CleanSpark ( NASDAQ: CLSK ) said Tuesday that it expects to nearly double its bitcoin ( BTC-USD ) mining capacity after purchasing 45K new Antminer S19 XP machines for $144.9M. The bitcoin ( BTC-USD ) mining machines are expected to be ready for delivery by the manufacturer before the end of September. Once deployed, the machines will add over 6.3 exashahes per second of computing power to the company's current hashrate of 6.7 EH/s, a 95% jump. 25K of the newly acquired machines will be prepared for delivery in August, while the remaining 20K units are expected to be ready for delivery in September. The company said it's planning to deploy all of the units at its facility in Sandersville, Georgia, which is currently undergoing a 150 megawatts expansion, adding that all machines are slated to be fully operational before the end of 2023. CLSK stock climbed 12.4% as bitcoin ( BTC-USD ) surpassed $30K for the first time since last June, surging 6.7% . “'This bear market' has continued to provide us with opportunities to maximize ROI including the opportunity to purchase the industry’s best miner at an industry leading price," said CleanSpark CEO Zach Bradford. "We have chosen other units such as the S19 jPro+ over the S19 XP in the past because we believed the gap would close on the delta between the ROI of other units and the XP." The move comes about two months after CleanSpark acquired 20K Bitmain rigs at a 25% discount.
