April 11, Bitcoin in the United States, Miner CleanSpark announced the purchase of 45,000 Antminer S19 XP application-specific integrated circuit (ASIC) miners for $144.9 million. CleanSpark says all units will be ready to be delivered by Antminer by the end of September. The acquisition is expected to add 6.3 exahashes per second (EH/s) of mining capacity to its rig, which currently has a capacity of 6.7 EH/s.
After the purchase, the company expects the hash rate to account for 3.8% of the entire Bitcoin network. CleanSpark CEO Zach Bradford commented: "The Antminer S19 XP is the most energy-efficient bitcoin mining machine on the market today and is a key component in our continued efforts to build some of the most efficient bitcoin mining facilities in the country."
25,000 of the 45,000 ASICs will be delivered in August, while the remaining 20,000 units are expected to be ready in September. CleanSpark said it plans to deploy all of the acquired equipment at its Sandersville, Georgia, bitcoin mining facility, which is currently undergoing a 150-megawatt power expansion. "This bear market continues to provide us with opportunities to maximize our return on investment, including the opportunity to purchase the industry's best mining equipment at industry-leading prices."
CleanSpark has set a goal of reaching a hash rate of 16 EH/s by the end of 2023. In February, the company purchased 20,000 ASICs it plans to operate in the current quarter. CleanSpark claims that more than 90% of its mining electricity comes from "low-carbon energy sources". As of the end of 2022, the company had total assets of $486.8 million and total liabilities of $59.8 million.
