Bitcoin Mining Difficulties A good thing for BTC Mining Company
- BTC price at time of writing – $21,571.19
- The Sandersville site includes 80 MW of the total capacity
- It supports 2.4 EH/s of BTC mining
Bitcoin miner CleanSpark has entered into an agreement to buy the Mawson Foundation Gathering’s mining office. This office remains in Sandersville, Georgia and was purchased for as much as $33 million.
CleanSpark has additionally agreed to purchase 6,468 mining ASICs from Mawson for approximately $9.5 million. The most extreme price tag for the office and excavators is $42.5 million.
The functional site in Sandersville contains 80 MW of the entire boundary. Also, it maintains 2.4 EH/s of BTC mining. Its all-out arranged limit is 230 MW, expected to help 7.0 EH/s.
This site will be equipped to support 70,000 state-of-the-art excavators capable of producing over 7.0 EH/s.
CleanSpark on assignment
The acquisition adds another achievement in a series of ongoing hedging coups made by CleanSpark during this year’s crypto crash. Recently, Cleanspark purchased 10,000 latest Antminer S19j Expert excavators for $28.0 million. This was after credits and limits. The scheme extended the Bitcoin mining limit by 1 EH/s.
Furthermore, on August 19, 2022, the organization completed acquiring a Bitcoin mining office in Washington, Georgia for $16.2 million. The site should add 2.6 EH/s.
Additionally, the association acquired yet another mining office in Georgia, Washington, on August 9, 2022. The organization entered into a consent to secure the mining office for $16.2 million.
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The site adds 93 PH/s of computing power
The site, currently at 36 megawatts, is expected to add 1.1 EH/s to CleanSpark’s hashrate in the current quarter. The organization has also purchased 3,400 of the Antminer S19 machines for $8.9 million.
In mid-July, Cleanspark reported that it has acquired 1,061 Whatsminer M30S machines. The site adds 93 PH/s of computing capacity to the organization’s mining limit.
Over the course of a couple of months, tasks have become increasingly difficult for excavators due to high energy costs and falling BTC costs. Due to this explanation, lots of mining sites are obtained by big mining companies.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while graduating. A keen observer of detail, he shares his passion for writing alongside being a developer. His backend knowledge of blockchain helps him bring a unique perspective to his writing
