{"id":64427,"date":"2022-07-15T11:22:01","date_gmt":"2022-07-15T08:22:01","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=64427"},"modified":"2025-09-06T14:24:39","modified_gmt":"2025-09-06T11:24:39","slug":"cleanspark-buys-more-than-1000-bitcoin-miners-amid-market-downturn","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cleanspark-buys-more-than-1000-bitcoin-miners-amid-market-downturn\/","title":{"rendered":"CleanSpark buys more than 1,000 Bitcoin miners amid market downturn"},"content":{"rendered":"<p>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.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">During the last 6 months, <a href=\"https:\/\/twitter.com\/search?q=%24CLSK&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$CLSK<\/a> increased <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> computing power by 47% &#038; production by 50%!<\/p>\n<p>Today we also announced our <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a> mining capacity expansion of over 90 PH\/s with the acquisition of 1,061 latest gen <a href=\"https:\/\/twitter.com\/hashtag\/WhatsMiner?src=hash&#038;ref_src=twsrc%5Etfw\">#WhatsMiner<\/a> M30S machines.<\/p>\n<p>Read more: <a href=\"https:\/\/t.co\/JYXxc3oteq\">https:\/\/t.co\/JYXxc3oteq<\/a> <a href=\"https:\/\/t.co\/Jm3U0vSKaZ\">pic.twitter.com\/Jm3U0vSKaZ<\/a><\/p>\n<p>\u2014 CleanSpark Inc. (@CleanSpark_Inc) <a href=\"https:\/\/twitter.com\/CleanSpark_Inc\/status\/1547596733370097664?ref_src=twsrc%5Etfw\">July 14, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The firm noted that the miners were purchased at a &#8216;substantially reduced price&#8217; 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.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;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,&#8221; the press release said.<\/p>\n<\/blockquote>\n<p>According to CleanSpark CEO Zac Bradford, the market for mining equipment currently offers &#8220;unprecedented opportunities&#8221;.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Our proven hybrid approach to co-locating devices as we expand our own mining capacity puts us in a strong position for sustainable growth,&#8221; he added.<\/p>\n<\/blockquote>\n<p>Over the last six months, the company increased its hash rate by 47%, and bitcoin production over the same period by 50%.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;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,&#8221; said Bradford.<\/p>\n<\/blockquote>\n<p>In April, CleanSpark secured <a href=\"https:\/\/forklog.com\/en\/news\/cleanspark-secures-35-million-loan-to-buy-new-equipment\">debt financing of $35 million<\/a> to back 3336 new Antminer S19j Pro devices.<\/p>\n<p>In October 2021, the company <a href=\"https:\/\/forklog.com\/en\/news\/cleanspark-used-mined-bitcoin-to-buy-4500-antminer-s19-miners\">sold a portion of mined bitcoins<\/a> to raise funds for the purchase of 4500 Antminer S19 units.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":1,"featured_media":64428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1180,1137],"class_list":["post-64427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cleanspark","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=64427"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64427\/revisions"}],"predecessor-version":[{"id":64429,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64427\/revisions\/64429"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/64428"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=64427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=64427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=64427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}