On Wednesday, Cleanspark, a U.S.-based bitcoin mining corporation listed on Nasdaq under the ticker “CLSK”, announced that it has secured 4.4 exahash per second (EH/s) of Bitmain’s newest S21 Antminers. Financial details disclosed by the publicly-traded firm reveal that this acquisition is estimated to be worth around $61.6 million, which breaks down to $14 for every terahash per second (TH/s).
In Furtherance of Its Mining Objectives, Cleanspark Obtains 4.4 EH/s of Bitmain’s S21 Antminers
The U.S. bitcoin mining company, Cleanspark, made public its acquisition of 4.4 EH/s from the mining hardware juggernaut, Bitmain. Although the full details were not provided, available data suggests that the Bitmain S21 Antminers have an operational efficiency of 17.5 joules per terahash (J/TH). This efficiency rate implies that the acquisition likely pertains to the air-cooled S21 variants.
To achieve the 4.4 EH/s capacity, it is estimated that the purchase involved approximately 22,000 units of these air-cooled S21 models, which individually offer 200 TH/s. Cleanspark values this entire transaction at $61.6 million.
Notably, Bitmain will cover the costs for the remaining 20%, with the rest deferred to a year after the equipment is delivered. This arrangement points to an initial payment of $11.2 per TH/s. It is projected that the first of these deliveries will commence in January 2024.
This strategic move by Cleanspark follows a similar action by Iris Energy, which recently acquired 1.4 EH/s of Bitmain’s S21 equipment for a sum of $19.6 million. As the next bitcoin reward halving approaches in just 196 days, bitcoin mining giants are making preparations. Improving the joules per terahash ratio is vital for increasing potential revenue.
Zach Bradford, the CEO of Cleanspark, articulated on Wednesday, “The integration of the S21 models into our mining processes aligns with our dedication to employ the most cutting-edge and efficient mining technologies.”
We invite readers to share their insights and perspectives regarding Cleanspark’s acquisition of 4.4 EH/s of Bitmain’s latest S21 Antminers in the comment section below.
Frequently Asked Questions (FAQs) about fokus keyword: Cleanspark’s S21 Antminer Acquisition
What did Cleanspark acquire from Bitmain?
Cleanspark secured 4.4 exahash per second (EH/s) of Bitmain’s newest S21 Antminers.
How much is the acquisition valued at?
The acquisition is estimated to be worth approximately $61.6 million.
Which specific model of the S21 Antminers did Cleanspark likely purchase?
Cleanspark likely purchased the air-cooled S21 models, as they have an operational efficiency of 17.5 joules per terahash (J/TH).
How many units of the air-cooled S21 models were likely involved in the acquisition to reach 4.4 EH/s?
It is estimated that around 22,000 units of the air-cooled S21 models were involved in the acquisition to achieve the 4.4 EH/s capacity.
When are the shipments of the acquired miners expected to start?
The first of these deliveries is projected to commence in January 2024.
Why are bitcoin mining companies, like Cleanspark, making these acquisitions?
With the next bitcoin reward halving approaching in just 196 days, bitcoin mining entities are making preparations. Improving the joules per terahash ratio is vital for maximizing potential revenue.
What did the CEO of Cleanspark, Zach Bradford, say regarding the acquisition?
Zach Bradford stated that integrating the S21 models aligns with Cleanspark’s dedication to employing the most advanced and efficient mining technologies.
More about fokus keyword: Cleanspark’s S21 Antminer Acquisition
- Cleanspark’s Official Press Release
- Bitmain’s S21 Antminer Product Details
- Nasdaq Listing for Cleanspark (CLSK)
- Bitcoin Reward Halving Explained
- Overview of Mining Efficiency Metrics