Read the story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

CleanSpark adds another 22,860 Bitcoin mining rigs to boost production capacity

% of readers think this story is Fact. Add your two cents.

CleanSpark Inc (NASDAQ:CLSK) said it has secured “multiple” contracts for equipment to boost its bitcoin mining capacity.

The contracts for the mining equipment will allow the company to meet its objective of a total rate capacity of more than 1.1 EH/s by this summer.

CleanSpark said it had acquired a total of 22,680 S19j Pro and S19 Pro Antminers for future delivery under annual contracts. Once these units are delivered and deployed, CleanSpark expects that it will be able to increase its total mining production capacity to over 3.2 EH/s.

READ: CleanSpark buys 4,778 more Bitcoin mining rigs, works toward carbon-free mining

CleanSpark CEO Zach Bradford said in a statement that the new acquisitions are a “significant milestone” for the Salt Lake City-based company.

“Time is money in this industry, and we wanted to ensure that we have both our immediate needs covered but we also wanted to look to the future to ensure we had a reliable baseline supply of future miner deliveries secured to support our long-term growth,” Bradford added.

“In addition to these orders, we will continue to source miners on a periodic basis to further increase or upgrade our total mining capacity. The miners we have secured are expected to allow us to increase our total mining capacity ten times by mid-2022.”

Carbon-free mining

Bradford noted that the firm is “actively evaluating” multiple locations for additional expansion with a focus on sites supplied by clean energy sources. CleanSpark recently announced that its Atlanta location is now 95% carbon-free – a figure it hopes to increase to 98% in the coming months, according to Bradford. Energy is currently sourced primarily from nuclear, hydroelectric, solar and other renewables.

“We believe that being a good corporate citizen is imperative and will continue to focus on the Company’s environmental impact at future sites,” the CleanSpark CEO said.

The firm is currently mining at scale with a very small carbon footprint and expects to have approximately 45MW of 95% carbon-free power dedicated to Bitcoin mining under management by summer 2021.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Story by ProactiveInvestors


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.