Tag: cleanspark

Sep 26 2022

How Bitcoin Miner CleanSpark Keeps Building In The Bear Market

As many bitcoin mining firms struggle to remain operational, CleanSpark is poised to emerge from this bear market stronger than ever.It’s no secret that the bitcoin bear market is bad right now. According to some metrics, it’s one of the worst downturns in Bitcoin’s young history. And few sectors of the Bitcoin economy are as harshly affected by current market conditions than...

Sep 09 2022

Bitcoin Miner CleanSpark Acquires $33 Million Mining Facility In Georgia

The renewable bitcoin mining company acquired a new facility in Georgia which will hold up to 70,000 mining rigs at full capacity by the end of next year.Bitcoin mining company CleanSpark Inc.(Nasdaq: CLSK), has entered into an agreement with Mawson Infrastructure Group (Nasdaq: MIGI) to purchase a mining facility for $33 million, per a press release sent to Bitcoin Magazine. The turnkey...

Sep 07 2022

Bitcoin Miner CleanSpark Purchases 10,000 Antminers For $28 Million

In a purchase agreement with Cryptech Solutions, CleanSpark has purchased an additional 10,000 miners, on top of the 6,000 already purchased this summer.CleanSpark purchased 10,000 bitcoin mining machines from Cryptech Solutions.The purchase agreement had a final valuation of $28 million. CleanSpark now hosts over 37,000 bitcoin miners....

Sep 02 2022

Bitfarms Reports Higher BTC Production Following Increase In Miner Revenues

Public bitcoin miners have had a difficult couple of months since the price of bitcoin dropped below the $30 level. The digital asset’s mining revenues had plummeted with the price and had brought down the cash flow on bitcoin miners with it. Despite this decline, some bitcoin miners are taking the bear market head-on, using this as a time to build. Bitfarms Increases...

Aug 09 2022

Bitcoin Mining Company CleanSpark Acquires 86 MW Mining Facility

The location has 36 MW currently available and can scale up to 86 MW and the company purchased an additional 3,400 Antminers adding 340 PH/s to its hash rate.CleanSpark acquired an operationally ready bitcoin mining facility in Washington, Georgia.The facility was owned by bitcoin mining company Waha Technologies and is scalable to 86 MW.CleanSpark also purchased an additional 3,400...

Jul 14 2022

Sustainable Bitcoin Miner CleanSpark Purchases Over 1,000 Mining Rigs

Jul 14 2022 Published at Bitcoin Magazine under tags  bitcoin business cleanspark miner news

CleanSpark added an additional 93 PH/s to its mining capacity after purchasing over 1,000 Whatminers to be co-hosted by Coinmint.CleanSpark has purchased over 1,061 Whatminers adding 93 PH/s to its mining capacity. Last month the company purchased an additional 1,800 Antminer S19 XP units.Over the past six months’ CleanSpark has increased its mining capacity by 47% and BTC production...

Jul 06 2022

Will Marathon Digital Join Other Miners In Selling Bitcoin? CEO Weighs In

Marathon Digital is among the few miners to not have sold any of its bitcoin treasury during the latest market crash, but how long will that last?Bitcoin miners have historically sold BTC as they produced it to cover operating costs. But over the past couple of years a “HODL” strategy has permeated the industry as participants have opted to pay off expenses...

Jun 16 2022

CleanSpark, TMGcore Partner For Immersion-Cooled Bitcoin Mining

CleanSpark will acquire 1,800 Ant Miner S19 XPs in a purchase agreement and TMGcore will provide 257 immersion-cooling tanks with colocation capacity.CleanSpark Inc. has acquired a purchase agreement for 1,800 Ant Miner S19 XP units.The company also announced a partnership with immersion-cooling infrastructure provider, TMGcore to build out 257 cooling tanks.TMGcore is also providing 2...

Jun 02 2022

Bitcoin Mining Company CleanSpark Produced 312 BTC In Recent Update

CleanSpark, a sustainable bitcoin mining company, released a mining production update for May showing an increase in custodied BTC with improved operations.CleanSpark, a sustainable bitcoin mining company, released its mining production update for the month of May. While bitcoin production marginally increased, operational capacity showed a large improvement from a month-over-month perspective....

Apr 28 2022

Bitcoin Miner CleanSpark Gains Proof Of Renewable Mining In New Partnership

CleanSpark partnered with Sustainable Bitcoin Standard to deliver certificates authenticating that bitcoin was mined with renewable energy.Bitcoin mining company CleanSpark has partnered with Sustainable Bitcoin Standard to deliver proof of sustainable mining practices. SBS provides Sustainable Bitcoin Certificates, which function as proof that bitcoin was mined with renewable energy....

