CleanSpark Hashrate Exceeds 26 EH/s
CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner®, has announced significant expansions and acquisitions that have boosted its hashrate to over 26 EH/s. The company has recently energized the final 50 MW phase of its 150 MW expansion in Sandersville, GA, and completed expansions in Dalton, along with acquiring seven facilities in Tennessee. These developments have increased the company's capacity by 65 MW and 3.2 EH/s. CEO Zach Bradford expects CleanSpark's hashrate to reach 37 EH/s before the end of 2024, highlighting the rapid growth and successful partnerships with local communities.
CleanSpark Inc. (Nasdaq: CLSK), il Bitcoin Miner® d'America, ha annunciato importanti espansioni e acquisizioni che hanno aumentato il proprio hashrate a oltre 26 EH/s. L'azienda ha recentemente attivato l'ultima fase da 50 MW della sua espansione da 150 MW a Sandersville, GA, e ha completato espansioni a Dalton, insieme all'acquisizione di sette strutture in Tennessee. Questi sviluppi hanno incrementato la capacità dell'azienda di 65 MW e 3,2 EH/s. Il CEO Zach Bradford prevede che l'hashrate di CleanSpark raggiunga 37 EH/s entro la fine del 2024, evidenziando la rapida crescita e le partnership di successo con le comunità locali.
CleanSpark Inc. (Nasdaq: CLSK), el Bitcoin Miner® de América, ha anunciado importantes expansiones y adquisiciones que han incrementado su hashrate a más de 26 EH/s. La compañía ha activado la fase final de 50 MW de su expansión de 150 MW en Sandersville, GA, y ha completado expansiones en Dalton, además de adquirir siete instalaciones en Tennessee. Estos desarrollos han aumentado la capacidad de la empresa en 65 MW y 3.2 EH/s. El CEO Zach Bradford espera que el hashrate de CleanSpark alcance 37 EH/s antes de finales de 2024, destacando el rápido crecimiento y las exitosas asociaciones con las comunidades locales.
클린스파크 주식회사 (Nasdaq: CLSK), 미국의 비트코인 채굴 회사가 해시레이트를 26 EH/s 이상으로 증대시킨 중요한 확장 및 인수 소식을 발표했습니다. 이 회사는 최근 조지아 주 샌더스빌에서 150 MW 확장의 마지막 50 MW 단계를 완료했습니다, 그리고 달튼의 확장을 완료했으며 테네시주에 있는 7개 시설을 인수했습니다. 이러한 발전은 회사의 용량을 65 MW 및 3.2 EH/s 증가시켰습니다. CEO 잭 브래드포드는 클린스파크의 해시레이트가 2024년 말까지 37 EH/s에 이를 것으로 예상하고 있으며, 이는 지역 사회와의 빠른 성장 및 성공적인 파트너십을 강조합니다.
CleanSpark Inc. (Nasdaq: CLSK), le Bitcoin Miner® de l'Amérique, a annoncé d'importantes expansions et acquisitions qui ont augmenté son hashrate à plus de 26 EH/s. L'entreprise a récemment mis en service la dernière phase de 50 MW de son expansion de 150 MW à Sandersville, GA, et a complété des expansions à Dalton, tout en acquérant sept installations dans le Tennessee. Ces développements ont augmenté la capacité de l'entreprise de 65 MW et 3,2 EH/s. Le PDG Zach Bradford s'attend à ce que le hashrate de CleanSpark atteigne 37 EH/s avant la fin de 2024, soulignant la croissance rapide et les partenariats réussis avec les communautés locales.
CleanSpark Inc. (Nasdaq: CLSK), Amerikas Bitcoin Miner®, hat bedeutende Erweiterungen und Akquisitionen angekündigt, die seine Hashrate auf über 26 EH/s erhöht haben. Das Unternehmen hat kürzlich die letzte Phase von 50 MW seiner 150 MW-Erweiterung in Sandersville, GA, in Betrieb genommen und Erweiterungen in Dalton abgeschlossen sowie sieben Einrichtungen in Tennessee erworben. Diese Entwicklungen haben die Kapazität des Unternehmens um 65 MW und 3,2 EH/s erhöht. CEO Zach Bradford erwartet, dass die Hashrate von CleanSpark bis Ende 2024 37 EH/s erreichen wird, was das schnelle Wachstum und die erfolgreichen Partnerschaften mit lokalen Gemeinschaften hervorhebt.
- Hashrate increased to over 26 EH/s, with expected growth to 37 EH/s by end of 2024
- Completed 150 MW expansion in Sandersville, GA
- Acquired seven new facilities in Tennessee
- Total capacity increase of 65 MW and 3.2 EH/s
- None.
Insights
CleanSpark's rapid expansion is a significant development in the competitive Bitcoin mining sector. The increase to 26 EH/s hashrate positions the company as a major player in the industry. This expansion could lead to increased Bitcoin production and potentially higher revenues, depending on Bitcoin prices and network difficulty.
The 65 MW capacity increase demonstrates CleanSpark's ability to execute on its growth strategy. However, investors should consider the capital expenditure required for this expansion and its impact on the company's balance sheet. The projected 37 EH/s by year-end 2024 is ambitious and could significantly boost CleanSpark's market share if achieved.
While expansion is positive, profitability will depend on Bitcoin price movements, energy costs and network difficulty. Investors should monitor these factors closely to assess the long-term value of this expansion.
The jump to 26 EH/s hashrate is technically impressive, representing a significant computational power increase. This boost enhances CleanSpark's ability to compete for block rewards in the Bitcoin network. The 3.2 EH/s increase from 65 MW suggests efficient use of energy, which is important in the mining industry.
The planned growth to 37 EH/s by 2024 end is ambitious but feasible given their recent execution. This level would place CleanSpark among the top global mining operations. However, as the global hashrate continues to climb, maintaining a competitive edge will require ongoing investment and technological optimization.
Investors should consider how CleanSpark plans to stay ahead in hardware efficiency and whether they have strategies to mitigate the impact of future Bitcoin halving events.
CleanSpark's expansion aligns with the growing trend of U.S.-based Bitcoin mining operations. This move could be seen as a response to the global redistribution of mining power following China's crackdown on cryptocurrency mining. The company's growth in Georgia and Tennessee indicates a strategic focus on regions with favorable energy prices and regulations.
The emphasis on community partnership in Sandersville is noteworthy, as it addresses the increasing scrutiny on mining operations' local impact. This approach could provide a competitive advantage in securing future expansion sites and maintaining positive public relations.
Investors should watch for potential regulatory changes in the U.S. that could affect mining operations, as well as global shifts in the mining landscape that might impact CleanSpark's relative position in the market.
Recent expansions totaling 65 MW of capacity increase Company hashrate by 3.2 EH/s
"This past week has been monumental for CleanSpark, marked by the full energization of our expansions in
About CleanSpark
CleanSpark (Nasdaq: CLSK) is America's Bitcoin Miner®. We own and operate multiple data centers that primarily run on low-carbon power. Our infrastructure responsibly supports Bitcoin, the world's most important digital commodity and an essential tool for financial independence and inclusion. We cultivate trust and transparency among our employees and the communities we operate in. Visit our website at www.cleanspark.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this press release, forward-looking statements include, but may not be limited to, statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: closing on the acquisition of the seven facilities in
Investor Relations Contact
Brittany
702-989-7693
ir@cleanspark.com
Media Contact
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702-989-7694
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SOURCE CleanSpark, Inc.
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