CleanSpark announced an ambitious purchase of up to 160,000 Bitmain S21 miners. This deal signals an expansion and a strategic maneuver to dominate the next bull market in cryptocurrency.
Initially, CleanSpark will receive 60,000 units to bolster its current hashrate from 10 EH/s to 32 EH/s. Moreover, the deal includes a savvy option to acquire 100,000 miners at a fixed rate. Consequently, this could propel the company’s hashrate to 50 EH/s.
CEO Zach Bradford emphasized the strategic nature of this agreement. “It’s more than growth; it’s about ensuring operational efficiency and embracing market opportunities,” he said.
Additionally, Bradford highlighted the significance of the fixed-price option, serving as a hedge against potential price surges in mining equipment.
Significantly, CleanSpark’s choice of the Bitmain S21 model underlines its commitment to efficiency.
Bradford noted, “The S21’s superior performance aligns perfectly with our mission to remain a leader in energy-efficient mining.”
With an initial investment of $193.2 million for the first batch of units, CleanSpark is preparing for the next halving event and setting the stage for long-term, sustainable growth in the highly competitive bitcoin mining world.
Also Read: CleanSpark’s In-House Trading for Bitcoin Optimizes Profits
