CleanSpark is a top publicly traded crypto mining company in terms of hashrate
CleanSpark, Inc. (Nasdaq: CLSK) (the “Company” or “CleanSpark”), a sustainable bitcoin mining and energy technology company, today announced that its hashrate has recently exceeded 2 exahashes per second (EH/s), doubling over the past three months.
Hashrate, or the computing power to mine a cryptocurrency, is one of the most important metrics for evaluating publicly traded bitcoin miners because it determines how many bitcoins a miner is producing on a regular basis.
At 2 EH/s hashrate, CleanSpark now sustainably produces around 10 bitcoins a day and has an installed production capacity that puts it among the top of publicly traded North American miners.
“We have more capacity coming, in terms of both machines and access to additional energy,” said Zach Bradford, CEO. “In fact, we believe we are one of the most efficient miners in terms of hashrate per megawatt and we are on track to maintain that.”
Being a sustainable company, CleanSpark operates at top mining and energy efficiency levels, which is particularly important given that mining difficulty is growing along with global hashrate. One way CleanSpark achieves that is through the adoption of next-generation green technologies, like immersion cooling. CleanSpark is also preparing to install a solar array at its Norcross, GA, facility for sun-powered mining.
“Given how much network difficulty is increasing, if you’re not growing, you’re regressing,” said Matt Schultz, executive chairman. “Our accelerated growth is the direct result of our teams’ hard work and dedication to the Bitcoin network.”
To celebrate the achievement, CleanSpark is giving away a series of limited edition NFTs and general admission passes to the upcoming Bitcoin 2022 conference in Miami. The giveaway runs January 31 to February 4 on Twitter. Additional details will be posted on CleanSpark’s official Twitter account.