Software optimizations continue to drive strong efficiency gains; fleet wide efficiency now estimated at 27.8 joules per terahash (J/TH)
LAS VEGAS, Oct. 27, 2023 /PRNewswire/ — CleanSpark Inc. (NASDAQ:CLSK), America’s Bitcoin Miner™, today announced it has surpassed a total hashrate of 10 exahashes per second (EH/s), reaching a milestone that few publicly traded bitcoin mining companies have ever achieved.
Software optimizations continue to drive gains; fleet wide efficiency now estimated at 27.8 joules per terahash (J/TH)
CleanSpark is one of the most efficient and fastest-growing publicly traded bitcoin miners in North America. The Company increased its hashrate by nearly 50 percent in the last five months alone and is more than halfway to its planned capacity of 16 EH/s.
CleanSpark’s recent incremental growth comes from a combination of software optimizations and fleet improvements. Operational teams are swapping out older ASICS for the newer, more efficient Antminer XPs. CleanSpark’s fleet wide efficiency is estimated at 27.8 joules per terahash (J/TH).
CleanSpark recently purchased 4.4 EH/s of Antminer S21 bitcoin mining machines, which are scheduled to be delivered in early 2024. Once plugged in, the Company expects to reach a total hashrate of more than 20 EH/s. The efficiency rating of the S21 is 17.5 J/TH, nearly 20% more efficient than the XP.
“Our talented teams are driving incredible optimizations at our existing data centers while also executing a massive expansion at our Sandersville location,” said Zach Bradford, CEO. “Both efforts—efficiency optimizations on the one hand, and expansions on the other—are helping us to achieve the scale and position that we expect will make us among the best prepared for the upcoming halving.”
