Cleanspark (CLSK), a US Bitcoin based
Mining’s firm, Says Tuesday that reaches 50 exahashes per second (eh/s) of operation of the hashrate – a milestone that makes one of the largest mining operations in the world.
The company has built and operates more than 30 sites across Georgia, Mississippi, Tennessee and Wyoming.
An vertical integrated setup provides cleanspark control over energy and operation, which helps reduce costs and boost time. “It reflects years of committed approach, discipline implementation, and a relentless commitment to doing things in the right way,” said CEO Zach Bradford.
The hashrate is a scale used to measure the power of computing behind the Bitcoin network. The higher the hashrate of a company, the higher the opportunity to earn the Bitcoin rewards.
The firm is now preparing up to 60 eh/s, with the Bradford saying the company is in “Escape Velocity” mode.
Meanwhile, the Cleanspark’s digital asset management arm began actively management of more than 12,500 self-mined Bitcoin to generate returns and expansion support without releasing new shares. “We are good bitcoin mining, holding responsible, and putting it on work in ways that encourage the shareholder value,” Bradford said.
