CleanSpark to Purchase Up to 160,000 Bitmain S21 Miners, Boosting Bitcoin Hashrate to 50 EH/s

01/09 03:31

Wechat scan to share

CleanSpark Inc., a Bitcoin mining company listed on Nasdaq, has announced an agreement to purchase up to 160,000 Bitmain S21 miners, potentially quadrupling its current hashrate to 50 EH/s. The initial agreement involves the acquisition of 60,000 units, contributing 12 EH/s, with shipping scheduled for Q2 2024. CleanSpark also has the option to buy another 100,000 miners at a fixed rate until the end of the year. CEO Zachary Bradford stated that this strategic agreement enhances operational efficiency, provides optionality, and positions the company to maximize opportunities on the horizon.

Original Link

Comments

All Comments

There are no comments yet, why not be the first?

Recommended for you

Jesse Coghlan · 04/03 09:56

Alabama, Minnesota lawmakers join US states pushing for Bitcoin reserves

Bills to create Bitcoin reserves have been introduced in 26 states, with Arizona currently the closest to passing a law.
Stephen Moore · 04/03 09:53

‘National emergency’ as Trump’s tariffs dent crypto prices

A crypto investment specialist at crypto asset manager 21Shares told Cointelegraph that while markets experienced significant volatility, the tariff clarity could be a good thing in the long term.
Decrypt · 04/03 02:03

Avalanche Will Skyrocket and Outperform Bitcoin by End of 2029: Standard Chartered

Standard Chartered thinks the price of Avalanche's AVAX token could dramatically increase over the next few years, outpacing Bitcoin's gains.
bitcoin.com · 04/02 07:11

Trump Sons Launch “American Bitcoin” In Partnership with Hut 8

Hut 8 will hold an 80% stake in American Bitcoin, while American Data Centers, Backed by Trump sons, will take the remaining 20%.
Cryptonews24.xyz · 04/02 07:06

Stablecoin Issuer Circle Files for IPO on NYSE

Circle files for a traditional IPO, signaling its effort to blend digital currency with time-tested market standards and regulated financial practices.
bitcoin.com · 04/02 03:47

UK trade bodies ask government to make crypto a ‘strategic priority’

Several British trade associations have asked Prime Minister Keir Starmer’s office to appoint a special envoy dedicated to crypto and for a dedicated action plan for digital assets and blockchain technology.
Stephen Moore · 04/02 02:46

North Korea tech workers found among staff at UK blockchain projects

Google threat intelligence says North Korea’s fake workers have also increased extortion attempts as they’re under pressure to maintain money streams amid a US crackdown.
cointelegraph · 04/01 09:36

Bitcoin price gearing up for next leg of ‘acceleration phase’ — Fidelity research

A recent Fidelity Digital Assets report questioned whether Bitcoin’s price had already seen its cyclical “blow off top” or if BTC is on the cusp of another “acceleration phase.”
Cryptonews24.xyz · 04/01 06:38

Russia’s Irkutsk ‘Could Impose Year-round Crypto Mining Ban from April 1’

Putin reportedly agrees with Irkutsk Governor’s call for further action following wintertime ban.
CointimeSG · 04/01 06:04

Stablecoin rules needed in US before crypto tax reform, experts say

Crypto industry professionals say US regulation must clarify banking and stablecoins before focusing on taxes, as Trump-backed reforms push crypto into the spotlight.