried-and-true combination approach of colocating our machines and expanding our own mining facilities puts me in an excellent position for sustainably growing my bitcoin mining capacity in this is shaping up as an incredible market to builders.”

Cleanspark Says Company’s Bitcoin Production Increased by 50% in Six Months
It’s possible that bitcoin miners in distress are selling large amounts of their devices at discounts due to the crypto winter and the current macroeconomic environment. Luxor Technologies co-founder estimated that $4Billion in crypto mining loans were at risk of default. Nikolaos Panigirtzoglou (JPMorgan’s strategists) published a note Wednesday that claimed bitcoin production cost dropped from $24K at June 2022 to around $13K today.

Cleanspark revealed that the firm’s computational capacity has increased 47% over the past six months, and that its bitcoin production has grown by 50%. These important KPIs show that global hashrate is growing faster than ours, and we are able to keep ahead of network difficulties adjustments. Bradford said that the operational strategy that focuses on efficiency, uptime and execution will enable these metrics to continue improving.

The post Bitcoin Mining Firm Cleanspark Buys over 1,000 Miners at a Discount first appeared on The Daily Encrypt.


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Angie Byrd