Despite a 44% decline in Bitcoin (BTC) mining profitability over the last year, some Bitcoin mining companies have continued to build and increase production, according to recent announcements.
On June 1, American Bitcoin mining firm CleanSpark announced that it had purchased 12,500 brand-new Antminer S19 XP (NASDAQ:XP) units for $40.5 million. The deal worked out at $23 per terahash per second (TH/s), which is lower than the average market price.
Bitcoin Hashprice over the past year. Source: Hashrate Index
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