CleanSpark, a Bitcoin miner, is expanding its mining capacity in the United States by purchasing an additional 20,000 Antminer S19j Pro+ machines at a total cost of $43.6 million. The acquisition is anticipated to increase the company’s processing capacity by 37%. Furthermore, the transaction will bring the total number of miners acquired during the bear market to 46,500 units.

After applying 25% discount coupons, CleanSpark will pay $32.3 million for the machines. This results in a total price per terahash (TH) of around $13.25, as stated in a statement published on February 16. Pro+ PCs are expected to ship in batches between the months of March and May, and are 22% more productive than their previous versions.

The company is increasing its mining capacity by taking advantage of declining market rig prices to do so while the price of Bitcoin (BTC) is on the rise. According to information provided by Hashrate Index, the price per TH of ASICs with the same mining effectiveness as Bitcoin is currently at $15.09, which is a significant drop from the $90.72 price seen a year ago. anus. Compared to other computers of the same ASIC generation, the Antminer S19j Pro+ model, according to CleanSpark, provides a higher return on investment.

According to the company, “once fully operational, they are projected to add 2.44 EH/s to CleanSpark’s current 6.6 EH/s of bitcoin mining processing capacity (for a total of 9 EH/s )”, which would represent an increase of 37%.

CleanSpark asserts that the models purchased continue to be more attractive to its operations in current market circumstances and that this trend is likely to continue for the foreseeable future. “The S19j Pro+ delivers 122 terahashes per machine and saves an average of 2 joules of energy per terahash compared to the same-generation S19j Pro model,” the company said, adding that a total of 15,000 of the new machines will ship. . to company locations in Washington, Georgia. CleanSpark announced in January that the site will receive a $16 million extension. This expansion is expected to result in a hash rate increase of 2.2 exhashes per second (EH/s), bringing the overall hash rate to 8.7 EH/s. Before moving into the Sandersville facility previously occupied by Mawson Infrastructure Group, the firm purchased the building in August of the previous year.

According to research by Hashrate Index, publicly traded mining companies saw an increase in their mining production as well as their hash rates in January, after a challenging year in 2022 that was marked by falling mining prices. Bitcoin and rising energy costs. The amount of Bitcoin that CleanSpark mined for the entire month increased by 50 percent, hitting a new monthly production high of 697 BTC. Since December, when it was 6.2 EH/s, its hash rate has increased to 6.6 EH/s.

Other public mining companies, such as Core Scientific, Riot, Marathon, and Cipher, have seen significant increases in Bitcoin production over the course of the past month. This was possible thanks to the constant increases in the cost of electricity in the United States, as well as better weather conditions.