The mining company CleanSpark acquired 1061 Whatsminer M30S units. The equipment, with a total hash rate of about 93 PH/s, is already mining cryptocurrency at the Coinmint hosting facility.
During the last 6 months, $CLSK increased #BTC computing power by 47% & production by 50%!
Today we also announced our #bitcoin mining capacity expansion of over 90 PH/s with the acquisition of 1,061 latest gen #WhatsMiner M30S machines.
Read more: https://t.co/JYXxc3oteq pic.twitter.com/Jm3U0vSKaZ
— CleanSpark Inc. (@CleanSpark_Inc) July 14, 2022
The firm noted that the miners were purchased at a ‘substantially reduced price’ compared with spot-market levels only a few months ago. This is the second large batch of equipment CleanSpark has bought in roughly a month.
“Right after the market downturn in June, the company signed a contract to purchase 1,800 Antminer S19 XP Bitcoin miners at an exceptionally favorable price,” the press release said.
According to CleanSpark CEO Zac Bradford, the market for mining equipment currently offers “unprecedented opportunities”.
“Our proven hybrid approach to co-locating devices as we expand our own mining capacity puts us in a strong position for sustainable growth,” he added.
Over the last six months, the company increased its hash rate by 47%, and bitcoin production over the same period by 50%.
“These important KPI underscore that our growth is outpacing both the global hash rate and network difficulty adjustments. We believe that our efficiency-, uptime-, and results-focused operating strategy will keep these metrics improving,” said Bradford.
In April, CleanSpark secured debt financing of $35 million to back 3336 new Antminer S19j Pro devices.
In October 2021, the company sold a portion of mined bitcoins to raise funds for the purchase of 4500 Antminer S19 units.
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