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Here's the TLDR 

  1. Acquisition Details: CleanSpark has purchased 4.4 EH/s of Antminer S21 Bitcoin Miners.
  2. Projected Hashrate: CleanSpark expects to achieve a hashrate of over 20 EH/s.
  3. Efficiency: The new S21 miners have an efficiency rating of 17.5 joules per terahash (J/TH), which is 20% more efficient than the previous best, the XP.
  4. Operational Efficiency After Installation: Once all S21 machines are operational, CleanSpark expects an efficiency of 23.5 J/TH, a 17.25% improvement from their previous 28.4 J/TH.
  5. Purchase Financing: The machines were purchased with terms that include 20% seller-based financing of the total purchase price, which amounts to $12.35 million or $2.80/TH.
  6. Payment Terms: The financed amount is not due for 365 days after the machines are delivered.
  7. Delivery Date: The machines are expected to start arriving in January 2024.
  8. Positioning: CleanSpark is among the largest and most efficient publicly traded bitcoin miners in North America.

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CleanSpark | America's Bitcoin Miner™ | A Top Bitcoin Mining Company

CleanSpark is leaning into our green energy background to become a top Bitcoin mining company helping secure the blockchain for a better world.

Comments

Anonymous

The dilution of stock strategy rather than carrying debt keeps the stock price low. If they can stop diluting and use their hodl after the halving to grow there should be an additional stock price boost

Anonymous

converted my bitfarm stock to CLSK several weeks ago