Crypto mining firm CleanSpark announced the purchase of more than 1,000 Bitcoin miners amid the market downturn, reporting a \u201csubstantially discounted price\u201d compared to that earlier in 2022.<\/p>\n
In a Thursday blog spot, CleanSpark said it had acquired 1,061 Whatsminer M30S rigs currently mining Bitcoin (BTC) at the Coinmint facility in New York, whose space the company shares with Riot Blockchain. The mining firm said it had purchased the machines for far less of price than that \u201cjust a few months ago,\u201d hinting the recent bear market was responsible. CleanSpark also bought 1,800 Antminer S19 XP rigs in June following the market downturn.<\/p>\n
\u201cWe are seeing unprecedented opportunities in this market,\u201d said CleanSpark president and CEO Zach Bradford. \u201cOur tried-and-true hybrid approach of co-locating our machines while expanding our own mining facilities puts us in an excellent position to sustainably grow our bitcoin mining capacity in what is shaping up to be an incredible market for builders.\u201d<\/p>\n
According to CleanSpark, the addition of the 1,063 miners added 93 petahashes per second (PH\/s) to the firm\u2019s total hash rate, reported to be 2.8 exahashes per second (EH\/s) as of June 30. The miners brought in a 1,863 BTC, 328 of which CleanSpark reported selling in June for roughly $8.4 million \u201cfor operations and growth.\u201d<\/p>\n