Regardless of a 44% drop in Bitcoin (BTC) mining profitability over the previous 12 months, some Bitcoin mining firms have continued to increase and ramp up manufacturing, in line with current bulletins.

On June 1st, American bitcoin mining firm CleanSpark introduced that it had bought 12,500 model new Antminer S19 XP items for $40.5 million. The deal price $23 per terahash per second (TH/s), which is beneath the typical market value.

Contemporary off the press! $CLSK purchased extra miners at a value decrease than the present common market value. Roughly 12,500 Antminer S19 XP items had been bought for $40.5 million — or $23 per terahash.

The items have an influence effectivity of 21.5 joules per terahash… pic.twitter.com/TKRxhWXlzx

— CleanSpark Inc. (@CleanSpark_Inc) June 1, 2023

The information comes as bitcoin mining issue hit an all-time high of over 50 trillion on June 1, additional growing the stress on miners. The community hash charge was additionally close to its peak on Might 30 at 395 EH/s.

CleanSpark’s buy settlement known as for the producer to ship 6,000 machines in June, with the rest to be delivered in August.

Antminer S19 XP items have a hash charge of 141 TH/s, with the mixed buy providing an extra whole hash charge of 1.76 exahashes per second to the present 6.7 EH/s. Zach Bradford, CEO of CleanSpark stated:

“This buy ensures we’re poised to satisfy and doubtlessly exceed our year-end goal of 16 EH/s.”

CleanSpark’s mining farms are situated in Georgia. In accordance with its website, the corporate operates 67,700 mining machines and has mined 2,395 BTC 12 months thus far.

Bitcoin hash value final 12 months. Supply: Hashrate Index

In accordance with Hashrate Index, the corporate has continued its enlargement regardless of declining Bitcoin mining profitability, which has fallen to $0.071 per TH/s per day, down 44% over the previous 12 months and 82% for the reason that crypto market peaked on the finish corresponds to 2021.

In February, CleanSpark purchased 20,000 model new Antminer S19j Professional+ items and in April it added 45,000 S19 XP ASIC rigs to its fleet.

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In different current firm updates, Bitfarms introduced that it mined 459 BTC in Might, representing a 6.5% year-over-year enhance in manufacturing. “A 47% year-over-year enhance in our hash charge was offset by a 65% enhance in community issue over the identical interval,” stated Chief Mining Officer Ben Gagnon.

Cipher Mining introduced report manufacturing in Might with 493 BTC mined. The will increase had been because of the spike in transaction charges in the course of the BRC-20 memecoin minting growth, which peaked in early Might.

On Might thirty first, Compass Mining signed a take care of internet hosting supplier Arthur Mining to open a brand new facility in Ohio.

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