Crypto mining agency CleanSpark is transferring ahead with its aggressive infrastructure growth in america by buying two Bitcoin (BTC) mining services in a $9.3 million money deal.
In accordance with a June 21 announcement, the 2 services CleanSpark will buy are turnkey Bitcoin mining campuses in Dalton, Georgia. With turnkey mining, customers should buy an assembled, configured and optimized Bitcoin mining rig to make use of on mining farms.
The services will host over 6,000 Antminer S19 XPs and S19J Professional+s, that are anticipated so as to add about 1 exahash per second (EH/s) to CleanSpark’s hash price following the deal’s completion. In accordance with Zach Bradford, CEO of CleanSpark, the newly acquired infrastructure will allow the corporate to achieve its goal of 16 EH/s by the tip of the 12 months.
The acquisition follows a number of different acquisitions by CleanSpark in current months, regardless of a hunch in BTC mining profitability through the bear market. In April, the corporate introduced the acquisition of 45,000 Antminer S19 XP rigs for $144.9 million, which is predicted so as to add 6.4 EH/s of mining energy.
In February, CleanSpark added 20,000 new Antminer S19j Professional+ items to its portfolio for $43.6 million, anticipated to convey an extra 2.44 EH/s to its computing energy. A couple of weeks earlier, the corporate introduced a $16 million growth at its Georgia facility, with 15,000 new rigs.
The profitability of Bitcoin mining has dropped to $0.066 per TH/s per day on the time of writing, down from its $0.40 peak in June 2019, in accordance to knowledge from Hashrate Index.
With the fast-paced miner growth, CleanSpark stated it anticipates being well-positioned for subsequent 12 months’s Bitcoin halving, anticipated between April and Could 2024. The subsequent halving will scale back Bitcoin block rewards to three.125 BTC.
Bitcoin’s value has traditionally spiked post-halvings, as they scale back the cryptocurrency’s provide whereas demand typically stays regular. “We proceed to utilize alternatives created by present market situations to arrange for subsequent 12 months’s bitcoin halving,” CleanSpark chief monetary officer Gary Vecchiarelli stated.
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