In August 2024, CleanSpark mined 478 bitcoins, reaching a total of 4,586 for the year. The company increased its operational hashrate by 1.4 EH/s, now at 22.6 EH/s, and is preparing for a further boost with 65 MW of new capacity. Major facility expansions are underway, reflecting CleanSpark’s commitment to growth in sustainable bitcoin mining.
CleanSpark, Inc. has unveiled its bitcoin mining results for August 2024, showcasing a productive month where 478 bitcoins were mined, contributing to a cumulative total of 4,586 bitcoins mined in the current year. The company has also ramped up its operational capacity, increasing its total hashrate by 1.4 EH/s to 22.6 EH/s by the end of August. CEO Zach Bradford emphasized the ongoing improvements in fleet efficiency as they gear up for an additional 65 MW of capacity set to activate in September.
In terms of expanding its facilities, CleanSpark is making significant strides. The Dalton expansion will bring an extra 15 MW online soon, while the Sandersville site is expected to add 50 MW by mid-month. Moreover, the company is advancing a 30 MW immersion-cooled facility in Wyoming, with plans for additional sites in the works. Overall, these expansions mark CleanSpark’s commitment to optimizing its production capabilities and embracing low-carbon power for its operations.
With bitcoin holding steady at 7,558 by month’s end, CleanSpark sold 2.5 bitcoins at an average price of approximately $56,729 each. The fleet, comprising 163,648 units, is operating efficiently at 22.70 J/Th, contributing to satisfactory mining outcomes despite the highly competitive market landscape. Such results highlight CleanSpark’s dedication not only to growth but also to responsible Bitcoin mining amid environmental considerations.
CleanSpark, known as America’s Bitcoin Miner®, operates multiple data centers powered primarily by low-carbon energy. The company’s business model focuses on efficiently mining bitcoin while maintaining transparency with its stakeholders. The most recent updates reflect CleanSpark’s proactive approach towards scaling operations, optimizing their existing fleet, and strategically expanding their infrastructure to harness greater mining capabilities in a market that demands efficiency and sustainability.
In summary, CleanSpark’s August 2024 bitcoin mining update reveals robust mining activity with plans for significant expansions that will enhance overall capacity. The commitment to low-carbon power and operational efficiency, coupled with strategic growth initiatives, positions CleanSpark as a notable player in the evolving bitcoin mining landscape. Their ability to adapt and expand ahead of potential market fluctuations illustrates a forward-looking approach essential for future success in this competitive industry.
Original Source: www.prnewswire.com
