CleanSpark Purchases IDR 2.1 Trillion Bitcoin Mining Machine

JAKARTA - CleanSpark, a US-based cryptocurrency mining company, recently announced the purchase of 45.000 units of Antminer S19 XP Bitcoin mining machines worth USD 144.9 million (IDR 2.1 trillion). CleanSpark, which currently has a computing power of 6.7 EH/s, plans to use the new equipment to increase mining capacity to 13 EH/s.

The Antminer S19 XP, which has been dubbed the "most efficient Bitcoin mining machine" on the market today by CleanSpark CEO Zach Bradford, is expected to become a key component in the company's operations. The new machines are scheduled to arrive in two phases, with 25.000 units to be distributed in August and the remaining 20.000 units to arrive in September. All equipment will be housed at CleanSpark's mining facility in Sandersville, Georgia.

This massive purchase is in line with CleanSpark's strategy ahead of the Bitcoin "halving" expected in the spring of 2024. The halving is an event where the number of new block rewards created in Bitcoin mining is reduced by half, from the current 6.25 BTC to 3.125 BTC. Many experts believe that this process will trigger an increase in the price of the main cryptocurrency, as was the case on previous occasions.

Bradford said, "As the Bitcoin halving approaches, our focus on operational efficiency, technical expertise and strategic cash management will play a critical role in cementing CleanSpark's position among the top Bitcoin mining companies in America."

CleanSpark has also acquired a site in Washington, Georgia for $16.2 million in the summer of 2022. The facility is being expanded to accommodate up to 16.000 mining machines. Bradford believes this expansion will increase CleanSpark's power capacity by 50 MW, doubling the existing infrastructure by 36 MW.

"With this second phase, our operating size will more than double what it was before. We look forward to expanding our relationship with the City of Washington community and supporting the construction work that will come with this expansion," said Bradford.

CleanSpark plans to continue to expand their operations and become a major player in the Bitcoin mining industry in America. It is hoped that this large purchase of Antminer S19 XP will strengthen their position and increase their mining capacity in the face of dynamic market changes.