CleanSpark buys 45,000 Antminer S19 XP Bitcoin mining devices for $144.9 million

American mining company CleanSpark announced the purchase of 45,000 Antminer S19 XP Bitcoin mining devices for a total of $144.9 million.

?️ Today we announced the doubling of our #bitcoin mining capacity with a $144.9 million expansion deal, edging us closer to our year-end guidance of 16 EH/s.

— Purchase of 45,000 brand-new Antminer S19 XP #btc mining machines for our site in Sandersville, GA
— Will add 6.3… pic.twitter.com/fZHo1EhmVC

— CleanSpark Inc. (@CleanSpark_Inc) April 11, 2023

Under the terms of the agreement, the manufacturer will prepare 25,000 units for delivery in August, and the remaining 20,000 — in September.

The company plans to deploy these devices at a facility in Sandersville, Georgia in multiple batches by year-end. The data centre is currently undergoing upgrades to increase capacity to 150 MW.

The acquired ASIC miners, once operational, will add roughly 6.3 EH/s to the firm’s current hashrate of 6.7 EH/s.

In February, CleanSpark bought 20,000 Antminer S19j Pro+. It is expected that the deployment of this equipment with a combined hashrate of 2.44 EH/s will be completed by the end of the second quarter. Its installation is taking place at the facility in Washington, Georgia.

According to CEO Zach Bradford, bringing all the purchased equipment online by year-end will yield about 15.9 EH/s of hashrate. This puts the firm about 99% of the way to its 16 EH/s target, he noted.

In January, CleanSpark began construction of the second phase of the data centre in Washington.