Bitcoin miner CleanSpark is on a crypto miner buying spree having purchased 26,500 miners since the start of the bear market.
The purchase has brought its total number of machines to around 50,000 according to the company.
CleanSpark said it's purchased 26,500 miners since the start of the"bear market conditions" — a time when many mining firms have been forced to sell off mining equipment orThere is a possibility that the miners were purchased from competitor Argo Blockchain as an Oct. 31shows it sold 3,843 Bitmain S19J Pro machines, the exact amount and miner model that CleanSpark purchased.
Cointelegraph contacted CleanSpark and Argo Blockchain to confirm if a transaction took place between the companies but did not immediately hear back. While other Bitcoin miners are struggling in the prevailing market conditions, CEO Zach Bradford said an “unwavering focus” on sustainability, a strong balance sheet, and its operating strategy has enabled CleanSpark to “acquire machines at incredible prices, grow our hashrate, and increase our daily Bitcoin production.”
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