CleanSpark Achieves Good Mining Performance With 659 BTC In August

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

Regardless of difficult climate circumstances with heavy rain and excessive temperatures, CleanSpark maintained exceptional uptime ranges. The corporate anticipates that its August efficiency will rank among the many high 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 complete 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. Day by day BTC mined averaged 21.26, with a peak of twenty-two.11.

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

The event will finally 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 aim of attaining an operational hashrate of 16 EH/s.

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

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