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Bitcoin Miner CleanSpark Buys Another Batch of Mining Machines
The company has acquired more than 26,500 rigs and 116 MW of facilities in recent months.
CleanSpark (CLSK) has added nearly 3,900 Bitmain Antminer S19j Pro miners to its mining fleet, paying $5.9 million, or about $15.50 per terahash, the bitcoin-mining company said in a press release Tuesday.
While many other miners have been in survival mode during the crypto bear market – dealing with not just falling prices, but also surging energy costs – CleanSpark has notably been a buyer of assets at seemingly low prices. With its latest purchase, the company has now acquired more than 26,500 mining rigs in recent months.
STORY CONTINUES BELOW
The price of $15.50 per terahash is relatively low as mining machines of that efficiency are currently selling at $24.26 per terahash, according to data from mining-services firm Luxor Technologies.
On Monday, liquidity-strapped miner Argo Blockchain (ARBK) said it sold about the same number of mining rigs as CleanSpark bought.
CleanSpark has also been a recent buyer of data-mining centers, including two facilities in the state of Georgia, where the company mainly operates.
Last week, CleanSpark boosted its estimate for its year-end hashrate, or computing power, by 10%.
Read more: Bitcoin Miner CleanSpark Hikes 2022 Hashrate Guidance by 10%
UPDATE (Nov. 1, 1:56 p.m. UTC): Adds Argo Blockchain information.
Eliza Gkritsi
Eliza Gkritsi is a CoinDesk contributor focused on the intersection of crypto and AI, having previously covered mining for two years. She previously worked at TechNode in Shanghai and has graduated from the London School of Economics, Fudan University, and the University of York. She owns 25 WLD. She tweets as @egreechee.
