Cleanspark Bitcoin Mining

Cleanspark, a Nevada corporation, is an energy technology and clean bitcoin mining Company that is focused on solving modern energy challenges has announced the acquisition of 4,500 Bitmain-branded Antminer S19 bitcoin mining rigs. According to the firm, the mining equipment were acquired using a part of the company’s bitcoin holdings.

Cleanspark buys 4,500 ASIC mining rigs from Bitmain, a Chinese company.

Cleanspark, a publicly traded bitcoin mining company, revealed on Tuesday that it has bought 4,500 S19 bitcoin mining devices from Bitmain. The distribution of the rigs is anticipated to begin next month, and the machines were “partially funded by a portion of the company’s BTC holdings.”

The company’s purchase of 4,500 bitcoin miners follows other large-scale enterprises’ purchases of bitcoin mining rigs this year. For example, Genesis Digital Assets purchased 20,000 bitcoin miners from Canaan at the end of August. Marathon acquired 30,000 bitcoin mining equipment from Bitmain during the first week of August. Foundry US has grown capacity significantly by collaborating with a variety of enterprises. Cleanspark paid $19.4 million for the acquisition of ATL Data Centers, a bitcoin miner in the United States, towards the end of December 2020.

Cleanspark expects to triple its mining rigs during the next year.

Cleanspark plans to expand its existing 10,000-miner supply. “Over the next 12 months,” 24,580 miners are expected to be delivered. Cleanspark purchased a former Sprint/Nextel datacenter in Norcross, Georgia, in addition to ATL Data Centers, and the new mining site will take use of Georgia’s Simple Solar program. The acquisition of the additional machines was a “deliberate effort,” according to Zach Bradford, CEO of the bitcoin mining and energy technology business based in Nevada.

The mining firm owns and operates facilities in Norcross and College Park, Georgia, with a total capacity of 65MW with an emphasis on clean and sustainable energy, as well as putting environmental sustainability at the forefront of all its operations.

“By making a conscious effort to reinvest in additional production, we are taking a market-based approach to our mining operations and maximizing value for our shareholders,” Bradford said in a statement sent to Bitcoin.com News. “We understand that using our bitcoin to support our operations and expansion is a paradigm shift for the digital currency mining industry in North America.”

Patrick.