Cryptech Reaches New Milestones, Announces Sale of 20,000 Machines to CleanSpark

SOUTH HADLEY, MA / ACCESSWIRE / February 27, 2023 / Cryptech Solutions, the largest volume reseller of ASIC miners in North America, has announced the sale of 20,000 ASIC miners to CleanSpark (Nasdaq:CLSK) in a transaction that took place on February 16th, 2023, further solidifying Cryptech's position as a key player in the crypto mining industry. After coupons, Cryptech was able to sell the machines for $32.3 million, or approximately $13.25 per terrahash, to CleanSpark, who plans to deploy the S19jPro+ units at their Bitcoin mining locations throughout the US.

With just a team of eight individuals, Cryptech Solutions has now sold 11% of all the new hashrate that's come online since 2020. They are known in the industry for their expertise and commitment to the success of their clients, differentiating themselves from other hardware resellers by holding elevated standards for communication and transparency.

Founded in 2016, Cryptech was born from individual efforts made by CEO Joseph Stefanelli to make the hardware market a more trustworthy place. Stefanelli started by building out groups on Telegram to verify sellers of Bitcoin mining hardware, earning a reputation as an honest and dedicated member of the industry. Managing these online communities evolved into Cryptech Solutions, and, with Stefanelli's sister Patty joining as partner and COO in 2019, the company has continued to grow and build a strong network of relationships.

Since then, Cryptech has become the leading reseller of ASICs in North America, with a team that's notably 85% female. They've also expanded their wheelhouse to include consulting services, energy solutions, and, through their sister company DELV Innovation, custom crypto mining infrastructure. This recent purchase from CleanSpark brings Cryptech's total hardware sales to 11.8 EH worth of ASICs since 2020.

This purchase coincided with the launch of Cryptech's new website, which is designed to showcase the growth of the company and highlight their strengths in the industry, in addition to hosting their live updated hardware pricing.

"We're excited to launch our new website and showcase the growth of our company," said COO Patty. "Our focus has always been on building trust and expertise in the crypto mining hardware industry, and we believe our new website reflects that."

"At Cryptech, we believe that building strong relationships with our clients is key to success," said CEO Joseph. "Our recent sale to CleanSpark is a reflection of that, and we're excited to continue growing and serving the Bitcoin mining community."

Cryptech's new website can be found at www.cryptechsolutions.com.

About Cryptech:

Cryptech Solutions is the largest volume reseller of ASIC miners in North America. Founded in 2016, the company is dedicated to elevating the crypto mining hardware industry. With a team of experts and a commitment to excellence, Cryptech has become a trusted partner to clients in the crypto mining community.

For more information, please contact:

Margo McLennan
margo@cryptech.solutions

SOURCE: Cryptech Solutions