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CleanSpark leverages its mined digital currency to fund 4,500 newest generation miners

Published: 14:15 13 Oct 2021 EDT

CleanSpark Inc (NASDAQ:CLSK) (NASDAQ:CLSK)'s Matt Schultz joined Proactive to discuss its purchase of 4,500 units of the Antminer S19 bitcoin mining machine, which was partially funded through a portion of the company's bitcoin holdings.

Schultz says the group chose to leverage the value of the digital currency to accelerate its growth while reducing dilution to its shareholders.

Schultz says the Nevada-based energy technology and clean bitcoin mining company expects delivery of the machines to start next month and be completed by July 2022.

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