Publicly-Listed Bitcoin Miner Cleanspark’s Hashrate Exceeds 3 Exahash, Firm Records Daily Production High of 13.25 BTC
Bitcoin miner Cleanspark says it experienced accelerated growth amid the crypto winter this year and the operation’s hashrate has surpassed 3 exahash per second (EH/s), tripling in less than twelve months’ time. The news follows a number of expansions bitcoin mining operations have embarked upon during 2022’s tumultuous crypto market. Cleanspark’s Hashrate Surpasses 3 EH/S, Bitcoin Miner’s Executive Chairman Says Firm Was Prepared ‘for a Rough Market’
On Tuesday, the bitcoin mining operation Cleanspark (Nasdaq: CLSK) announced that the company’s hashrate has officially surpassed 3 EH/s. Cleanspark notes that the firm’s 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 “daily production high of 13.25 bitcoins.”
Cleanspark’s 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 “unprecedented opportunities” 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 firm’s 40 MW Texas mining facility that’s powered by wind and two weeks ago, BIT Mining revealed a $9.3 million registered direct offering.
After surpassing 3 EH/s, Cleanspark’s executive chairman Matt Schultz explained that the company had prepared for the crypto winter’s downturn. “We prepared for a rough market, which allowed us to take advantage of unique opportunities and propel the Company further,” Schultz detailed on Tuesday in a statement. “Because of that we’re growing our market share as a publicly traded bitcoin miner,” 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. Tags in this story 3 EH/s, 3 Exahash, Bit Mining, Bitcoin (BTC), Bitcoin Miners, BTC, BTC Mining, cipher mining, Cleanspark, Cleanspark CEO, Cleanspark’s executive chairman, crypto mining, Crypto Winter, crypto winter opportunities, Matt Schultz, Matt Schultz Cleanspark, mining, Nautilus Cryptomine, Terawulf, Three Exahash, Zach Bradford
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. Jamie Redman
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today. Antpool Reveals Plans to Drop Ethereum Ethash Support, Plans to Keep Mining ETC MINING | 3 days ago Applied Blockchain Changes Name, Enters Purchase Agreement for Land in North Dakota MINING | 3 days ago
Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleHubble Protocol Launches Kamino Finance to Optimize Yields for Liquidity Providers on Solana Next articleFugitive Founder of Turkish Crypto Exchange Thodex Arrested in Albania Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design