CleanSpark Inc (NASDAQ:CLSK) told investors it has acquired 1,061 Whatsminer M30S machines that are already mining bitcoin at Coinmint's renewable-powered co-location facility, adding around 93 petahashes per second (PH/s) of computing power to CleanSpark's existing mining capacity.
The company's computing power has increased by 47% over the last six months, while its monthly bitcoin production has grown 50% in the same period.
"We are seeing unprecedented opportunities in this market," said Zach Bradford, the CEO of CleanSpark.
"Our tried-and-true hybrid approach of co-locating our machines while expanding our own mining facilities puts us in an excellent position to sustainably grow our bitcoin mining capacity in what is shaping up to be an incredible market for builders."
READ: CleanSpark says bitcoin production for the month ending June 30, 2022, was 339
The company noted it had bought the machines at a "substantially discounted" price compared to the spot market price from just a few months ago.
It is the second bulk purchase of machines in around one month. Just after the market downturn in June this year, the firm acquired, at an "exceptionally discounted" price, a purchase contract for 1,800 units of the Antminer S19 XP bitcoin mining machines, it added.
CleanSpark, a Nevada corporation, is currently a sustainable bitcoin mining and energy technology company that is solving modern energy challenges.
Contact the writer at giles@proactiveinvestors.com