Cleanspark boosts mining capacity with new machines worth $ 145 million

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The cryptocurrency miner-Cle Transark based in the USA-bought 45,000 units of the BTC mining machines Antminer S19 XP for $ 144.9 million.

The current computing power of ClaParkk is 6.7 EH/S, while the installation of the new devices is expected to bring it to 13 EH/S.

Preparation for the Halving

According to the deal, the manufacturer will deliver 25,000 units in August, while the remaining 20,000 should arrive in September. ClePark plans to use them all in his mining plant in Sandersville, Georgia.

Zach Bradford-CEO of ClePark-said that Antminer S19 XP is "the most energy-efficient Bitcoin mining machine that is currently available on the market", and expressed hopes that he would develop into a "key component" for the operation of the company.

He explained that the million-dollar purchase and the delivery of first-class machines were part of the company's strategy before the halving of Bitcoin expected for spring 2024.

The central event that reduces the rate with which new coins are created will halve the block rewards-from currently 6.25 BTC to 3.125 BTC. Many experts believe that the process will trigger a price increase in primary cryptocurrency, similar to earlier occasions.

"Since the halving of Bitcoin is closer, our focus on operational efficiency, our technical know-how and our financial administration strategy will play a decisive role in the consolidation of the position of ClaSplan-Baubau company in America," said Bradford.

The 45,000 new machines should also increase the mining capacity of the organization to 13 EH/S by September 2023. Bradford argued that the crypto winter gave companies the chance to acquire modern equipment at an industry-leading price:

"We have decided in the past for other devices such as the S19 JPRO+ compared to the S19 XP because we believed that the gap between the ROI of other devices and the XP would close. Our patience has paid off."

CleParks Mining Expansion

The company acquired a location in Washington, Georgia, for 16.2 million US dollars can. CEO Bradford is determined that the expansion will expand the existing infrastructure of 36 MW by 50 MW:

"This second phase will more than double the size of the existing operation. We look forward to expanding our relationship with the municipality of Washington City and supporting the building contracts associated with this expansion."

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