![]() ![]() We encourage you to do your own research before investing. The other locations Cleanspark operates are located in Washington, College Park. ![]() The machines will be deployed in phases when they arrive on-site and additional rack space becomes available, with all machines scheduled to be completely operational by the end of the year.ĭISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. According to Cleanspark, the Sandersville site is the publicly-listed bitcoin miner’s fourth facility in Georgia. If all of the machines went live today, CleanSpark would control around 5% of Bitcoin’s worldwide processing power.Īll of the purchased machines will also be deployed at the company’s bitcoin mining operation in Sandersville, Georgia, which is now undergoing a 150-megawatt (MW) expansion. Another 2.44 EH/s of equipment purchased at a discount in February is planned to be operational at a Washington plant later in the second quarter. It reduced its 2023 projection from 22.4 EH/s in December 2022, citing building delays by one of its partners, Lancium. (Nasdaq: CLSK) (the 'Company' or 'CleanSpark'), a diversified software, services, and Bitcoin mining company, today announced. The manufacturer will prepare 25,000 of the 45,000 units for delivery in August, with the other 20,000 units slated to be available in September, according to the purchase agreement.Īccording to the news release, CleanSpark mines bitcoin primarily using low-carbon energy sources that account for more than 90% of its energy mix, and the firm employs a “balanced capital management approach” by selling part of its mined bitcoin to reinvest in expansion.īy the end of the year, CleanSpark hopes to have 16 EH/s of processing power. SALT LAKE CITY, Ma/PRNewswire/ - CleanSpark, Inc. “As bitcoin’s halving draws closer, our focus on operational efficiency, our technical expertise, and our treasury management strategy, will all play a crucial role in solidifying CleanSpark’s position among the top bitcoin mining companies in America.” The purchase comes as Bitcoin crosses $30,000 for the first time in over a year, potentially reviving the Bitcoin mining industry. This is the miner’s newest purchase of troubled properties, which began in the summer of 2022. The manufacturer expects all units to be available for distribution by the end of September, adding over 6.3 exahashes per second (EH/s) of computational power to the company’s current hashrate of 6.7 EH/s, a 95% increase. The mining units are all Antminer S19 XPs.ĬleanSpark purchased 45,000 brand new Bitmain Antminer S19 XPs for $144.9 million, which would nearly quadruple its present processing capacity, or hashrate, if installed, according to a press statement issued on Tuesday. The business intends to more than treble its mining capacity by the end of the year. We are proud to have a top sustainable bitcoin mining company, which is also one of the biggest publicly traded bitcoin miners, as a mining partner of SBS. CleanSpark invested $145 million on 45,000 Bitcoin mining computers. ![]()
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