Bitcoin miner Cleanspark says it experienced accelerated growth amid the crypto winter this year and the operationâs hashrate has surpassed 3 exahash per second (EH/s), tripling in less than twelve monthsâ time. The news follows a number of expansions bitcoin mining operations have embarked upon during 2022âs tumultuous crypto market.
Publicly-Listed Bitcoin Miner Cleansparkâs Hashrate Exceeds 3 Exahash, Firm Records Daily Production High of 13.25 BTC
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Cleansparkâs Hashrate Surpasses 3 EH/S, Bitcoin Minerâs Executive Chairman Says Firm Was Prepared âfor a Rough Marketâ
On Tuesday, the bitcoin mining operation Cleanspark (Nasdaq: CLSK) announced that the companyâs hashrate has officially surpassed 3 EH/s. Cleanspark notes that the firmâs hashpower has jumped three times higher in less than a year and currently the company has 31,000 ASIC (application-specific integrated circuit) mining rigs. According to the company, Cleanspark has recorded a âdaily production high of 13.25 bitcoins.â
Cleansparkâs update on Tuesday follows the firm revealing it acquired thousands of next-generation ASIC miners at a discounted price. At the time the company said the crypto winter provided âunprecedented opportunitiesâ and during the first week of August, it announced the acquisition of a plug-in-ready mining facility with up to 86 megawatts (MW) of capacity. A large number of other bitcoin mining operations have been expanding and growing operations in 2022 as well.
Applied Digital recently revealed it obtained land in North Dakota for a mining facility after it secured a $15 million loan to continue expansion. Validus Power, a blockchain power solutions firm, announced that the company is building out more data centers in Canada.
On Monday, the bitcoin mining operation Terawulf Inc. (Nasdaq: WULF) amended its existing joint venture agreement for the Nautilus Cryptomine bitcoin mining center. This month, Cipher Mining completed the firmâs 40 MW Texas mining facility thatâs powered by wind and two weeks ago, BIT Mining revealed a $9.3 million registered direct offering.
After surpassing 3 EH/s, Cleansparkâs executive chairman Matt Schultz explained that the company had prepared for the crypto winterâs downturn. âWe prepared for a rough market, which allowed us to take advantage of unique opportunities and propel the Company further,â Schultz detailed on Tuesday in a statement. âBecause of that weâre growing our market share as a publicly traded bitcoin miner,â the executive added.
Meanwhile, a large quantity of shares stemming from publicly-listed bitcoin miners are down a great deal in value this year. Year-to-date, CLSK has shed 68.33% against the U.S. dollar and at one time it traded for more than $22 per share. On Tuesday, stock market data shows CLSK is changing hands for $4.29 a share.
What do you think about Cleanspark surpassing 3 EH/s amid the crypto winter? Let us know what you think about this subject in the comments section below.
