The Bitcoin miner announced the purchase of 20,000 new Antminer S19j Pro+ at a 25% discount, approximately $13.25 per terahash.

Bitcoin miner CleanSpark is ramping up its US mining capacity by acquiring 20,000 new Antminer S19j Pro+ units for $43.6 million. This acquisition is expected to increase the company’s computing power by 37% and bring the total number of miners acquired during the bear market to 46,500 units.

According to the Feb. 16 announcement, CleanSpark will pay $32.3 million for the machines after applying 25% off coupons, or a total price per terahas (TH) of approximately $13.25. The Pro+ platforms are 22% faster than their predecessors and are scheduled to ship in batches between March and May.

The company is using lower prices on market devices to increase its mining power, while bitcoin

ticking down

price spikes. According to the Hashrate Index, the current price per TH ASIC with the same mining efficiency as Bitcoin is currently $15.09, well below the $90.72 seen 12 months ago. CleanSpark stated that the Antminer S19j Pro+ model provides a higher ROI compared to machines of the same generation of ASICs.

“When they are fully operational, they are expected to add 2.44 EH/s to the existing 6.6 EH/s of CleanSpark bitcoin processing power (total 9 EH/s), which is a 37% increase,” he noted at the company.

CleanSpark claims that the acquired models continue to be more attractive to its business in the current market conditions. “The S19j Pro+ delivers 122 terahertz per machine and saves an average of 2 joules of power per terahertz compared to the same generation S19j Pro model.”

A total of 15,000 new machines will be delivered to the company’s facilities in Washington, Georgia. In January, CleanSpark announced a $16 million site expansion that is projected to increase hash rates by 2.2 exahashes per second (EH/s), bringing the total hash rate to 8.7 EH/s. The facility was acquired by the company last August before it acquired the Mawson Infrastructure Group facility in Sandersville.

After a difficult 2022, when bitcoin prices and high electricity costs fell, public mining companies posted an increase in mining and hash rate in January, according to an analysis of the hashrate index. CleanSpark increased bitcoin mining by 50% within a month, reaching a record monthly mining volume of 697 BTC. Its hash rate increased to 6.6 EH/s from 6.2 EH/s in December.

Other publicly traded mining companies such as Core Scientific, Riot, Marathon and Cipher saw significant increases in bitcoin production last month, helped by stable electricity prices and better weather in the US.

Source: CoinTelegraph