{"id":35552,"date":"2022-09-08T07:54:15","date_gmt":"2022-09-08T11:54:15","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=35552"},"modified":"2022-09-08T07:54:18","modified_gmt":"2022-09-08T11:54:18","slug":"cleanspark-buys-new-machines-on-huge-discount","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/cleanspark-buys-new-machines-on-huge-discount\/","title":{"rendered":"CleanSpark Buys New Machines On Huge Discount"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\" id=\"h-the-company-has-been-taking-advantage-of-opportunities-to-expand-in-the-bear-market\">The company has been taking advantage of opportunities to expand in the<a href=\"https:\/\/www.google.com\/search?q=bear+market&sourceid=chrome&ie=UTF-8\" target=\"_blank\" rel=\"noreferrer noopener\"> bear market<\/a>.<\/h5>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/09\/image-48.png\" alt=\"CleanSpark Buys New Machines On Huge Discount\" class=\"wp-image-35556\" width=\"781\" height=\"459\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/09\/image-48.png 781w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/09\/image-48-300x176.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/09\/image-48-768x451.png 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/09\/image-48-150x88.png 150w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/09\/image-48-750x441.png 750w\" sizes=\"(max-width: 781px) 100vw, 781px\" \/><figcaption>CleanSpark Buys New Machines On Huge Discount<\/figcaption><\/figure>\n\n\n\n<p>CleanSpark (CLSK), a Bitcoin (BTC) miner, bought 10,000 new Bitmain Antminer S19j Pros for $28 million after <a href=\"https:\/\/coinscreed.com\/staging\/burned-carbon-credits-are-effective-according-to-expert.html\" target=\"_blank\" rel=\"noreferrer noopener\">credits and discounts<\/a>. This is a big discount from the price listed by the manufacturer.<\/p>\n\n\n\n<p>A <a href=\"https:\/\/coinscreed.com\/staging\/double-digit-inflation-uk-bitcoin-traders-expresses-concerns.html\" target=\"_blank\" rel=\"noreferrer noopener\">press release<\/a> on Wednesday said that the mining rigs were bought from a hardware broker called Cryptech Solutions for about $28 per terahash (Th). This is less than the $96\/Th listed on the manufacturer's website, where they are sold out. Instead of the price of the machine, mining rig prices are often given in dollars per terahash, which is a measure of computing power.<\/p>\n\n\n\n<p>&#8220;At the end of the bull market last year, we focused on building infrastructure instead of preordering equipment months in advance, which was the industry trend at the time,&#8221; said CleanSpark CEO Zach Bradford. This allowed CleanSpark to buy rigs at a discount during the bear market.<\/p>\n\n\n\n<p>In fact, the price of mining rigs has dropped by 40% in the last few months because <a href=\"https:\/\/coinscreed.com\/staging\/bitcoin-miners-under-pressure-as-mining-revenue-plummets-by-56.html\" target=\"_blank\" rel=\"noreferrer noopener\">bitcoin miners<\/a> who are having trouble making money are selling their machines for cash.<\/p>\n\n\n\n<p>It's the latest thing CleanSpark has done to find growth opportunities during the bear market. In June, the company bought contracts for 1 800 machines. In July, it bought another 1061 rigs. CleanSpark bought a new mining site with 3,400 machines in August. After all of the acquisitions, the company said that its hashrate will reach 5 exahash\/second by the end of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company has been taking advantage of opportunities to expand in the bear market. CleanSpark (CLSK), a Bitcoin (BTC) miner, bought 10,000 new Bitmain Antminer S19j Pros for $28 million after credits and discounts. This is a big discount from the price listed by the manufacturer. A press release on Wednesday said that the mining [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":35556,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[152,1462,777],"class_list":["post-35552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-cleanspark","tag-crypto-mining"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/09\/image-48.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/35552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=35552"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/35552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/35556"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=35552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=35552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=35552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}