CleanSpark Inc (NASDAQ:CLSK) has announced that its hashrate recently exceeded 2 exahashes per second (EH/s), doubling over the past three months.
The Bitcoin mining and energy technology company said at a 2 EH/s hashrate, it now sustainably produces around 10 bitcoins a day and has an installed production capacity that puts it among the top of publicly-traded North American miners.
Hashrate, or the computing power to mine a cryptocurrency, is one of the most important metrics for evaluating publicly traded bitcoin miners because it determines how many bitcoins a miner is producing on a regular basis.
READ: CleanSpark marks its one-year anniversary of sustainable Bitcoin mining
“We have more capacity coming, in terms of both machines and access to additional energy,” CEO Zach Bradford said in a statement. “In fact, we believe we are one of the most efficient miners in terms of hashrate per megawatt and we are on track to maintain that."
As a sustainable company, CleanSpark said it operates at top mining and energy efficiency levels, which is particularly important given that mining difficulty is growing along with global hashrate.
One way it said it achieves that is through the adoption of next-generation green technologies, like immersion cooling. It is also preparing to install a solar array at its Norcross, Georgia, facility for sun-powered mining.
“Given how much network difficulty is increasing, if you’re not growing, you’re regressing,” executive chairman Matt Schultz added.
“Our accelerated growth is the direct result of our teams’ hard work and dedication to the Bitcoin network.”
To celebrate the achievement, CleanSpark is giving away a series of limited edition NFTs and general admission passes to the upcoming Bitcoin 2022 conference in Miami.
The giveaway runs from January 31 to February 4, 2022, on Twitter. To win one of the free NFTs and passes, it said participants must follow @CleanSpark_Inc on Twitter and correctly identify the answer to a daily Bitcoin-related trivia question. The first two followers to respond correctly will be gifted an NFT and conference pass.
Nevada-based CleanSpark is a sustainable Bitcoin mining and energy technology company that is focused on solving modern energy challenges.
It entered the Bitcoin mining industry in December 2020 with its purchase of ATL Data Centers. A second data center, located in Gwinnett County, was acquired in August 2021 with plans to invest $145 million in capital and human investments over the next five years.
Contact the author at stephen.gunnion@proactiveinvestors.com