Bitcoin Miner CleanSpark Signs 200-MW Power Agreement

2 years ago

CleanSpark is adding 200 megawatts of renewable powerfulness to its bitcoin mining operations successful West Texas implicit the adjacent twelvemonth done an statement signed with vigor exertion institution Lancium arsenic the miner seeks to summation its existent hashrate capableness five-fold.

The bitcoin mining institution said successful a connection sent to Bitcoin Magazine that it expects the archetypal 50 MW of the purchased capableness to beryllium operational by the extremity of 2022, portion the remaining 150 MW should beryllium up and moving during Spring 2023. The statement besides provisions an enactment to adhd an other 300 MW of vigor successful the future.

CleanSpark said Houston-based Lancium’s power, located successful regions with entree to low-cost renewable energy, mightiness alteration it to adhd an estimated 16 exahash per 2nd (EH/s) to the firm’s hashrate capableness erstwhile utilized successful afloat to provender the miner’s ASICs.

“We proceed to physique much capableness astatine our ain bitcoin mining facilities portion we spouse with colocation work providers,” said Zach Bradford, CEO of CleanSpark, successful a statement. “This hybrid attack helps america guarantee that we ever person rackspace acceptable to deploy caller machines erstwhile they are delivered to america by the manufacturers.”

Lancium is dedicated to accelerating the vigor modulation with what it calls “Clean Campuses” that enactment arsenic controllable load resources (CLR) for enhanced powerfulness grid reliability whilst encouraging the maturation of renewable energy. The firm’s archetypal Clean Campus was announced past year.

“Our Clean Campuses supply a unsocial solution that volition supply some greenish and debased outgo powerfulness for customers that are interruptible and usage ample amounts of power,” said Michael McNamara, CEO and co-founder of Lancium, successful a statement.

CleanSpark, a Nasdaq-listed company, mined 276 BTC successful February – a period it reached a regular accumulation highest of 10.15 BTC. The miner announced successful December that it had purchased the indispensable infrastructure to immersion chill its 20 MW Norcross, Georgia bitcoin mining operations, a determination it said astatine the clip could effect successful a 20% summation successful mining efficiency.

View source