On April 11, American Bitcoin (BTC) miner CleanSpark announced that it purchased 45,000 Antminer S19 XP utility-particular integrated circuit (ASIC) mining rigs for $144.9 million. CleanSpark stated your whole objects will be sharp for initiating by Antminer earlier than the pause of September. The acquisition is anticipated so that you can add 6.3 exahashes per second (EH/s) of mining vitality to its rig, which currently possesses a capability of 6.7 EH/s.

After the purchase, the company’s anticipated hash price will myth for an estimated 3.8% of the whole Bitcoin network. Zach Bradford, CEO of CleanSpark, commented: 

“The Antminer S19 XP is actually the most vitality-efficient bitcoin mining machine out there right this moment time, and a key take into consideration our continuing work to accomplish one of the most famous finest bitcoin mining services and products within the nation.”

25,000 of the 45,000 ASICs will be delivered in August, while the remaining 20,000 objects are anticipated to be sharp in September. CleanSpark stated it plans to deploy your whole got objects at its Bitcoin mining facility in Sandersville, Georgia, which is currently present process a 150-megawatt vitality expansion.

“This endure market has persisted to attract us with alternatives to maximize ROI, in conjunction with the chance to purchase the enterprise’s simplest miner at an enterprise-main designate.”

CleanSpark has living a purpose of reaching 16 EH/s in hash price by the pause of 2023. In February, the company purchased 20,000 ASICs scheduled for operations this quarter. CleanSpark claimed that over 90% of its mining electricity stems from “low-carbon vitality sources.” At the pause of 2022, the company possessed $486.8 million in total sources and $59.8 million in total liabilities.

Magazine: Account abstraction supercharges Ethereum wallets: Dummies info