CleanSpark Buys $144.9M of Bitcoin Mining Rigs to Double its Hashrate

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CleanSpark Buys $144.9M of Bitcoin Mining Rigs to Double its Hashrate
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Bitcoin miner CleanSpark_Inc bought $144.9 million worth of Antminer S19 XPs, which will almost double its current hashrate once installed. egreechee reports.

Crypto miner CleanSpark bought 45,000 brand new Bitmain Antminer S19 XPs for $144.9 million, which will almost double its current computing power, or hashrate, once installed, the firm said in a Tuesday press release.

This is the latest in a series of acquisition of distressed assets by the miner, which started in the summer of 2022. The 45,000 Antminers will add over 6.3 exahash/second of computing power to CleanSpark's fleet of 6.7 EH/s, once delivered and installed. The acquisition announcement comes as bitcoin crossed $30,000 for the first time in nearly a year, which could reinvigorate the bitcoin mining space.

The first batch of 25,000 rigs will be ready for delivery in August from Bitmain, and the rest are scheduled for September. They will be installed at a site in Sandersville, Georgia, which CleanSpark

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