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Bitcoin miner CleanSpark invested $43.6 million in a new Antminer S19j Pro, which in turn increased its mining level in the United States. The acquisition is expected to increase the company's computing skills by 37%, bringing the number of mines selected and purchased during the bear market to 46500.
According to a statement on Feb. 16, CleanSpark will pay $32.3 million for the machine at a 25% discount or coupons with a total price of about $13.25 per TB. The production efficiency of the Pro drilling rig is 22% higher than the previous model specifications and is scheduled to be delivered in stages between March and May.
The company is using relatively low rig prices in the market to boost its production capacity, while the price of BTC has rebounded. According to Hashrate Index, ASIC with the same bitcoin discovery quality currently costs $15.09 per TH, down from $90.72 in December. CleanSpark shows that the Antminer S19j Pro model specification offers a better rate of return than the same ASIC machines.
CleanSpark stressed: "when they are fully put into use, they are expected to increase the computing level of 6.6 EH/s bitcoin mining at CleanSpark by 2.44 EH/s (cumulative 9 EH/s), equivalent to an increase of 37%."
CleanSpark claims that in the current sales market environment, recycled models are once again more attractive for business. Each machine of the S19j Pro gives 122MHz energy, saving 2 joules per MHz compared with the same generation of S19j Pro models.
A total of 15000 new machines will be handed over to the company at its location in Washington, Georgia. CleanSpark announced a $16 million website reconstruction plan in January, predicting that its hash rate will increase by 2.2 EH/s, with a total hash rate of up to 8.7EH/s. The equipment was acquired by the company in August last year and later took over Mausen Infrastructure Group's equipment in Sandsville.
After a tough year of falling bitcoin prices and high electricity costs in 2022, mining companies saw an increase in mining production and hash rates in January, according to an analysis by Hashrate Index. CleanSpark increased its bitcoin mining output by 50% this month, reaching a record-breaking monthly total of 697 bitcoins. Its hash rate rose to 6.6 EH/s from 6.2 EH/s in December last year.
Other public mining companies, such as Core Science, Riot, Marathon and Cipher, have seen a surge in Bitcoin production in the past month, thanks to relatively stable electricity bills and better weather standards abroad.