Cleanspark Inc. (NASDAQ: CLSK) has announced that it has exceeded 17 exahashes per second (EH/s) of operating hashrate and has exercised its option to purchase 100,000 Bitmain S21 Pros, or 23.4 EH/s of machines. This purchase is an amendment to an existing agreement with Bitmain, allowing the company to acquire the more efficient S21 Pro model at an industry-low price of $16 per terahash. The S21 Pro operates at 15 joules per terahash (J/TH), marking a 14% improvement over the S21 miner, which is currently the most efficient miner available on the market at 17.5 J/TH.
This upgrade to the new S21 Pro represents a 17% increase in hashrate, or approximately 3.4 EH/s more hashrate for Cleanspark. Zach Bradford, CEO of the company, emphasized the importance of efficiency, stating that it is the most critical variable as they head into the halving. He expressed confidence that Cleanspark has solidified its position as the most efficient publicly traded bitcoin miner at scale in North America.
The new S21 Pros are scheduled for delivery between June and December 2024. Cleanspark has positioned itself as one of the largest publicly traded bitcoin miners globally, consistently surpassing its peers in terms of bitcoin produced per exahash of operating hashrate, according to publicly available data.
This milestone comes as Cleanspark's recently acquired data center in Dalton, GA, goes online. The company's extraordinary scale has allowed for meaningful gains in bitcoin production without increasing the energy use of its data centers, positioning it to take advantage of opportunities that the halving affords, while contributing to a decrease in the network's energy consumption.
Cleanspark's commitment to low-carbon power and responsible infrastructure in support of bitcoin underscores its dedication to trust and transparency among its employees and the communities in which it operates.
As a result of this development, Cleanspark has solidified its position as a major player in the bitcoin mining space, with an eye toward sustained growth and efficiency in the years to come. As a result of these announcements, the company's shares have moved -4.3% on the market, and are now trading at a price of $15.19. Check out the company's full 8-K submission here.
