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CleanSpark Achieves Good Mining Performance With 659 BTC In August

September 5, 2023
in Mining
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CEO Zach Bradford expressed satisfaction with the outcomes, stating that the 50 MW growth in Washington had a extremely productive first full month, reaching peak operational hashrate and delivering a few of their greatest day by day manufacturing figures.

Regardless of difficult climate situations with heavy rain and excessive temperatures, CleanSpark maintained exceptional uptime ranges. The corporate anticipates that its August efficiency will rank among the many prime month-to-month Bitcoin manufacturing charges for publicly traded miners in North America.

In August, CleanSpark mined a complete of 659 Bitcoins, contributing to their 2023 whole of 4,729. As of August 31, the corporate held 1,677 Bitcoins and offered 43 throughout the identical month, producing roughly $1.2 million in proceeds. Every day BTC mined averaged 21.26, with a peak of twenty-two.11.

Development is progressing at CleanSpark’s Sandersville, GA, growth web site, with concrete already poured for Constructing 1.

The event will ultimately host 230 MW of state-of-the-art Bitcoin mining machines, turning into one of many Southeastern United States’ largest mining knowledge facilities. The growth, totaling 150 MW, will accommodate 45,000 miners.

Concurrently, the Municipal Power Authority of Georgia (MEAG) is constructing a 200 MW substation and related infrastructure to energy the Sandersville growth.

The substation is anticipated to be accomplished in 2023, with power-line connections projected for early 2024. This growth aligns with CleanSpark’s objective of reaching an operational hashrate of 16 EH/s.

DISCLAIMER: The knowledge on this web site is supplied as basic market commentary and doesn’t represent funding recommendation. We encourage you to do your personal analysis earlier than investing.

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El Salvador launches first Bitcoin mining pool as Volcano Energy partners with Luxor

October 4, 2023

What is the CryptoNight mining algorithm, and how does it work?

October 4, 2023

Bitcoin Miners Brace for Increased Challenge as Network Difficulty Hits New High of 57.32 Trillion

October 4, 2023

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