Bitcoin miners have announced the sale of 20,000 new Antminer S19h Pro + at a 25% discount, about $ 13.25 per terahash.

Bitcoin miner CleanSpark is expanding its mining capacity in the United States with the purchase of 20,000 new Antminer S19j Pro+ units for $43.6 million. The acquisition is expected to increase the company’s computing power by 37% and bring the number of miners sold in the bear market to 46,500 units.

According to a statement on February 16, CleanSpark will pay $ 32.3 million for the machine after requesting a coupon at a 25% discount or a price per terahash (TH) of about $ 13.25. The Rig Pro+ is 22% more efficient than the previous model and is scheduled to ship between March and May.

The company is using the market’s low prices to increase its mining capacity, while Bitcoin

draw down

the sale. According to data from the Hashrate Index, the current price for TH ASIC for Bitcoin mining is currently at $ 15.09, below the $ 90.72 seen 12 months ago. According to CleanSpark, the Antminer S19j Pro+ model offers a better return on investment than similar ASIC processors.

“After full operation, they are expected to add 2.44 EH/s to 6.6 EH/s of the bitcoin mining capacity of CleanSpark (for a total of 9 EH/s), increasing by 37%,” said the company.

CleanSpark said the existing model is better suited for its operations in current market conditions. “S19j Pro+ offers 122 terahasshes per machine and saves an average of 2 joules of energy per terahash compared to the single S19j Pro model.”

15,000 new machines will be delivered to the company’s location in the city of Washington, Georgia. CleanSpark announced in January a $16 million network upgrade, which is predicted to increase its hash rate by 2.2 breaths per second (EH/s), with a maximum hash rate of up to 8.7 EH/s. The building was acquired by the company in August last year before it took over Mawson Infrastructure Group’s building in Sandersville.

After a difficult year in 2022 with falling Bitcoin prices and high electricity prices, mining companies publicly saw an increase in mining activity and hash rates in January, according to analysis from the Hashrate Index. CleanSpark increased its Bitcoin mining output by 50% in the month, reaching a monthly record of 697 BTC. Its hash rate increased to 6.6 EH/s from 6.2 EH/s in December.

Other public companies, such as Core Scientific, Riot, Marathon and Cipher have seen a significant increase in Bitcoin production in the past month, helped by the electricity prices. stability and better conditions in the United States.

Source: CoinTelegraph