CleanSpark CEO Zachary Bradford said the strategic call option is a “hedge” against rising miner prices, which he said went up as much as fivefold in the last bull market.
United States-based Bitcoin (BTC) miner CleanSpark Inc. has announced a strategic agreement that could see it purchase up to 160,000 miners by the end of 2024.
According to CleanSpark’s Jan. 8 statement, the firm purchased 60,000 Bitmain S21 units at $16.10 per terahash for $193.2 million. Delivery is expected to take place between April and June 2024.
The company may also exercise a strategic call option to purchase an additional 100,000 machines for $16 per terahash before 2024’s end, it noted.
