Bitcoin Miner CleanSpark Strikes 50 EH/s Hashrate Milestone

The post Bitcoin Miner CleanSpark Hits 50 EH/s Hashrate Milestone appeared on BitcoinEthereumNews.com.CleanSpark (CLSK), a U.S.-based bitcoin mining company, stated Tuesday that it reached 50 exahashes per 2nd (EH/s) of functional hashrate– a turning point that makes it one of the largest mining operations in the world. The company built and runs more than 30 websites across Georgia, Mississippi, Tennessee and Wyoming. A vertically integrated setup provides CleanSpark control over energy procurement and operations, helping minimize costs and boost uptime. “It reflects years of concentrated technique, disciplined execution, and an unrelenting dedication to doing things the right way,” stated CEO Zach Bradford. Hashrate is a metric used to measure the computing power behind the Bitcoin network. The higher an offered business’s hashrate, the higher its chances of earning bitcoin benefits. The company is now preparing to scale as much as 60 EH/s, with Bradford mentioning the company was in “escape velocity” mode. CleanSpark’s Digital Asset Management arm has actually begun actively managing over 12,500 self-mined bitcoin to produce returns and support growth without issuing brand-new shares. “We’re mining bitcoin efficiently, holding it responsibly, and putting it to operate in ways that drive shareholder worth,” Bradford said. Source: Coindesk