Cleanspark (CLSK), an American-based Bitcoin
The mining company said Tuesday that it reached 50 Exahashes per day. Second (eh/s) of operational hash rate – a milestone that makes it one of the largest mining in the world.
The company built and operates more than 30 locations across Georgia, Mississippi, Tennessee and Wyoming.
A vertically integrated setup provides Cleanspark control over energy outcomes and operations, which helps reduce costs and increase uptake. “It reflects many years of focused strategy, disciplined execution and a merciless obligation to do things the right way,” said CEO Zach Bradford.
Hashrate is a metric used to measure the computing power behind the Bitcoin network. The higher a given company’s hashrate, the higher it is chances of earning Bitcoin rewards.
The company is now preparing to scale up to 60 EH/S, with Bradford, who said the company was in “Escape Velocity” mode.
Meanwhile, Cleanspark’s Digital Asset Management Arm has begun actively managing over 12,500 self-mined Bitcoin to generate returns and support expansion without issuing new shares. “We mining Bitcoin effectively, holding it responsible and putting it to work in ways that drive shareholder value,” Bradford said.
