CleanSpark, a Bitcoin miner, is expanding its mining capacity in the United States by purchasing 20,000 additional Antminer S19j Pro+ machines for a total cost of $43.6 million. It is anticipated that...
Tag: CleanSpark
Bitcoin Mining Firm Cleanspark Purchases Mining Rigs Worth $43.6M
2 hours ago | 2 mins read Bitcoin News According to the corporation, it was able to save 25% using discount coupons. The new purchase will add 2.44 EH/s to Cleanspark’s existing 6.6 EH/s of computing ...
CleanSpark boosts computing power by 37% with thousands of new Bitmain rigs
Bitcoin miner CleanSpark is growing its mining capacity in the United States with the purchase of 20,000 new Antminer S19j Pro+ units for $43.6 million. The acquisition is expected to boost the compan...
Cleanspark Boosts Bitcoin Mining Capacity With Acquisition of 20,000 Bitmain Rigs – Mining Bitcoin News
Bitcoin mining operation Cleanspark has acquired 20,000 brand-new Bitmain mining rigs for $43.6 million, the company reported. Once installed, Cleanspark expects to increase its capacity by 37% by add...
CleanSpark buys 20,000 miners from Bitmain, bringing bear market tally to 46,500
Bitcoin miner CleanSpark bought 20,000 more mining machines, bringing the total count of its bear market spending-spree purchases to over 46,500. The company expects to pay $32.3 million for the...
CleanSpark Going On A Spending Spree Despite Crypto Winter
Join Our Telegram channel to stay up to date on breaking news coverage CleanSpark, a bitcoin mining company based in the US, plans to continue to go along with its mergers and acquisitions, despite a ...
Bitcoin Miner CleanSpark Plans to Continue Pursuing Acquisitions Amid Bear Market
Bradford noted the move doesn’t necessarily mean the company will issue any of the authorized shares, but it will give the company the option to use equity, if needed, to reach its targeted grow...
CleanSpark To Continue Acquisition Spree Amid Bear Market
Bitcoin miner CleanSpark recently posted its earnings call for Q1 FY2023. The firm plans to continue buying up mining company assets to accelerate its growth. CleanSpark made a series of acquisitions ...
Bitcoin miner CleanSpark beats estimates, posts $29 million loss
Bitcoin miner CleanSpark reported a net loss of $29 million for the quarter ending in December, beating analyst estimates of a $31.3 million loss. It narrowly missed revenue estimates, posting $...
CleanSpark kicks off bitcoin miner earnings with revenue expected to rise 13%: Preview
CleanSpark is expected to post a nearly 13% bump in revenue from the previous quarter when it kicks off the earnings season for bitcoin miners after the U.S. close today. The company is expecte...
CleanSpark doubles bitcoin production in January to 697
Bitcoin miner CleanSpark mined 697 BTC in January, doubling its production from the previous month. “We had a banner month, and not just because we mined a record number of bitcoin,” CEO Zach Br...
CleanSpark Kicksoff 50MW Bitcoin Mining Expansion
Bitcoin mining company – CleanSpark – has started the construction of the second phase on a site in Washington, Georgia, that is set to accommodate 16,000 miners. This move is expected to increase its...
CleanSpark moves ahead with 50-megawatt expansion at recently acquired site
Bitcoin miner CleanSpark is moving forward with the expansion of its recently acquired site in Georgia, charging ahead even as the mining industry reels from months of tough economic conditions. ...
CleanSpark mined 3,750 BTC in FY’22, BTC reserves down 40% since January
CleanSpark’s hash rate hit 6 EH/s on Dec. 21, compared to 2 EH/s on Dec. 31, 2021 — marking a 3x increase on an annual basis. The company hit its year-end goal for the hash rate and said it expects to...
CleanSpark slashes 2023 hash rate guidance: BTC minors’ troubles continue.
CleanSpark (CLSK) reduced hash rates from 22.4 EH/s to 16 EH/s. Their partner Lancium was to provide 200 MW power capacity in West Texas. CLSK shares hopped 2% on Wednesday after falling 76% in 2022...
