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CleanSpark to boost hashrate fivefold with Bitmain miner deal

CleanSpark Inc., a prominent player in the bitcoin mining industry, has announced a significant expansion of its mining capabilities with the acquisition of up to 160,000 Bitmain S21 miners. This strategic move is set to quintuple the company's current hashrate from 10 EH/s to over 50 EH/s by year-end. The company has committed an initial $193.2 million for the first batch of 60,000 units, with deliveries expected to commence between April and June 2024. Zachary Bradford, CEO of CleanSpark, emphasized the acquisition as a key step in maintaining operational efficiency and staying ahead of anticipated price hikes tied to market trends.

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