CleanSpark Spends Some of Its Bitcoin to Buy 4,500 New Mining Machines

Posted on by American Coins & Gold

CleanSpark Spends Some of Its Bitcoin to Buy 4,500 New Mining Machines
Bitcoin miner CleanSpark (Nasdaq: CLSK) has purchased 4,500 Antminer S19 bitcoin mining machines, funded partially by the sale of the company’s bitcoin holdings, CleanSpark announced Tuesday.“By making a conscious effort to reinvest in additional production, we are taking a market-based approach to our mining operations and maximizing value for our shareholders,” said CleanSpark Chief Executive Officer Zach Bradford in a press release. “We understand that using our bitcoin to support our operations and expansion is a paradigm shift for the digital currency mining industry in North America.”CleanSpark’s spending goes against the current trend of companies like Riot Blockchain, Marathon Digital…