US cryptocurrency mining company TeraWulf has just announced the purchase of 18,500 Antminer S19j XP miners from Bitmain for a total of $53.4 million.
The new devices will reportedly enable the company's hashrate to increase by 58% by the end of the year to 7.9 EH/s.
Company representatives have stated:
"Coupled with a realized average cost of power of 3.5 cents per kilowatt hour and average availability in excess of 98%, we are not only expanding hashing capacity with this order but simultaneously positioning the Company for increased profit margins ahead of the next halving."
The devices will be delivered in equal batches in October, November and December. They will be installed at the Lake Mariner data center in New York State.