Is CleanSpark's Strategy a Shield Against Soaring Miner Prices? 🤔
#CleanSpark , a US-based Bitcoin miner, plans to purchase 160,000 miners by 2024.
Initially acquiring 60,000 #Bitmain S21 units, they might buy 100,000 more through a call option.
This move aims to #hedge against rising machine prices during bull markets, allowing them to expand efficiently and manage costs.
Their CEO sees it as a strategy to navigate market fluctuations while maximizing returns. CleanSpark's recent rise in share price reflects investor confidence in their forward-looking approach.
