This Bitcoin Mining firm has added more Miners in 2022, Why?
The bear market was harsh on the entire industry. While several filed for bankruptcy a few others went on to increase their holdings as most assets were selling at discounted rates. Bitcoin miners witnessed huge losses this time. Despite this, prominent BTC miner CleanSpark went on to make huge purchases this year. According to reports, the company spent $5.9 million for 3,800 Antminer S19J Pro Bitcoin miners. These items were purchased by CleanSpark for $15.50 per terahash. It should be noted that the machine currently costs $22.94 and has the same efficiency. As a result, the company got these miners at a significantly lower cost. In addition to this, there were speculations that CleanSpark could have made this purchase from its rival Argo Blockchain. Earlier this week, the firm reported that it sold 3, 843 mining machines . The similarity in the numbers caused this speculation. Following its latest purchase, CleanSpark’s machines count rose to 50,000. The Bitcoin mine...