CleanSpark, a Bitcoin mining company recently spent $145 million to purchase 45,000 Bitcoin mining units from Antminer S19 XPs. As per the company’s CEO, Zach Bradford, these are the most efficient units available in the market. He believes that the current bear market provides great opportunities to maximize returns, including this purchase. 25000 of the machines will be delivered in August and the remaining in September. This purchase is expected to nearly double the company’s current 6.7 EH/s hash rate to 12 EH/s, following a purchase of 20,000 in February. As mentioned earlier, the additional 2.44 EH/s hash rate is expected to be operational in the course of the year.

CleanSpark is commended on its efforts to mine more than 90% of its Bitcoin with low-carbon energy sources. Low carbon energy is increasingly becoming the go-to method for sustainable cryptocurrency mining. With everything moving towards low-carbon, CleanSpark appears to be outmaneuvering the competition by packing their commitment to seek out minimal environmental damage through the practice of Bitcoin Mining which is considered to be a major contributing factor to global warming.

In the aftermath of its purchase, this could be the sole fuel needed to further expand CleanSpark’s presence. It has already shown growth in the recent past, with successful ventures and strategic partnerships with big names like Riot Blockchain and Marathon Digital Holdings. CleanSpark is sure to make leaps and bounds if their current hash rate capabilities are enhanced to such a big degree. With the current market conditions being an added advantage, the only way is up for the mining giant.



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