Many Bitcoin (BTC) At a time when its miner was short of cash, CleanSpark purchased an additional line of machines consisting of 3,843 Antminer S19J Pro machines for a total of $5.9 million.
“We Will Be Ready If The Bitcoin Market Improves In The Next Few Months”
The company had recently purchased more than 16,000 machines at a discounted price, along with two plants from other operators.
Company CEO, CEO Zach Bradford, said in his statement on the subject:
“This latest acquisition demonstrates how CleanSpark continues to operate in distressed markets.”
The CEO also stated that “their unwavering focus on sustainability gives them a strong balance sheet and operating strategy, which allows them to buy machines at incredible prices, increase their hashrate, and increase their daily Bitcoin production in anticipation of improving market conditions in the next few months.”
CleanSpark purchased these new machines for $15.50 per terahash. That’s pretty cheap considering Bitmain sold the same Bitcoin mining machine for $116 per terahash in January.
With the latest acquisition, the company has purchased more than 26,500 mining rigs in recent months.
It does not go unnoticed that companies have recently invested more in the sector. This shows that the institutions are thinking positively about the improvement of the market in the upcoming period.
*Not investment advice.
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