Crypto Miner CleanSpark Extends Bear-Market Strategy, Buying 20K of Bitmain's Newest Rigs

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Bitcoin miner CleanSpark_Inc buys 20,000 Antminer S19j Pro+, which will add 37% to its hashrate. egreechee reports

CleanSpark again took advantage of the distressed state of the crypto mining industry to buy 20,000 new rigs at below-market rates, according to a Thursday press release.

The company said it expects to pay $32.3 million for 20,000 new Bitmain Antminer S19j Pro+ mining rigs, after knocking the price down by 25% with coupons and discounts. That works out at $13.25 per terahash , which is lower than the market price of $15.09 per TH for the S19j Pro+ category recorded on mining firm. The price of mining rigs is often measured in dollars per terahash, a measure of computing power, because different machines have different specifications.

The miner started buying assets from rivals struggling to make ends meet during the market downturn as far back as

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CleanSpark_Inc egreechee How many solar panels does all that take to run?

CleanSpark_Inc egreechee Screw Cleanspark I got this because of them. Thank you Lalo and Dewayne leaving an exposed wire from the 270v feed to the PDU. No compensation, made me work 3 days later, couldn't walk due to getting injured, couldn't provide workmans comp, was rejected from civilian hospital 1/x

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CleanSpark buys 20,000 miners from Bitmain, bringing bear market tally to 46,500The company expects to pay $32.3 million for the new generation Antminer S19j Pro+ units.
Source: TheBlock__ - 🏆 464. / 53 Read more »