BTC miner CleanSpark scoops up thousands of miners amid 'distressed markets'

Cointelegraph

Published Nov 01, 2022 11:00PM ET

Updated Nov 02, 2022 12:40AM ET

Sustainability-focused Bitcoin (BTC) mining company CleanSpark has snapped up another 3,843 cryptocurrency miners amid a backdrop of mining industry consolidation.

The $5.9 million purchase of the Antminer S19J Pro Bitcoin miners announced by the company on Nov. 1 came at a price of $15.50 per terahash — far cheaper than the current market price of $22.94 for a machine with the same efficiency according to data from Hashrate Index.

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