CleanSpark buys 12,500 S19 XP miners for $40.5M; total hashrate to exceed 16 EH/s guidance

CLEANSPARK, INC.

Purchase of 12,500 Antminer S19 XP for $40.5M ($23/TH); adds 1.76 EH/s total hashrate.
Delivery schedule: 6,000 units in June, 6,500 units in August 2023.
Total hashrate (deployed + under contract) exceeds year-end target of 16 EH/s.
Machines rated at 21.5 J/TH; CEO cites optionality to replace older units consuming >30 J/TH.
First half (6,650 machines) fully funded and paid; CFO expects higher margins post-halving.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

CLEANSPARK, INC. entered into Future Sales and Purchase Agreement with Bitmain Technologies Delaware Limited valued at 12,500 S19 XP mining machines for $40,537,000 (effective 2023-05-26).

Action: entry
Counterparty: Bitmain Technologies Delaware Limited
Value: 12,500 S19 XP mining machines for $40,537,000
Effective: 2023-05-26

Exact text from the filing

On May 26, 2023, CleanSpark, Inc., a Nevada corporation (the "Company"), purchased 12,500 S19 XP mining machines for a purchase price of $40,537,000. The mining machines are scheduled for deliveries in June and August 2023. The purchase was made pursuant to the terms of a Future Sales and Purchase Agreement entered into by and between the Company and Bitmain Technologies Delaware Limited on May 26, 2023 (the "Agreement").

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CLEANSPARK, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-025545

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