From Investing.com:

CleanSpark Inc. is expanding its bitcoin mining capabilities with the acquisition of up to 160,000 Bitmain S21 miners, quintupling its hashrate to over 50 EH/s by year-end. The company has committed $193.2 million for the first batch of 60,000 units, with deliveries expected between April and June 2024. CEO Zachary Bradford sees this as a move to maintain operational efficiency and stay ahead of market trends, including the upcoming halving event.

The acquisition of Bitmain S21 miners is part of CleanSpark’s commitment to energy-efficient and environmentally responsible mining practices. This reflects the broader industry trend towards sustainable operations and seeks to anticipate potential price hikes tied to market trends.

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Read more: CleanSpark to boost hashrate fivefold with Bitmain miner deal By Investing.com