Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world
The company announced in a press release that with the latest purchase, the total amount of mining machines exceeds 26,500. Zach Bradford, CleanSpark boss, says the company succeeded to purchase machines at "incredible prices," without disclosing further details. He added:
"This most recent purchase demonstrates how CleanSpark continues to execute in distressed markets."
However, not all cryptocurrency mining firms are boosting their resources amid the crypto winter. As iHodl reported, bitcoin mining giant Argo Blockchain doesn't rule out it might become "cash flow negative" in the near term if it fails to attract fresh capital.
To boost its cash liquidity, Argo Blockchain sold 3,843 new Bitmain S19J Pro machines for $5.6 million.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange