CleanSpark Purchases 20000 New Crypto Miners 240

Let's talk about crypto mining you news Clean spark appears to be doing good I'm Gonna get some water here because I'm Getting that that that cotton mouth [Music] So good Clean spark boost computing power by 37 With thousands of new bit main rigs the Bitcoin miner announced the purchase of 20 000 new antminer s19j Pro Plus at a 25 discount approximately 13.25 per Terra hash That's cheap as hell bro Bitcoin miner clean spark is growing its Mining capacity in the United States With the purchase of 20 000 new antminer S19j Pro Plus units for 43.6 million Dollars The acquisition is expected to boost the Company's competing Power by 37 percent And bring the total number of miners Purchased during the bear market up to 46 500 units According to a statement on February 16th cleanspark will pay 32.3 million Dollars for the machines after applying Coupons at a 25 discount or a total Price per Terra hash of approximately 13.25 the Pro Plus rigs are 22 percent More productive than their previous Models and are planned to be delivered In batches between March and may the Company is leveraging markets lower rig Prices to boost its mining capacity

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While Bitcoins price rebounds it's Showing 24 650 right now according to Data from hash rate index the current Price per tarash of Asics of the same Bitcoin mining efficiency are currently At 15.09 well below the 90.72 seen 12 Months ago clean spark said the antminer S19j Pro Plus model offers a better Return on investment compared to the Same Asic generation machines Well after they are fully operational They are expected to add 2.44 exahash Per second to clean Spark's existing 6.6 Exit Hash a second of Bitcoin mining Computing power for a total of nine eggs Ash a second con uh constituting a 37 Percent increase noted the company Cleanspark claims that the acquired Models continue to be more attractive to Its operations in the current market Conditions and I agree here's the thing we are in a Bear Market you have the best Opportunity to purchase used machines or Slightly used machines or even just a Generation old machines that are pretty Close in efficiency for less than the Latest and greatest and that will put You in a position to be able to survive During the bear market and then Potentially thrive in a bull market We're gonna be talking about this more Of course over on my locals page as well As a new basically I have a new workshop

Coming out here soon actually in it will Be in March I hope you guys will come Check that out we're going to be talking About this specific strategy as it Pertains to uh what to buy and how to Buy it when to buy it that sort of thing Established in 2017 octominer is an International mining hardware company They manufacture and engineer the best Mining equipment in the industry and Supply rigs to some of the largest Mining farms around the world their GPU Mining rigs also integrate with the top Crypto operating systems like Hive OS Miner stat and simple mining all parts Come with an international one-year Warranty exciting news they will be Adding Asic miners for sale to their Website soon and launching a new product Built specifically for Asic home miners Please visit octominer.com or email Support octominer.com for questions But if you wanted a basic idea clean Spark is the kind of blueprint here for Example clean spark disclosed in January A 16 million dollar expansion in the Site which is forecasted to increase the Tax rate by 2.2 exahash per second with Its total hash rate reaching as high as 8.7 X hash per second the facility was Acquired by the company in August last Year before taking over Mawson Infrastructure groups facility in Sandersville

After a tough year in 2022 with Declining Bitcoin prices and high Electricity costs publicly listed mining Companies saw a rise in mining Production hash rates in January According to an uh to an analysis from Hash rate index clean spark boosted its Bitcoin mining production by 50 during The month reaching a record monthly Production of 697 Bitcoin it's hash rate Rose to 6.6 eggs as a hash a second from 6.2 exahash a second in December other Public mining companies such as core Scientific Riot marathon and Cipher have Seen significant increases in Bitcoin Production in the past month helped by Stable electricity prices and better Weather conditions in the United States Keeping in mind of course that we are Moving into the spring and soon we'll be Hitting the summer and in the summer in Texas the electricity rates will go up And it will be significant so because Taxes in general is run majority of hash Rate in the United States now and Continues to climb the impact will be Pretty hefty if you're in a cold climate You know I think you're at a high a more Of an advantage Especially with these new mining rigs That is a An Inconvenient Truth being a Texan here that we do have to bring up The latest mining rigs even if water Cooled are putting themselves into a

Couple positions one they're getting Hotter because the basically More Voltage Chips are closer together more Compact And if even if you add liquid cooling on Top of that you put yourself into a Position where you have more basically Points of failure what I've seen in the Industry here recently especially in Texas is moving away from something that Is like liquid cooled And moving into immersion meaning it's Better to do what clean spark did here And instead of buying like the liquid Cooled versions of the s19s they're just Buying the s19j Pro Plus and then They're putting that in I mean you could Emerge them right let me go ahead and Make sure this is the correct one I'm Thinking about because that is The 100 Tera hash one right Yeah and then you can so if you do If you do an s19j Pro the 96 terahash Version right now uh you can immersive Cool it and overclock it to 170 terahash Right so You know The here here's what's important that You need to understand Because you can start pushing More Voltage and because the components are Even closer together There are massive advantages now for Immersion cooling right we're talking

About a 74 terahash increase from Immersion Cooling and that's going to Beat and that's on an older generation Model right you go to like the XP hybrid Or something you're doing 140 terahash Something like that but your liquid Cooled you have more points of failure It's a big nightmare you go immersion Cooling you buy some older Hardware You're in a much better position here It's just it makes sense it just it's Amazing right thanks for checking out This clip from the crypto mining show You can check out the full episode here Or more crypto content down here also I'd like you to check out my locals page At son of a tech.locals.com where you Can become a member for free or choose To be a five dollar a month supporter That unlocks additional content

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