“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. 1, 2022, the bitcoin miner Cleanspark revealed it acquired 3,853 Bitmain-brand Antminer S19J Pro mining rigs for 5.9 million. Growing uncertainty surrounding macroeconomic conditions. The hashrate, which represents the total amount of computer power linked to the Bitcoin network, is an indicator crucial to mining difficulty. Increasing natural disasters related to climate change. Soaring rate increases from centralized power companies. “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 Zachary Bradford, Chief Executive Officer. We’re fellow citizens of the world, experiencing the same energy, environmental, and economic challenges that you are. With projected completion of the 50 MW in late spring, we expect our hashrate to reach as high as 8.7 EH/s. □□□ Expansion alert: CleanSpark has broken ground on phase 2 of our bitcoin mining site in Washington, GA! It will hold up to 16,000 miners. We exercise tremendous control over our infrastructure and, therefore, our ability to be highly efficient in the way we allocate our resources.”įull release: #clsk #bitcoin #hashrate #bearmarket This is the advantage of proprietary mining or the ‘prop mining’ model. “As machines are delivered to us we will have rack space waiting for them at one of our sites. “Building and owning our own mining campuses at multiple locations provides us with a level of agility and reliability that cannot be achieved otherwise,” said Zachary Bradford, CEO of CleanSpark. The Pro+ is 22% more productive than the Antminer S19j Pro model and will be shipped in batches, with the earliest deliveries starting next month. We also increased our hashrate by 20 for 2 Liked by Andy Hannagan Well expect. This is expected to add 2.44 EH/s to our current BTC hashrate of 6.6 EH/s, which is a 37% increase. In October, CleanSpark mined 532 bitcoin (up 19 from September) with a daily production high of 19+. CleanSpark has purchased 20,000 Antminer S19j Pro+ (plus) units at a 25% discount, bringing the number of bitcoin mining machines bought in the bear market above 46,500.
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