CleanSpark Increases Bitcoin Mining Capacity with Discounted Bitland Machines

02/16/2023 14:10 • Digital Disruptors • 80 views

It is reported that ClearSpark, a Bitcoin mining enterprise, purchased 20000 Bitland mining machines at a price lower than the market price. According to CleanSpark, the price of mining machines will be reduced by 25% through discount coupons. It is estimated that 20000 new Antminer S19jPro+mining machines from Bitland will be purchased at US $32.3 million, equivalent to US $13.25/TH, lower than the market price of US $15.09/TH. After installation, the Bitcoin mining capacity of CleanSpark will increase by 2.44EH/s to 9.04EH/s from 6.6EH/s, with an increase of 37%. It is expected that it will be delivered in batches from the manufacturer at the end of May. CleanSpark plans to achieve 16EH/s computing capacity by the end of 2023.

Bitcoin mining enterprise CleanSpark will purchase 20000 Bitland mining machines with US $32.3 million

Analysis based on this information:

CleanSpark, a Bitcoin mining enterprise, has reportedly purchased 20,000 Bitland mining machines at a price lower than the market value, resulting in savings of around US $2.2 million. Additionally, CleanSpark has revealed that the purchase of these machines will be further reduced by 25% via discount coupons.

The 20,000 newly acquired Antminer S19jPro+mining machines from Bitland will cost US $32.3 million, equivalent to US $13.25/TH, which is lower than the market price of US $15.09/TH. It is important to note that the Antminer S19jPro+ is currently the most powerful mining machine available in the market.

After installation, CleanSpark’s Bitcoin mining capacity will increase by 2.44EH/s to 9.04EH/s from 6.6EH/s, which is a 37% increase in mining capacity. The increased capacity will make CleanSpark one of the most productive and efficient Bitcoin miners in the market.

It is estimated that the machines will be delivered to CleanSpark in batches by the end of May. Furthermore, CleanSpark has laid out plans to achieve a 16EH/s computing capacity by the end of 2023, which shows the enterprise’s commitment to continual growth and expansion in the Bitcoin mining industry.

In conclusion, the purchase of 20,000 discounted Bitland mining machines marks a significant milestone for CleanSpark. Through this acquisition, CleanSpark has been able to increase its productive capacity and remain competitive in the market. By reducing its expenses, CleanSpark has positioned itself to continue growing and expanding in the coming years.

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