The Declaration of Cleanspark’s Intent to Purchase 4.4 EH/s of Bitmain’s New S21 Antminers
Recently, bitcoin mining company Cleanspark made public their decision to secure 4.4 exahash per second (EH/s) of Bitmain’s cutting-edge S21 Antminers. The market quote for this assembly lies at around $61.6 million, breaking down to roughly $14 for every terahash per second (TH/s). The company, established in the market sector, refrained from releasing the specifics in this regard.
Cleanspark Leapfrogs Mining Competencies, Procures 4.4 EH/s of Bitmain’s Fresh S21 Antminers
Cleanspark, a renowned company venturing in bitcoin mining based in the U.S., has made known its acquisition of Bitmain’s new 4.4 EH/s S21 miners. As per the briefing, the S21 Antminers by Bitmain demonstrate an efficiency metric of 17.5 joules per terahash (J/TH). This suggests the transaction most likely comprised the air-cooled S21 models.
The mentioned air-cooled S21 models derive 200 TH/s each, compelling the need for 22,000 units to enable the firm to reach the 4.4 EH/s mark. The total valuation of these machines, according to Cleanspark’s estimates, is $61.6 million.
Bitmain is shouldering the capital expenses for the pending 20%, with the remaining costs deferred till a year post the completion of the delivery. This suggests an advance outlay of $11.2 per TH/s. The briefing specified that the consignments are expected to commence deliveries in January 2024.
Cleanspark’s procurement follows in the footsteps of Iris Energy’s similar deal of securing Bitmain’s S21 hardware of 1.4 EH/s for $19.6 million. Bitcoin mining entities are gearing up for the upcoming reward halving, which is only 196 days away. In order to boost earnings, it is essential that the joules per terahash ratio be improved.
Cleanspark’s CEO, Zach Bradford, elucidated his reasons behind the integration of the S21 into their mining operations on Wednesday. He stressed that their commitment to leveraging the most efficient mining technology was the driving force.
The changes brought about by Cleanspark’s acquisition of 4.4 EH/s of Bitmain’s S21 miners promise to be interesting. Have any thoughts or views on this matter? Feel encouraged to discuss this topic in the comments section below.
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Frequently asked Questions
1. What is the significance of Cleanspark acquiring Bitmain’s new S21 Antminers?
Cleanspark’s acquisition of Bitmain’s S21 Antminers is significant because these mining machines have a hashing power of 4.4 EH/s, allowing Cleanspark to increase its mining capacity significantly.
2. How does the acquisition of S21 Antminers prepare Cleanspark for Bitcoin reward halving?
Acquiring Bitmain’s S21 Antminers with a high hashing power enables Cleanspark to mine a larger quantity of bitcoins, compensating for the reduced block rewards resulting from the Bitcoin reward halving.
3. What is the estimated impact of the new S21 Antminers on Cleanspark’s mining capabilities?
The new S21 Antminers, with a total hashing power of 4.4 EH/s, will substantially enhance Cleanspark’s mining capabilities, allowing them to process more mining operations and potentially increase their overall profitability.
4. Are the S21 Antminers more efficient compared to previous mining equipment used by Cleanspark?
Yes, the S21 Antminers are designed to be more efficient compared to previous mining equipment. They offer higher hash rates per unit of electricity consumed, resulting in improved energy efficiency and reduced operational costs for Cleanspark.
5. How will Cleanspark’s increased mining capacity impact the overall Bitcoin network?
By acquiring the S21 Antminers and increasing their mining capacity, Cleanspark will contribute to the overall hash rate of the Bitcoin network. This increased hash rate enhances the network’s security and stability.
6. Is Cleanspark’s acquisition of Bitmain’s S21 Antminers a strategic move?
Yes, Cleanspark’s acquisition of Bitmain’s S21 Antminers can be seen as a strategic move to strengthen their position in the Bitcoin mining industry. It allows them to expand their operations and stay competitive in the market.
7. How does the acquisition of S21 Antminers align with Cleanspark’s long-term growth plans?
The acquisition of Bitmain’s S21 Antminers aligns with Cleanspark’s long-term growth plans by enabling them to increase their mining capacity. This positions Cleanspark to take advantage of future opportunities in the Bitcoin mining sector and maximize their profitability.