CleanSpark has intensified its Bitcoin mining efforts by buying two new websites close to Clinton, Mississippi.
On Sept. 17, the Bitcoin miner revealed that the brand new websites had been bought for $5.775 million and might assist 16.5 megawatts.
In line with the agency, the areas will home S21 Professional miners, offering a mixed working hash price of roughly one exahash per second (EH/s). It added that it could obtain the positioning turnkey-ready by Dec. 1. With these additions, the corporate’s information middle capability in Mississippi will develop to 60.5 MW.
Over the previous week, CleanSpark’s operational capability has surged by 38%, reaching 211.5 MW. This enlargement helps the corporate’s purpose of attaining a 37 EH/s capability by the top of 2024 and 50 EH/s by 2025, in keeping with CEO Zach Bradford.
In a separate replace, CleanSpark confirmed the closure of its 45 MW web site in Wyoming on Sept. 11, 2024. As soon as operational, this facility is projected to contribute a further 3 EH/s. The positioning will function immersion-cooled information facilities supporting the most recent S21 immersion XP miners.
In the meantime, the most recent information comes lower than per week after CleanSpark introduced it was buying seven mining services and related land in Tennessee for $27.5 million.
Bitcoin mining focus
Mathew Schultz, CleanSpark’s co-founder, defined that these purchases demonstrated the agency’s continued give attention to Bitcoin mining in distinction to rivals diversifying into synthetic intelligence (AI).
In line with Schultz, whereas many miners are shifting to AI or utilizing assets for different tokens, CleanSpark is targeted on increasing its Bitcoin mining capability.
Over the previous months, AI-focused miners have expanded their information middle infrastructure to faucet into the alternatives within the quickly rising AI sector. Notably, a Bernstein report famous that buyers have a stronger conviction on this class of miners attributable to their diversified income stream and potential upside.
Nevertheless, Schultz seems unbothered by this, noting that the rising demand for Bitcoin and the agency’s technique of including megawatts and environment friendly exahash capability might assist it fulfill its guarantees.
