Publicly traded bitcoin miner Cleanspark hashrate tops 3 exahash, company posts daily production high of 13.25 BTC – Mining Bitcoin News

Bitcoin miner Cleanspark says it has seen accelerated growth this year amid the crypto winter, with the operation’s hash rate surpassing 3 exahashes per second (EH/s) and trebling in less than 12 months. The news follows a series of enhancements that Bitcoin mining operations have begun during the turbulent crypto market of 2022.

Cleanspark’s hashrate surpasses 3 EH/S, Bitcoin Miner’s Executive Chairman says the company is “prepared for a rough market”.

On Tuesday, bitcoin mining operation Cleanspark (Nasdaq: CLSK) announced that the company’s hashrate has officially exceeded 3 EH/s. Cleanspark notes that the company’s hash power has tripled in less than a year and the company currently has 31,000 ASIC (application specific integrated circuit) mining rigs. According to the company, Cleanspark has seen a “daily production high of 13.25 bitcoins.”

Cleanspark’s update on Tuesday follows the company revealing that it has acquired thousands of next-generation ASIC miners at a discounted price. At the time, the company said the crypto winter offered “unprecedented opportunities” and announced the acquisition of a plug-in mining rig with a capacity of up to 86 megawatts (MW) in the first week of August. A large number of other bitcoin mining operations have also expanded and expanded their operations in 2022.

Applied Digital recently announced it has received land in North Dakota for a mining facility after securing a $15 million loan to continue expansion. Validus Power, a blockchain energy solutions company, announced that the company is building more data centers in Canada.

On Monday, bitcoin mining company Terawulf Inc. (Nasdaq: WULF) amended its existing joint venture agreement for bitcoin mining center Nautilus Cryptomine. This month, Cipher Mining completed the company’s 40 MW wind-powered mining facility in Texas, and two weeks ago BIT Mining announced a $9.3 million registered direct offering.

After surpassing 3 EH/s, Cleanspark CEO Matt Schultz stated that the company was preparing for the crypto winter downturn. “We prepared for a rough market that allowed us to capitalize on unique opportunities and continue to drive the business forward,” Schultz said in a statement Tuesday. “That’s why we’re expanding our market share as a publicly traded bitcoin miner,” the executive added.

Meanwhile, a large number of stocks originating from publicly traded bitcoin mining companies have fallen sharply in value this year. Year-to-date, CLSK is down 68.33% against the US dollar and was once trading for more than $22 a share. Stock market data on Tuesday showed CLSK changing hands at $4.29 a share.

tags in this story

3 EH/s, 3 Exahash, Bit Mining, Bitcoin (BTC), Bitcoin Miners, BTC, BTC Mining, Cipher Mining, Cleanspark, Cleanspark CEO, Cleanspark Executive Chairman, Crypto Mining, Crypto Winter, Crypto Winter Opportunities, Matt Schultz , Matt Schultz Cleanspark, Mining, Nautilus Cryptomine, Terawulf, Three Exahash, Zach Bradford

What do you think of Cleanspark surpassing 3 EH/s in the middle of crypto winter? Let us know what you think about this topic in the comment section below.

Jamie Redman

Jamie Redman is the news director at Bitcoin.com News and a Florida-based financial technology journalist. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for bitcoin, open source code and decentralized applications. As of September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about today’s emerging disruptive protocols.

Photo credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer, or a solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In case you missed it

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers