CleanSpark Reaches 30 EH/s

CleanSpark Inc. (Nasdaq: NASDAQ:), America’s Bitcoin Miner® (the “Firm”), at the moment introduced it has achieved 30 EH/s (exahashes per second) in operational hashrate.

The Firm’s hashrate has surged 200% since October 2023 by way of vital natural progress paired with turn-key acquisitions and the execution of a fleet improve, enhancing effectivity throughout the identical interval by almost 20% and boosting the variety of operational machines by 112%. The effectivity enchancment technique has resulted in elevated computing energy whereas consuming much less vitality and permitting for extra hashrate to be generated with fewer machines.

The Firm expects to surpass 37 EH/s earlier than the tip of 2024 and intends to proceed its progress to 50 EH/s and past in 2025. Extra hashrate is anticipated to return on-line as a result of anticipated acquisition closing of GRIID Infrastructure Inc this month. CleanSpark is among the largest owned-and-operated publicly traded bitcoin miners in North America and has a portfolio of websites positioned in Georgia, Mississippi, Wyoming and Tennessee.

“Reaching 30 EH/s positions us as one of many largest bitcoin miners on this planet. We’ve got added extra operational hashrate than every other miner in 2024. The outcomes we proceed to ship exhibit our dedication and skill to scale quickly and with capital effectivity,” stated Zach Bradford, CEO. “Our crew’s agility, effectiveness and relentless grit has been paramount to the success of CleanSpark. Our efforts to time the market and lock in industry-best pricing on rigs and websites positioned us to reap the benefits of the alternatives out there. Throughout this era of fast enlargement of our operations, we now have additionally grown our bitcoin treasury to over 8,049 bitcoin. Since October 2021, we now have considerably elevated our computing energy yr over yr by quadrupling in 2022, almost doubling in 2023 and tripling our hashrate in 2024.”