CleanSpark plans to purchase 160,000 Bitmain S21 miners

ChainCatcher news, Bitcoin mining company CleanSpark announced the purchase of 160,000 Bitmain S21 mining machines. According to the terms of the agreement, CleanSpark has purchased 60,000 mining machines, with the first order valued at $193.2 million after discounts and coupons. Delivery is expected between April and June 2024.

In addition, the agreement also includes a strategic call option to purchase an additional 100,000 mining machines at a fixed price of $16/terahash before the end of the year. If the full call option is exercised, once all machines are deployed, CleanSpark's hash rate is expected to increase to approximately 50 EH/s, a 400% increase from the current hash rate of 10 EH/s.