Apr 26 2022

Bitcoin Miner CleanSpark Raises $35 Million In Financing From Trinity Capital

CleanSpark closed a $35 million, non-dilutive financing deal by collateralizing over 3,000 miners with a 9.9% interest rate to fuel growth expenditures.CleanSpark has closed $35 million in non-dilutive financing from Trinity Capital Inc. The loan is collateralized by 3,336 S19j Pro miners at a 9.9% interest rate. CleanSpark intends to use the financing to fuel growth capital...

Mar 31 2022

Bitcoin Miner CleanSpark Signs 200-MW Power Agreement

CleanSpark’s power agreement with Texas-based Lancium is expected to eventually trigger a five-fold increase in its bitcoin mining hashrate capacity.CleanSpark is adding 200 megawatts of renewable power to its bitcoin mining operations in West Texas over the next year through an agreement signed with energy technology company Lancium as the miner seeks to increase its current hashrate capacity five-fold.The...

Mar 03 2022

CleanSpark Announced Year To Date BTC Production And Mining Facility Investment

Mar 03 2022 Published at Bitcoin Magazine under tags  bitcoin btc business cleanspark mining

CleanSpark announced their BTC production for 2022, producing 581 BTC, and an investment in sustainable mining Norcross facility.CleanSpark produced 581 BTC from January 1st, to February 28th. CleanSpark continues to hold 494 BTC after the conversion of 253 BTC for business operating expenses focused on the sustainable Norcross Facility. The Norcross facility was expected to increase...

Jan 24 2022

Bitcoin Miner CleanSpark Reaches 2 EH/s Hashrate Capacity

The publicly-listed company said it doubled its bitcoin mining hashrate capacity in just a few months.Nasdaq-listed miner CleanSpark said it now boasts 2 EH/s of hashrate capacity.The miner doubled its hashrate capacity in just a few months.CleanSpark is also implementing solutions to maximize mining efficiency, including immersion-cooling.CleanSpark, a Nasdaq-listed bitcoin...

Dec 09 2021

CleanSpark’s 20 MW Bitcoin Mining Farm To Be Immersion Cooled

The miner said it had purchased the necessary immersion cooling infrastructure to submerse its 20 MW Norcross, Georgia, bitcoin mining operation.CleanSpark will implement immersion-cooling systems in its 20 MW Norcross, Georgia, farm.The company said it expects the move to lead to a 20% increase in mining efficiency.Liquid immersion cooling has been demonstrated to yield greater...

Oct 12 2021

Bitcoin Miner CleanSpark To Expand Mining Capacity By 45%

Sustainable bitcoin mining and diversified energy company, CleanSpark, announced its latest purchase of miners to increase their operations.Today, giant bitcoin miner CleanSpark announced its purchase of 4,500 Antminer S19 bitcoin mining machines, which were purchased using some of the company’s BTC reserves. The machines are expected to be delivered starting next month, with future deliveries ongoing through July...

Sep 27 2021

CleanSpark Transitions One Exahash Of Bitcoin Mining Power To Foundry USA Pool

All of CleanSpark’s hashrate is now up and mining on Foundry USA Pool, with plans to double it by the end of the year.Bitcoin mining company CleanSpark announced today that it had moved all of its one exahash (EH/s) hashrate power to the Foundry USA Pool, a mining pool owned by Foundry Digital, a bitcoin mining financing and advisory firm. Upon joining...

Sep 16 2021

CleanSpark Announces $145 Million In Capital, Human Investments In Georgia

The bitcoin miner is working with public-private initiatives to create jobs and benefit community members in Gwinnett County, Georgia.Software and services company recently turned bitcoin miner CleanSpark...

Aug 10 2021

CleanSpark Acquires Second Data Center To Increase Bitcoin Mining Capacity

The software company that recently started mining bitcoin has purchased an 87,000 square foot data center to increase its mining capacity.CleanSpark, a software and services company that recently ventured into bitcoin mining, has announced the acquisition of an 87,000...

Aug 03 2021

CleanSpark Provides Updates On Bitcoin Mining Operations, Outlines Expansion Plans

CleanBlok, the company's bitcoin mining division, currently has 7,500 rigs at 740 PH/s hashrate capacity powered by 95% carbon-free energy.CleanSpark, a software and services company that ventured into bitcoin mining in December 2020, announced some updates on its Bitcoin...

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