CleanSpark Inc (NASDAQ:CLSK) announced that it has taken over an existing purchase contract for 1,800 Antminer S19 XP units as it continues to expand its infrastructure.
The sustainable bitcoin mining and energy technology company said once fully deployed, the machines are expected to add over 252 petahashes per second (PH/s) to its bitcoin mining capacity.
“We were able to secure the contract at an exceptional price because of our strategic relationships and the unique circumstances that current market conditions have created,” CleanSpark CEO Zach Bradford said in a statement.
READ: CleanSpark reports four-fold increase in fiscal 2Q revenue to $41.6M
“Our infrastructure-first approach has given us substantial opportunities in the face of ever-changing market conditions, ultimately positioning us to deliver incredible value to our shareholders as we continue the important work of securing the bitcoin blockchain,” Bradford added.
CleanSpark noted the Antminer S19 XP machines will start arriving at the company's facilities sometime in August, and shipping will continue through the next six months.
In addition, the company announced a partnership with TMGcore Inc, a global leader in the development, commercialization and deployment of high performance computing solutions, which includes ASIC mining applications, to expand its immersion-cooled infrastructure for sustainable mining.
It added that it has concurrently secured cutting-edge immersion-cooling infrastructure from TMGcore, which CleanSpark says underscores its commitment to the sustainable future of bitcoin mining.
The new partnership with TMGcore includes 257 units of TMGcore’s proprietary immersion-cooled tanks that are specifically designed to improve the performance of mining machines while substantially decreasing their failure rates over long term use, according to the company.
CleanSpark, a Nevada corporation, is a sustainable bitcoin mining and energy technology company that is solving modern energy challenges.
Contact Sean at sean@proactiveinvestors.com