Summary by Futu AI
On April 11, 2024, CleanSpark, Inc., a Nevada-based company, announced the entry into a Supplemental Agreement with Bitmain Technologies Delaware Limited, amending their Original Agreement from January 6, 2024. The amendment involves the purchase of 100,000 S21 Pro servers instead of the previously agreed S21 servers, at a total cost of $374.4 million. The S21 Pro servers offer enhanced computational power and efficiency, with a hashrate of 234 terahashes and power consumption of 3,510 watts. This upgrade is expected to increase operational efficiency and potential revenue for CleanSpark. The company also issued a press release on April 12, 2024, confirming the completion of the Supplemental Agreement. Additionally, CleanSpark has exercised its option to purchase the upgraded servers, with a delivery schedule set from June to December 2024. The company's CEO, Zachary Bradford, highlighted the importance of efficiency, especially in anticipation of the Bitcoin halving event, and expressed confidence that this upgrade will solidify CleanSpark's position as a leading efficient Bitcoin miner in North America.