CleanSpark Inc (NASDAQ:CLSK) announced Tuesday an additional purchase of 1,150 new miners, scheduled for delivery in June 2021, capable of producing 100 Petahashs per second (PH/s) of Bitcoin mining capacity.
The company said it has now secured a total of 3,650 miners, or 318 PH/s of additional Bitcoin mining hash rate capacity, during the past two weeks for delivery and deployment in June and July 2021.
Those orders, along with the company's current mining fleet, are expected to bring CleanSpark total hash rate up to an estimated 633 PH/s.
READ: CleanSpark to add 2,500 more Bitcoin mining rigs and expand operations
The order and delivery dates for miners are on schedule with the company's previously stated goals for expansion, targeted to reach 1-1.3 PH/s this summer.
"We are excited about our growing production capacity as we push towards our goal of reaching 1.3 PH/s by the end of summer 2021,” said CEO Zach Bradford in a statement. “We are also eager to add renewable energy resources to our existing mining facilities later this year. In addition to increasing on the hash rate at our Atlanta facilities, we are analyzing opportunities to further expand to additional locations that would be supported by clean energy."
Through its wholly-owned subsidiary ATL Data Centers LLC, CleanSpark owns and operates a data center that provides customers with traditional on-site and cloud-based data center services. It also owns and operates its fleet of Bitcoin miners.
CleanSpark said its goal is to operate the lowest-energy-cost Bitcoin mining facilities at scale in the nation. The company will work to accomplish this not only by securing advantageous power purchase agreements but also by leveraging its patented microgrid energy solutions.
Contact the author: patrick@proactiveinvestors.com
Follow him on Twitter @PatrickMGraham