Crypto miner CleanSpark mulls buying 160K Bitcoin miners by 2025

Jan 08. 2023

By Brayden Lindrea

United States-based Bitcoin (BTC) miner CleanSpark Inc. has announced a strategic agreement that could see it purchase up to 160,000 miners by the end of 2024.

According to a Jan. 8 statement, the firm purchased 60,000 Bitmain S21 units at $16.10 per terahash for $193.2 million. Delivery is expected to take place between April and June 2024.

The company may also exercise a strategic call option to purchase an additional 100,000 machines for $16 per terahash before the end of 2024, it noted.

If all 160,000 miners are installed, CleanSpark expects its hash rate to reach 50 exahashes per second (EH/s) — a 400% increase from its current 10 EH/s.

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