Utah-based tech firm CleanSpark (NASDAQ: CLSK) mentioned Thursday it has signed contracts to buy 22,680 bitcoin mining machines to fulfill “instant wants” and enhance manufacturing capability.
In a press release, CleanSpark mentioned it’s buying S19j Professional and S19 Professional Antminers with the purpose to extend complete hash charge capability to over 1.1 EH/s by summer time. The corporate has purchased 7,200 Sj19 Professional Antminers from Bitmain Applied sciences and has signed contracts with one other unnamed cryptocurrency mining tools supplier to buy 15,480 rigs.
It’s simply the newest agency to ramp up its mining arsenal in latest weeks as the value of bitcoin flirts with all-time highs. Notably, bitcoin mining is just one of CleanSpark’s energy offerings.
“Time is cash on this business, and we needed to make sure that we have now each our instant wants coated however we additionally needed to look to the longer term to make sure we had a dependable baseline provide of future miner deliveries secured to help our long-term development,” mentioned CleanSpark Chief Govt Zach Bradford.
As reported by CoinDesk, bitcoin’s hashrate, which is a strategy to measure the full energy consumption and mining output of the community, has topped a brand new all-time excessive as mining companies like CleanSpark proceed so as to add extra hash energy.
CleanSpark’s shares had been buying and selling down 2.48% at $20.80 on the time of publication.