CleanSpark, Inc. (NASDAQ:CLSK) announced that it has secured an additional 1,000 ASICs (Application-specific integrated circuit) Bitcoin miners, slated for delivery and commissioning in the coming month.
The company, an advanced software and controls technology solutions company, focused on solving modern energy challenges, said this order, when paired with the 500 ASICs announced last week and installation of the new S19s, is expected to increase the company's mining capacity by more than 100 PH/s to approximately 300 PH/s.
READ: CleanSpark earns 10 Bitcoins to add nearly $200K in revenue a week after acquiring crypto miner ATL Data Center
Zachary Bradford, CleanSpark's president and chief executive officer said in a statement: "We are excited about demonstrating the efficiency of microgrid solutions on high-density energy operations. As we work towards the implementation of the facility power system upgrade, our focus is on maximizing the total Bitcoin output by immediately adding ASICs.
"In the Bitcoin mining industry, time is money, and due to the meteoric rise in price, ASIC miners are exceedingly difficult to procure. Many mining companies, both publicly traded and privately held, have stated plans to expand capacity in six to nine months, however, we have focused on sourcing units for immediate deployment. As Bitcoin prices have continued to rise, and industry leaders such as Square, PayPal, MicroStrategy and others have made substantial investments in Bitcoin, we believe this strategy will provide exceptional returns for our shareholders."
"This opportunity presented us a chance to deploy additional resources in furtherance of our strategy to utilize the available energy supply in the most efficient and profitable manner possible," concluded Bradford.
Nevada-based CleanSpark provides advanced software and controls technology solutions to solve modern energy challenges. It has a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications and energy management solutions. The group's offerings consist of intelligent energy monitoring and controls, intelligent microgrid design software, middleware communications protocols for the energy industry, energy system engineering and software consulting services.
ATL Data Centers is a traditional data center operation located in the City of College Park, Georgia, just minutes from the Hartsfield-Jackson International Airport. In addition to providing customers with rack space, power and equipment, ATL Data Centers also offers several "Cloud Services" including, virtual services, virtual storage, and data backup services. It also manages 23 mobile data centers, located on-site, which can be used for a variety of purposes, including ASIC operations or other services requiring heavy power use.
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