![]() ![]() At the time of writing, Blue Safari is trading at $10.26 and is up 3% year-to-date. Indeed, the price of mining rigs has fallen by 40 in the past few months as struggling bitcoin miners are offloading their machines for cash. (CleanSpark, we, our, the 'Company') was incorporated in the State of Nevada on October 15, 1987, as SmartData Corporation. Despite the setbacks, Blue Safari’s price has been steadily on the rise since the start of the year, which seems counterintuitive in a market that has soured on SPACs and is shivering through a crypto winter. Bitcoin (BTC) miner CleanSpark (CLSK) has purchased 10,000 new Bitmain Antminer S19j Pros for 28 million after credits and discounts, a significant markdown from the manufacturers listed price. in November 2021, but the deal has since been pushed back twice with the new date set for Dec.14. The combined value of the acquisitions was $67.6 million.īitdeer filed to go public via a deal with a special-purpose acquisition company (SPAC) called Blue Safari Group Acquisition Corp. Between August and September, CleanSpark acquired two mining facilities in Georgia from Mawson Infrastructure Group and Waha Technologies. “You can try if you’re Bitdeer, but it's pretty hard to convince investors to do that today.”ĬleanSpark is another example of a bitcoin miner moving to capitalize on cheaply available equipment. “There's a downside protection to these companies in the form of falling competition, and it's not just that power costs have gone up and bitcoin price has gone down, it’s also that third piece the capital markets, you can't raise money to build a bitcoin operation today,” Brendler says. At the same time, the machine sell-off provides those well-capitalized companies with efficient mining infrastructure (read: power purchase agreements) in place an opportunity to grow as the market consolidates. A declining hash price, rising energy costs and panicked selling of machines suggests the value of these computers has further to fall. These reports include annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, Section 16 filings on Form 3, Form 4, and Form 5, and other related filings, each of which is provided on our website as soon as reasonably practical after we electronically file such materials with or furnish them to the SEC. Hash price has fallen by over 57% since last year, bringing down the value of bitcoin-mining machines. It does not store any personal data.A metric called the hash price captures the daily revenue per unit of mining power. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. Inside Cleanspark, Inc.'s 10-Q Quarterly Report: Revenue - Product Highlight The increase was due primarily to the increased losses from sale of digital currency and increased depreciation expense when compared to gain on the sale of digital currency and significantly lesser depreciation during the prior period. Bitcoin (BTC) miner CleanSpark (CLSK) has purchased 10,000 new Bitmain Antminer S19j Pros for 28 million after credits and discounts, a significant markdown from the manufacturer's listed price. The cookie is used to store the user consent for the cookies in the category "Other. Bitcoin Miner CleanSpark Buys 10K New Machines for 28M After Discounts, Credits. This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". Nine-month revenue increased 176 to 22.3 million from one year ago period. Three-month revenue increased 250 to 11.9 million from one year ago quarter. This cookie is set by GDPR Cookie Consent plugin. Reports Financial Results for its Third Quarter Ended June 30, 2021. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. ![]() ![]() Necessary cookies are absolutely essential for the website to function properly. What cryptocurrency will be used in the metaverse?. ![]()
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