CleanSpark has expanded its bitcoin mining efforts with the acquisition of two new websites close to Clinton, Mississippi.
On Sept. 17, the bitcoin miner revealed that the brand new website was bought for $5.775 million and may help 16.5 megawatts.
The services will probably be outfitted with S21 Professional miners and could have a mixed hashrate of roughly 1 exahash per second (EH/s), the corporate stated, including that the services will probably be out there for turnkey use by December 1. The additions will improve the corporate's Mississippi knowledge heart capability to 60.5MW.
Over the previous week, CleanSpark's operational capability has elevated by 38% to 211.5 MW. CEO Zach Bradford stated the growth helps the corporate's aim of reaching 37 EH/s of capability by the top of 2024 and 50 EH/s by 2025.
In one other replace, CleanSpark confirmed that it’s going to shut its 45 MW website in Wyoming on September 11, 2024. As soon as operational, the power is anticipated to supply a further 3 EH/s of energy. The location will home an immersion-cooled knowledge heart that may help the most recent S21 immersed XP miners.
In the meantime, this newest information comes lower than per week after CleanSpark introduced it was buying seven mining properties and related land in Tennessee for $27.5 million.
Bitcoin Mining Focus
CleanSpark co-founder Matthew Schultz defined that these acquisitions display the corporate's continued deal with Bitcoin mining, versus opponents diversifying into synthetic intelligence (AI).
Schultz stated that whereas many miners are shifting to AI or utilizing their sources for different tokens, CleanSpark is concentrated on increasing its Bitcoin mining capability.
Over the previous few months, miners have targeted on AI growth There’s a have to beef up knowledge heart infrastructure to capitalize on alternatives within the fast-growing AI sector. Notably, the Bernstein report famous that buyers have excessive conviction in most of these miners attributable to diversified income streams and potential upside.
Nonetheless, Schultz appears unfazed by this, noting that rising demand for Bitcoin and the corporate’s technique so as to add megawatts and environment friendly exahash capability may assist it ship on its promise.