Core Scientific continues its rally
Despite most mining stocks falling, Core Scientific continued its rally by finishing up 72% today. Bitcoin was valued at around $17,400 at the close on Thursday, Dec. 15, according to data from...
Bitcoin miner CleanSpark slashes 2023 hashrate guidance on build-out delays
Bitcoin miner CleanSpark is lowering its 2023 hashrate guidance from 22.4 EH/s to 16 EH/s because of build-out delays coming from its infrastructure partner, Lancium. “Just recently, they ...
Bitcoin miner CleanSpark reports $42.3 million net loss, missing estimates
Bitcoin miner CleanSpark reported $26.2 million in revenue, missing the average estimate of $27.1 million. The non-GAAP net loss of $42.3 million was also worse than the estimate of $15.4 million for ...
BTC miner CleanSpark scoops up thousands of miners amid ‘distressed markets’
Sustainability-focused Bitcoin (BTC) mining company CleanSpark has snapped up another 3,843 cryptocurrency miners amid a backdrop of mining industry consolidation. The $5.9 million purchase of the Ant...
Bitcoin Miner Cleanspark Acquires 3,853 Bitmain-Made BTC Mining Rigs for $5.9 Million – Mining Bitcoin News
On Nov. 1, 2022, the bitcoin miner Cleanspark revealed it acquired 3,853 Bitmain-brand Antminer S19J Pro mining rigs for $5.9 million. According to Cleanspark, the company has purchased 26,500 bitcoin...
Cleanspark Raises Year-End Outlook by 10%
Firm’s Hashpower Surpasses 5 EH/s 30-day statistics indicate that CLSK is up 10.54% Bitcoin’s total hashrate on Tuesday – 240 EH/s Cleanspark, a bitcoin mining operation, made the announcement on Octo...
Bitcoin Miner Cleanspark Raises Year-End Outlook by 10%, Firm’s Hashpower Surpasses 5 EH/s – Mining Bitcoin News
On October 25, the bitcoin mining operation Cleanspark announced that the firm’s hashrate now exceeds 5 exahash per second (EH/s), a milestone achieved more than two months ahead of the company’s orig...
Bitcoin’s Proof of Work is a ‘feature not a flaw’: CleanSpark CEO
Bitcoin (BTC/USD) is the largest proof-of-work network, using the energy intensive mining mechanism to process transactions and secure the blockchain. And Zach Bradford, the chief executive officer of...
Bitcoin Miner Cleanspark Completes Sandersville Facility Acquisition, Firm’s Hashrate Now 4.7 Exahash – Coinotizia
On October 11, the publicly-listed bitcoin miner Cleanspark announced that it has completed the acquisition of Mawson Infrastructure Group’s Georgia-based bitcoin mining facility. Following the acquis...
Bitcoin Miner Cleanspark Completes Sandersville Facility Acquisition, Firm’s Hashrate Now 4.7 Exahash – Mining Bitcoin News
On October 11, the publicly-listed bitcoin miner Cleanspark announced that it has completed the acquisition of Mawson Infrastructure Group’s Georgia-based bitcoin mining facility. Following the acquis...
Mawson Infrastructure Group Inc. Announces Completion of the Previously Announced Sale of Its Sandersville, Georgia Facility and 6,468 ASIC’s to CleanSpark, Inc. for up to Approximately $40 Million1
Mawson is now focused on expansion activities at its Pennsylvania facilities, which, when combined with existing and pipeline sites are capable of operating at up to approximately 12.0 Exahash2 of Sel...
Bitcoin miner CleanSpark posts 21% hash rate growth in September
Bitcoin miner CleanSpark announced that its hash rate grew 21% in September, reaching 4.16 exahases per second (EH/s). The company has been on a tear lately despite the bear market, acquiring two faci...
Mining Firm CleanSpark Acquires Mining Facility in Georgia
The current capacity of the Georgia facility is for 24,108 miners. The mining firm also acquired 1,800 Antminer S19 XP machines in June. CleanSpark, a cryptocurrency mining company, stated on Friday t...