Last week, Bitcoin.com News revealed the growth of the hash rate of bitcoin miner Cleanspark (CLSK). As a reminder, the listed company would now have a daily production of almost 12.25 BTC. On the sidelines of this increase, the executive chairman of the bitcoin miner affirmed that his company had prepared its bear crypto. It was able to anticipate a difficult market to find new growth opportunities. Thus, in less than a year, the company has tripled its mining capacity, which currently exceeds 3 Exahash. At the same time, it has spent nearly $28 million to equip itself with 10,000 latest-generation miners. The 10,000 new Bitmain Antminer will certainly be delivered between October and November 2022.
Cleanspark (CLSK) takes advantage of the bear market
Cleanspark (CLSK), the bitcoin mining company just hit hard. She would have bought 10,000 machines new generation for mining de BTC. For this, she paid no less than 28 million dollars. This purchase shows the clear desire of the company to increase its extraction production. The total amount paid for the purchase of these new Bitmain Antminer S19j Pros is below the original price. Cleanspark was able to anticipate by taking advantage of the opportunities offered by the current bear market. This is certainly what justifies the discount on the prices of the machines.
They will be delivered during October or November of the current year. The purchase of these infrastructures was made from the hardware broker Cryptotech Solutions. According Zach Bradford, the CEO of Cleanspark, the current supply is no accident. This is the result of a strategy prepared almost a year ago. He is pointing out that “During the end of the bull market last year, we strategically focused on building infrastructure instead of following the industry trend at the time of pre-ordering equipment months in advance. . » The company has waited for the price of the platforms to fall by almost 40% in recent weeks to order. The difficulties encountered by bitcoin miners also have a lot to do with it. The latter do not hesitate to get rid of their machines in exchange for money.
The miner wants to increase his bitcoin mining capacity
This new purchase is not the first of its kind. This is the logical continuation of a strategy adopted by Cleanspark for several months, in order to remain competitive, even in the midst of a crisis. Over the past three months, the mining company has acquired new platforms. It acquired a total of 1,800 new machines in June, 1,061 in July and 3,400 in August.
The firm does not hide its growth ambitions. She wants to achieve capacity of 5 exahash/second hashrate before this year is over. Currently, Cleanspark has in its possession 40,000 bitcoin mining machines distributed in all its production sites. It can now produce up to 14.9 bitcoins per day. This allows him to appear in the top 5 bitcoin mining companies based on monthly hash and mining rate.
Conclusion
Cleanspark, the bitcoin mining company, took advantage of the bear market to boost its daily production force. Thanks to the acquisition of 10,000 new latest generation machines for only 28 million dollars, it intends to position itself as a key player in the industry.
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