Listed Bitcoin Miner Cleanspark’s Hashrate Exceeds 3 Exahash, Sets Record Daily Production of 13.25 BTC – Mining Bitcoin News

Bitcoin miner Cleanspark says it experienced accelerated growth amid the crypto winter this year and its operation’s hash rate has surpassed 3 exahashes per second (EH/s), tripling in less than twelve months. The news follows a series of expansions that bitcoin mining has embarked on during 2022’s tumultuous crypto market.

Cleanspark’s Hashrate Surpasses 3 EH/S, Bitcoin Miner’s Executive Chairman Says Firm Was Prepared For A Rough Market

On Tuesday, bitcoin miner Cleanspark (Nasdaq: CLSK) announced that the company’s hash rate has officially passed 3 EH/s. Cleanspark notes that the firm’s hashpower has jumped threefold in less than a year, and currently the company has 31,000 ASIC (application specific integrated circuit) mining rigs. According to the company, Cleanspark has recorded a “daily production of 13.25 bitcoins.”

Cleanspark’s update on Tuesday follows the firm revealing that it bought thousands of next-generation ASIC miners at a discounted price. At the time, the company said the crypto winter presented “unprecedented opportunities,” and during the first week of August it announced the acquisition of a plug-in-ready mining facility with up to 86 megawatts (MW) of capacity. A large number of other bitcoin mining operations have also expanded and expanded their operations in 2022.

Applied Digital recently revealed that it acquired land in North Dakota for a mining facility after it secured a $15 million loan to continue its expansion. Validus Power, a blockchain power solutions company, announced that the company is building out several data centers in Canada.

On Monday, bitcoin miner Terawulf Inc. (Nasdaq: WULF) amended its existing joint venture agreement for bitcoin mining hub Nautilus Cryptomine. This month, Cipher Mining completed the firm’s 40 MW Texas wind-powered mining facility, and two weeks ago BIT Mining disclosed a registered direct offer of $9.3 million.

After passing 3 EH/s, Cleanspark’s Executive Chairman Matt Schultz explained that the company had prepared for the downturn of crypto winter. “We prepared for a tough market, which allowed us to take advantage of unique opportunities and drive the company forward,” Schultz said in a statement Tuesday. “Because of that, we are increasing our market share as a publicly traded bitcoin miner,” the executive added.

Meanwhile, a large amount of stocks originating from publicly traded bitcoin miners are down a lot in value this year. Year to date, CLSK has lost 68.33% against the US dollar and at one point was trading at more than $22 per share. On Tuesday, stock market data shows that CLSK changed hands for $4.29 per share.

What do you think of Cleanspark surpassing 3 EH/s in the middle of crypto winter? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the news editor at Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.