On Tuesday, the bitcoin mining company Cleanspark announced it acquired a plug-in-ready bitcoin mining facility that is scalable to 86 megawatts (MW) of capacity. Presently, the newly opened site in Washington, Georgia, has 36 megawatts, which is expected to give Cleanspark’s hashrate a 38% boost this quarter.
Publicly-Listed Bitcoin Miner Cleanspark Expands Operations in Georgia
After Cleanspark Inc. (Nasdaq: CLSK) revealed last month that it acquired 1,061 bitcoin miners at a “discounted price,” the company announced it has acquired a new facility in Washington, the county seat of Wilkes County, Georgia. The new facility has the capacity to host up to 86 MW and Cleanspark purchased the facility for $16.2 million. The mining firm also bought 3,400 Antminer S19 mining rigs for $8.9 million.
The Antminer rigs are currently in operation with 340 petahash per second (PH/s) of hashpower. “[Cleanspark] will fill the balance of the 36 MW with machines already paid for and on hand,” Tuesday’s announcement details. The new facility will be Cleanspark’s third clean-energy bitcoin mining facility in Georgia. The company says that it looks forward to growing the facility’s infrastructure and bolstering local jobs in the region. The site leverages low-carbon energy sources such as nuclear, Cleanspark’s announcement explains.
“We are excited to expand our footprint in Georgia,” Cleanspark’s CEO Zach Bradford said in a statement. The market has been preparing all summer for consolidation, and we are pleased to be on the acquiring side. Our focus on sustainability and maximizing value for our stakeholders have put us in a unique position to take advantage of the unprecedented opportunities that the current market has created.” Bradford continued:
We are especially excited to be working with the citizens of Washington, GA, who have been so welcoming to us. We look forward to maintaining and growing jobs and infrastructure at our new campus in Washington.
Cleanspark shares CLSK have seen gains during the last 30 days rising 10.51%, but one-year statistics show CLSK has lost 67.86%. A number of other publicly-listed mining companies have seen shares follow the same downward trend as cryptocurrencies in the current bear market. For instance, Marathon Digital Holdings (Nasdaq: MARA) reported that it recorded negative Q2 results, but the company saw increases in bitcoin production.
The price of bitcoin has hurt BTC mining revenue and the leading crypto asset’s hashrate slipped 1.7% lower in Q2 in comparison to the first quarter. Despite the crypto winter, Cleanspark has continued to expand and when it acquired two bulk orders of ASIC miners in July at a discount, Bradford highlighted that Cleanspark was seeing “unprecedented opportunities in this market.”
What do you think about Cleanspark acquiring a facility in Washington, Georgia with up to 86 MW of capacity and purchasing 3,400 Antminers? Let us know your thoughts about this subject in the comments section below.
Source: Mining Archives – Bitcoin News
SAI Tech Reveals 2 New Liquid Cooling Bitcoin Mining Containers Built for Overclocking Flexibility
On September 28, the bitcoin mining operator and clean-technology company, SAI Tech, announced the launch of two liquid cooling bitcoin mining infrastructure products called the Tankbox and Rackbox. The two new models join the firm’s SAIHUB Box and feature plate cooling and immersion cooling technologies. SAI Tech Unveils Tankbox and Rackbox Bitcoin Mining Infrastructure Products […]
On September 28, the bitcoin mining operator and clean-technology company, SAI Tech, announced the launch of two liquid cooling bitcoin mining infrastructure products called the Tankbox and Rackbox. The two new models join the firm’s SAIHUB Box and feature plate cooling and immersion cooling technologies.
SAI Tech Unveils Tankbox and Rackbox Bitcoin Mining Infrastructure Products
As cryptocurrency mining continues to improve application-specific integrated circuit (ASIC) efficiency and mining infrastructure technologies, SAI Tech (Nasdaq: SAI) has announced the launch of two mining infrastructure modules that leverage liquid cooling schemes.
The first is the Tankbox, which can accommodate roughly 72-144 ASIC mining rigs and produce anywhere between 12 to 20 petahash per second (PH/s) of hashrate. Tankbox will be available to the public by the end of 2022 and the module is “equipped with heat recovery system and can provide ~50°C hot water outflow.”
SAI Tech has also introduced the Rackbox, a module that can accommodate 90 Microbt Whatsminer ASIC mining rigs that feature liquid-cooling technology. According to SAI Tech’s announcement, the Rackbox can house the Microbt Whatsminer series M33S+, M33S++, and M53 models.
The Rackbox allows miners to overclock and underclock ASIC mining machines and can achieve an estimated 24-26 PH/s per container. Without overclocking, the Rackbox can provide roughly 18-20 PH/s, SAI Tech’s summary of the two products notes.
“Rackbox helps mining operators achieve increased profit during the entire bitcoin cycle by reducing the power-off risk in the bear market and gaining excess return in the bull market,” SAI Tech’s announcement details on Wednesday. “Also, Rackbox is capable of recovering waste heat and can provide ~60°C hot water. Rackbox is expected to be launched in the first quarter of 2023.”
SAI Tech’s founder and CEO Arthur Lee explained that the containers further provide a waste heat recovery system. “Tankbox and Rackbox are compatible with all air-cooling and liquid-cooling miners on the market with our unique waste heat recovery capability,” Lee said in a statement during the announcement.
[Launching] these two new products further demonstrates our deep and industry-leading know-how in liquid cooling and waste heat recovery, brings exciting news to the bitcoin mining industry and effectively enables the sustainable future of bitcoin mining infrastructure.
SAI Tech’s new products are prefabricated and resemble a 20ft storage container with integrated components. Items featured include mining rig cabinets, a power control, and a water circulation system. The company notes that the Tankbox and Rackbox modules are ideal for “utilizing idle energy such as flared gas.” Following the announcement on Wednesday, SAI Tech shares jumped 1.14% higher against the U.S. dollar during the last 24 hours.
SAI Tech is not the only mining operation that offers mining container devices. At the end of June, Bitdeer announced the launch of the company’s Antbox or Deerbox plug-and-play mobile mining farm modules. Bitdeer’s product was originally a Bitmain product but the design was allocated to Bitdeer following Bitmain’s restructuring. A single Bitdeer Deerbox module is able to host up to 180 Bitmain Antminer S19 mining rig units.
What do you think about SAI Tech’s new bitcoin mining containers with plate cooling and immersion cooling technologies? Let us know what you think about this subject in the comments section below.
Source: Mining Archives – Bitcoin News