This strategy allowed the company to increase its hashrate from 2.1 EH/s, in January 2022, to 6.2 EH/s, in December 2022, despite a downturn in the cryptocurrency markets.ĬleanSpark (NASDAQ: CLSK) is America’s bitcoin miner. “This partnership will go a long way in not only the timely completion of the next phase but also making it one of the most reliable mining operations.”ĬleanSpark mines predominantly with renewable or low-carbon sources of energy and continues to follow a capital management strategy of selling a major portion of its mined bitcoins to reinvest in growth. “The community of Washington and the team on site have played a crucial role in the successful deployment of the first phase of the site, which uses mainly low-carbon sources of power, employs newest generation tech, and is among the most power-efficient and sustainable bitcoin mining operations,” said Scott Garrison, Vice President of Business Development. We are looking forward to expanding our relationship with the Washington City community and to be able to support the construction jobs that will come with this expansion.” “This second phase more than doubles the size of the existing operation. “When we purchased the Washington site in August, we were confident about our ability to quickly expand, adding this 50MW to the existing 36MW of infrastructure,” said Zach Bradford, Chief Executive Officer. Depending on the final number of each model in the mix, the total computing power that will be added to CleanSpark’s bitcoin mining capacity will range from 1.6 EH/s to 2.2 EH/s - a 25% to 34% increase from its current hashrate of 6.5 EH/s. The mining machine fleet at the new phase will consist of Antminer S19j Pro and Antminer S19 XP models, the newest and most power-efficient models of bitcoin mining machines available today. Upon completion, the new phase, which is expected to employ only the newest generation of bitcoin mining machines, will add up to 2.2 exahashes per second (EH/s) of computing power to the Company’s mining capacity. The Company acquired this campus in August of 2022 as part of its recent bear-market growth campaign. (Nasdaq: CLSK) (“CleanSpark'' or the “Company”), America’s Bitcoin Miner™, announced today that it has started construction on the second phase of one of its newest sites in Washington, Georgia. 19, 2023 (GLOBE NEWSWIRE) - CleanSpark Inc. “Especially when you compare today’s BTC prices to the tail end of 2022 when miners were also seeing higher energy costs.The nearly $16M expansion, with projected completion in late spring, will hold up to 16,000 miners and cements CleanSpark’s position among North America’s top bitcoin miners Once completed, the Company’s hashrate is expected to reach as high as 8.7 EH/s “While it’s premature to call a bull market setting in, upward price momentum is making miners much more optimistic,” said CleanSpark Chief Communications Officer Isaac Holyoak via email. Iris, however, recently announced plans to rebuild its capacity earlier this week, after Blockstream confirmed a $125 million raise to expand its hosting services in late January. The expansion comes only two months after American mining giants like Core Scientific filed for bankruptcy, while others like Iris Energy saw a swath of mining machines liquidated due to failures in paying down their debt. The expansion, announced last month, will more than double its infrastructure capacity from 36 megawatts to 86 megawatts. Deliveries are expected by early next month, with all batches arriving at the company’s mining campuses by the end of May.ĬleanSpark, which markets itself as a sustainability-focused miner, operates multiple mining facilities across the United States, including a Washington, Georgia, facility, to which it will direct 15,000 of its newly purchased machines. The machines purchased by the firm were Antminer S19j Pro+ units, which are 22% more productive than the Antminer S19j Pro announced in 2021. That brings the company's total hashrate to 9 EH/s -a 37% rise -comprising 2.8% of the entire Bitcoin network's hash rate, going by current numbers from Bitinfocharts.ĬleanSpark expects to pay around $32.3 million for the purchase, a discount of 25% or a total price per terrahash of approximately $13.25, the company said in a press release.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |