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Nevada-based bitcoin mining operation Klinspark buys 500 bitcoin mines from Bitcoin – Mining Bitcoin News


Cleanspark, a Nevada-based energy technology and clean bitcoin mining firm, has announced the purchase of 4,500 Bitman-brand Antminer S19 bitcoin mining rigs. The company says the mining equipment was purchased using a portion of the company’s Bitcoin holdings.

Cleanspark purchased 4,500 ASIC mining rigs from Chinese manufacturer Bitman

Publicly listed bitcoin mining firm Cleanspark (Nasdaq: CLSK) announced Tuesday that the company has purchased 4,500 S19 bitcoin mining rigs from Bitman. The rigs are expected to begin delivery within the next month and the units were “partially financed through a portion of the company’s BTC holdings.” The company estimates that the machines will increase the hashrate by 450 PH / s or 0.45 exahash (EH / s), which is equivalent to Cleanspark’s current capacity.

Cleanspark’s acquisition of 4,500 bitcoin mines follows other major purchases of bitcoin mining machines by large-scale operations this year. At the end of August, for example, Genesis Digital Resources bought 20,000 bitcoin mines from Canaan. In the first week of August, Marathon bought 30,000 bitcoin mining rigs from Bitman. Foundry US has partnered with a number of activities and capabilities have grown significantly. At the end of December 2020, Klinspark bought U.S. Bitcoin Minor ATL data centers for 19.4 million.

The company expects to mine more than 24K bitcoins in the next 12 months, acquiring Klinspark Georgia datacenter

Cleanspark hopes to increase its current supply of 10,000 mines. The number of mines scheduled for delivery is “24,580 in the next 12 months.” In addition to the ATL data center, Klinspark has purchased a former Sprint / Nextel datacenter at Norcross, Georgia, and the new mining facility will leverage Georgia’s Simple Solar program. Jack Bradford, chief executive of Bitcoin Mining and Energy Technology Firm, headquartered in Nevada, said the move to buy the new mine was a “conscious effort.”

“In a conscious effort to reinvest in surplus production, we are adopting a market-based approach to our mining activities and offering the highest value to our shareholders,” Bradford said in a statement sent to Bitcoin.com News. “We understand that our use of Bitcoin to support our activities and expansion is an example for the North American digital currency mining industry.”

Not just a holding strategy of Klinspark, it believes that “the value of digital currencies like Bitcoin stems from their usefulness as a means of exchange.” Originally, using funds to acquire more bitcoin mining rigs, a portion of its mining bitcoin went into circulation again.

From Cleanspor Bitman, what do you think about buying 500 mines and increasing the capacity to 50 pH / sec? Let us know what you think about this in the comments section below.

Tags in this story

ASIC Bitcoin Miner, ASIC Mining Rig, ASIC Purchase, ASIC, ATL Data Center, Bitcoin Mining, Bitcoin Mining Rigs, Bitmain, BTC Mining, Cleanspark Inc. Exchange, Zachary Bradford

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