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CleanSpark Doubles Down on Bitcoin Mining with $55M Expansion

Sep 13, 2024
  1. Capacity Expansion
  2. Future Plans
  3. Community Impact

CleanSpark Inc. has announced a significant milestone in its expansion efforts, increasing its Bitcoin mining capacity to 26 EH/s by September 2024.

Capacity Expansion

In the latest phase of growth, CleanSpark has energized a 50 MW facility in Sandersville, Georgia, as part of a larger 150 MW expansion project. This development has enabled CleanSpark to rapidly scale its operations, positioning it as a major player in the U.S. bitcoin mining industry.

Future Plans

The expansion is expected to further boost CleanSpark's capacity, with projections indicating that its total hashrate could reach 37 EH/s by the end of 2024. This would mark a nearly 30% increase in mining power from current levels, solidifying CleanSpark’s role in the industry.

Community Impact

CEO Zach Bradford emphasized the importance of the local community in these expansion efforts, showcasing how partnerships between bitcoin miners and local regions can contribute to mutual success.

Thus, CleanSpark continues to strengthen its position in the bitcoin mining market, successfully implementing plans for significant capacity increases and engaging with local communities to achieve mutual goals.

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