CleanSpark Invests $167 Million in 26,000 New Bitmain Miners
CryptoNewsTerminal Staff13 Aug, 2024
CleanSpark Invests $167 Million in 26,000 New Bitmain Miners
CleanSpark, a Bitcoin mining company, has made a significant purchase of 26,000 new Antminer S21 XP miners from Bitmain. This acquisition, with a total investment of $167 million, is a strategic move by CleanSpark to expand its Bitcoin mining operations. The addition of these new miners is expected to boost CleanSpark's hashrate, enhancing its ability to compete in the increasingly competitive Bitcoin mining industry. The miners are anticipated to be delivered in batches, with the first batch arriving in June 2023. By increasing its mining capabilities, CleanSpark positions itself as a formidable player in the Bitcoin mining space. This investment is a testament to the company's long-term commitment to the cryptocurrency industry.
