The Hashrate of Cleanspark, a Publicly Traded Bitcoin Mining Firm, Surpasses 3 Exahash, and the Company Achieves a Daily Production High of 13.25 BTC – Mining Bitcoin News

The Hashrate of Cleanspark, a Publicly Traded Bitcoin Mining Firm, Surpasses 3 Exahash, and the Company Achieves a Daily Production High of 13.25 BTC - Mining Bitcoin News

Bitcoin miner Cleanspark reports that it has witnessed fast growth this year, despite the crypto winter, and that the operation’s hashrate has topped 3 exahash per second (EH/s), tripling in size in a period of less than a year. The announcement comes in the wake of a number of expansions that bitcoin mining firms have been working on throughout the turbulent crypto market of 2022.

Cleanspark’s Hashrate Exceeds 3 EH/S, and the Executive Chairman of the Bitcoin Mining Company Says the Company Was Prepared ‘for a Rough Market’

On Tuesday, the bitcoin mining business known as Cleanspark (Nasdaq: CLSK) made the announcement that the hashrate of the company had officially topped 3 EH/s. Hashpower at the company has increased by a factor of three in less than a year, according to Cleanspark, and at the moment the company operates 31,000 ASIC mining rigs. ASIC stands for application-specific integrated circuit. The business claims that Cleanspark has hit a “day production peak of 13.25 bitcoins.”

Following the news that the company had purchased thousands of ASIC miners of the following generation at a reduced cost, Cleanspark provided an update on Tuesday. The company stated at the time that the crypto winter presented “unique prospects,” and during the first week of August, it made an announcement on the acquisition of a plug-in-ready mining facility with a capacity of up to 86 megawatts (MW). There have been a significant number of other bitcoin mining enterprises that have been increasing and growing their operations in the year 2022 as well.

Applied Digital has just just disclosed that it has acquired land in North Dakota for the purpose of constructing a mining facility. This comes after the company successfully obtained a loan of $15 million to continue its expansion. Validus Power, a blockchain power solutions provider, recently announced that the company will be expanding its data center infrastructure in Canada.

The bitcoin mining operation Terawulf Inc. (Nasdaq: WULF) changed the terms of the joint venture agreement it had previously established with the Nautilus Cryptomine bitcoin mining center on Monday. This month, Cipher Mining finished the company’s 40 MW Texas mining plant that is powered by wind, while BIT Mining unveiled a $9.3 million registered direct offering two weeks ago. Both of these accomplishments were recently announced.

Matt Schultz, the executive chairman of Cleanspark, indicated that the company had braced for the slump that the crypto winter would bring when it surpassed 3 EH/s. Schultz further on this subject on Tuesday, when he released a statement in which he said, “We prepared for a hard market, which allowed us to take advantage of exceptional possibilities and move the Company farther.” “As a result of that,” the CEO went on to say, “we are boosting our market share as a publicly traded bitcoin miner.”

In the meantime, the value of a significant number of shares originating from bitcoin miners that are traded on public exchanges has dropped by a sizeable amount this year. When measured against the US dollar, CLSK has experienced a depreciation of 68.33% so far in 2018, and at one point, it was trading for more than $22 per share. According to the data provided by stock exchanges on Tuesday, a share of CLSK can be purchased for $4.29.

Orizu Augustine
Orizu Augustine is an experienced crypto writer working for Alltechcraft. Having passion for writing, he covers news articles from blockchain to cryptocurrency and iPhone and Samsung related articles.