

Importantly, we’ve already fully funded and paid for the first half of this purchase, or approximately 6,650 machines, most of which are expected to ship next month.”ĬleanSpark mines bitcoin with predominantly low-carbon energy sources, which account for over 90% of its energy mix, and continues to follow a balanced capital management strategy by selling a portion of its mined bitcoins to reinvest in growth. “This order of XPs not only adds to our hashrate, but the efficiency of these machines also results in less power consumed per bitcoin mined compared to older generation miners, which should translate to higher margins. “We continue to make use of opportunities created by the current market conditions to prepare for next year’s bitcoin halving,” said Gary A. CleanSpark also purchased 45,000 brand-new Antminer S19 XP units for $23/TH in April, and has since made significant progress on the payment schedule as it works to build one of the most efficient bitcoin mining fleets in the world. The Company purchased 20,000 brand-new Antminer S19j Pro+ units for $13.15/TH in the month of February, all of which have been fully paid for.

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This purchase is the latest in a series of discounted machine purchases and other acquisitions made by CleanSpark since the crypto bear market began. “This additional machine purchase also gives us substantial optionality to replace the units in our existing fleet that consume more than 30 joules per terahash while allowing us to maintain less efficient machines only if the economics support doing so.” “This purchase ensures that we are prepared to meet and potentially exceed our year-end target of 16 EH/s and also positions us to be one of the most power-efficient miners on an energy-per-hashrate basis,” said Zach Bradford, CEO of CleanSpark.
