Regardless of a 44% decline in Bitcoin (BTC) mining profitability during the last yr, some Bitcoin mining firms have continued to construct and improve manufacturing, in accordance with current bulletins.
On June 1, American Bitcoin mining agency CleanSpark introduced that it had bought 12,500 brand-new Antminer S19 XP items for $40.5 million. The deal labored out at $23 per terahash per second (TH/s) which is decrease than the common market value.
Scorching off the press! Extra miners have been bought by $CLSK for decrease than the present common market value. Roughly 12,500 Antminer S19 XP items have been purchased for $40.5 million – or $23 per terahash.
The items have a power-efficiency ranking of 21.5 joules per terahash… pic.twitter.com/TKRxhWXlzx
— CleanSpark Inc. (@CleanSpark_Inc) June 1, 2023
The information comes as Bitcoin mining issue reached an all-time excessive of over 50 trillion on June 1, placing additional stress on miners. The community hash price was additionally close to its peak stage at 395 EH/s on Might 30.
CleanSpark’s buy settlement stipulated that 6,000 machines are scheduled to be shipped by the producer in June, and the rest shall be shipped in August.
Antminer S19 XP items have a hash price of 141 TH/s, with the mixed buy offering a further complete hash price of 1.76 exahashes per second to its present 6.7 EH/s. Zach Bradford, CEO of CleanSpark, mentioned:
“This buy ensures that we’re ready to fulfill and probably exceed our year-end goal of 16 EH/s.”
CleanSpark’s mining farms are situated in Georgia. In response to its web site, the agency has 67,700 mining machines in operation and has mined 2,395 BTC year-to-date.
The corporate has continued its enlargement regardless of declining Bitcoin mining profitability, which has declined to $0.071 per TH/s per day, down 44% over the previous 12 months and 82% because the crypto market peak in late 2021, in accordance with Hashrate Index.
In February, CleanSpark bought and paid for 20,000 brand-new Antminer S19j Professional+ items and in April it added 45,000 S19 XP ASIC rigs to its fleet.
Associated: Mining issue passes 50 trillion — 5 issues to know in Bitcoin this week
In different current firm updates, Bitfarms introduced that it had mined 459 BTC in Might, rising manufacturing by 6.5% year-on-year. “A 47% year-over-year improve in our hash price was offset by a 65% improve in community issue in the identical interval,” mentioned Chief Mining Officer Ben Gagnon.
Cipher Mining introduced a report manufacturing in Might with 493 BTC mined. The will increase have been because of the transaction payment spike throughout the BRC-20 memecoin minting craze that peaked in early Might.
On Might 31, Compass Mining inked a deal with internet hosting supplier Arthur Mining to open a brand new facility in Ohio.
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