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Cleanspark Purchases 60,000 Miners, Solana Developer Retention Increases

Jan 9, 2024
Author
Tom Couture
Tom Couture AC
Market Update After receiving comments on their S-1 statements late yesterday, multiple Bitcoin ETF applicants filed amendments this morning in what appears to be the final steps in the process. Valkyrie cofounder Steve McClurg stated in an interview that he believes approvals should be effective tomorrow, with ETF trading beginning on Thursday. $BTC (-0.26%) is showing modest declines ahead of the decision while $ETH (-2.76%) has declined sharply, causing $ETHBTC (-2.50%) to fall to 0.048, the lowest level since April 2021. Select altcoins within the Solana ecosystem have shown strength this week. Helium ($HNT) has risen 27.82%, while $BONK is showing signs of life after cooling from its precipitous rise, increasing 26.03%. Equity indices are relatively flat today, with the SPY down 0.13% and the QQQ up 0.14% as investors await Thursday’s CPI data release.Bitcoin miner Cleanspark Inc (CLSK) has entered into an agreement to purchase 60,000 Bitmain S21 miners with a strategic call option to buy another 100,000 with an expiration date at the end of 2024. The initial 60,000 miners were purchased at a price of $16.10 per terahash, totaling $193.2 million, while the call option enables them to purchase up to 100k additional miners at a cost of $16 per terahash. If Cleanspark cho

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