CleanSpark to Purchase Up to 160,000 Bitmain S21 Miners, Boosting Bitcoin Hashrate to 50 EH/s

CleanSpark Inc., a Bitcoin mining company listed on Nasdaq, has announced an agreement to purchase up to 160,000 Bitmain S21 miners, potentially quadrupling its current hashrate to 50 EH/s. The initial agreement involves the acquisition of 60,000 units, contributing 12 EH/s, with shipping scheduled for Q2 2024. CleanSpark also has the option to buy another 100,000 miners at a fixed rate until the end of the year. CEO Zachary Bradford stated that this strategic agreement enhances operational efficiency, provides optionality, and positions the company to maximize opportunities on the horizon.