CleanSpark Doubles Mining Capacity With $145M in New Machinery

• CleanSpark, a US-based cryptocurrency miner, purchased 45,000 units of the Antminer S19 XP BTC mining machines for $144.9 million.
• The purchase is part of the company’s strategy prior to the Bitcoin halving that is expected to occur in the spring of 2024.
• The installation of the new equipment is expected to push CleanSpark’s computing power from 6.7 EH/s to 13 EH/s.

CleanSpark Purchases 45,000 Antminer S19 XP Mining Machines

CleanSpark, a US-based cryptocurrency miner, has purchased 45,000 units of the Antminer S19 XP BTC mining machines for $144.9 million. This comes as part of their strategy in preparation for the upcoming Bitcoin halving event scheduled for Spring 2024.

Antminer S19 XP: Most Power-Efficient on Market

The CEO of CleanSpark – Zach Bradford – described the Antminer S19 XP as “the most power-efficient” mining machinery available on the market today. He believes this will be a key component in their operations going forward and that it will help them reach their full potential leading up to and beyond Bitcoin’s halving event next year.

Delivery Set for August & September

According to their deal with the manufacturer, 25,000 units are set to be delivered in August while an additional 20,000 are due for arrival by September. All 45k units will be deployed at CleanSpark’s mining facility in Sandersville, Georgia as soon as possible after delivery so they can begin reaping benefits from it before next year’s halving event takes place.

Increase In Computing Power With New Machinery

Before adding this new machinery into their operations, CleanSpark had a computing power of 6.7 EH/s but with its installation they expect that number to increase all the way up to 13 EH/s; quite an impressive jump!

Halving Event Could Cause Price Surge

Many experts believe that when Bitcoin goes through its third halving phase next year block rewards will reduce from 6.25BTC down 3125BTC which could cause a surge in price similar to what happened during previous occasions like this one too making it worth investing now rather than later according to these experts opinion on it at least!