

This strategy, coupled with the Company’s proprietary mining model, has allowed CleanSpark to outgrow the bitcoin network more than any other publicly traded bitcoin mining company in the year ending January 2023.ĬleanSpark (NASDAQ: CLSK) is America’s Bitcoin Miner™.
Cleanspark mining pro#
Furthermore, the S19j Pro+ delivers 122 terahash per machine and saves an average of 2 joules of energy per terahash compared to the S19j Pro model of the same generation.ĬleanSpark mines predominantly with low-carbon energy sources and continues to follow a capital management strategy of selling a major portion of its mined bitcoins to reinvest in growth. The Antminer S19j Pro+, and other models in the same ASIC-generation as the higher-priced S19 XP, continue to be more attractive to the Company in the current market conditions than the XP because of their better return on investment. We exercise tremendous control over our infrastructure and, therefore, our ability to be highly efficient in the way we allocate our resources.” This is the advantage of proprietary mining or the ‘prop mining’ model. “As machines are delivered to us we will have rackspace waiting for them at one of our sites. “Building and owning our own mining campuses at multiple locations provides us with a level of agility and reliability that cannot be achieved otherwise,” said Zach Bradford, CEO of CleanSpark. Depending on the state of development of the site and the pace of order fulfillment by the manufacturer, the Company may redirect a portion of the 15,000 units to one of its other facilities. After they are fully operational, they are expected to add 2.44 EH/s to CleanSpark’s existing 6.6 EH/s of bitcoin mining computing power (for a total of 9 EH/s), constituting a 37% increase.ĬleanSpark plans to deploy the fleet of new machines at its wholly-owned bitcoin mining locations in the USA with 15,000 of them planned for its Washington, Georgia, facility which it acquired in August and is undergoing a planned 50 MW expansion.

The Pro+ is more power-efficient and 22 percent more productive than the popular Antminer S19j Pro model and will be shipped in batches, with deliveries starting as early as next month.Īll batches are expected to be delivered by the manufacturer to the Company’s mining campuses by the end of May. After coupons, the Company expects to pay $32.3 million, for a discount of 25% or a total price per terrahash of approximately $13.25. (Nasdaq: CLSK) (“CleanSpark'' or the “Company”), America’s Bitcoin Miner™, today announced a purchase of 20,000 brand new Antminer S19j Pro+ (plus) units, a newly released model of the latest generation of bitcoin mining machines, for $43.6 million. 16, 2023 (GLOBE NEWSWIRE) - CleanSpark Inc.
