CleanSpark is taking advantage of record low prices for ASIC mining hardware to expand its production capabilities as Bitcoin's value climbs. By purchasing equipment at an average cost of $13 per terahash, the company is securing a competitive advantage in the market.
This move aims not only to boost CleanSpark's mining efficiency but also to increase profitability as the market continues to rise.
Analysts suggest that timely investments like these during a market upswing can lead to significant revenue growth for CleanSpark.
Source: ultramining.com ↗