Bitcoin miner CleanSpark_Inc continues adding to its fleet, purchasing $40.5 million worth of Antminer S19 XPs. Discounts, however, are getting smaller. $CLSK egreechee reports
CleanSpark has purchased another 12,500 bitcoin mining rigs for $40.5 million, the latest in a series of purchases during the market slump, according to a Thursday press release.
The machines will add 1.76 exahash/second of computing power, or hashrate, to CleanSpark's operations, bringing them closer to their target of 16 EH/s for the end of 2023. As of the end of April, the firm's hashrate stood at 6.7 EH/s. The first 6,000 Bitmain Antminer S19 XP machines will be shipped by the manufacturer in June, and the remainder in August, the press release said.
CleanSpark has been buying assets from distressed miners during the crypto bear market that has seen a number major mining firms declare bankruptcy or otherwise restructure. In April, for instance, the miner purchased
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