CleanSpark – TheNewswire - (CLSK) has announced the purchase of 10,000 brand-new Bitmain Antminer S19j Pro units, for a total purchase price of $28 million, from Cryptech Solutions. The new servers are expected to be delivered to CleanSpark’s facilities within the next two months.

The Company says that its sustainable growth strategy, coupled with the current cryptocurrency market conditions, enabled it to purchase the machines at substantial discount.

Zach Bradford, CEO of CleanSpark stated: "During the tail end of the bull market last year, we strategically focused on building infrastructure instead of following the then industry trend of pre-ordering equipment months in advance. This strategy positioned us to make purchases of landed rigs at significantly lower prices, thus reducing the time between deploying capital and hashing, accelerating our return on investment.”

The purchase follows CleanSpark’s recent milestone of exceeding a bitcoin mining hashrate of 3.0 EH/s as well as the acquisition of its third mining site. CleanSpark now has more than 40,000 operating bitcoin mining machines with a daily production high of 14.9 bitcoins and a current hashrate of 3.8 EH/s.

CleanSpark is a Forbes 2022 America's Best Small Company and holds the 44th spot on the Financial Times' List of the 500 Fastest Growing Companies in the Americas. Shares of CleanSpark trade on the NASDAQ under the ticker symbol CLSK. For more information visit www.greenstocknews.com.

Disclaimer

This content is not financial advice and is for information, education and entertainment purposes only. Green Stock News is not responsible for any losses related to the financial decisions made by you. Video content and other materials including web content are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Green Stock News is not responsible for any gains or losses that result from the opinions expressed in this video or in other investor relations materials that it publishes electronically.

View original video news clips here: https://greenstocknews.com/green-stock-newswire 

Copyright (c) 2022 TheNewswire - All rights reserved.