Compared to the spot market price just a few months ago, CleanSpark purchased the machines at a substantial discount. Two bulk purchases of machines have been made by the firm within the last month. Also, the company acquired 1,800 Antminer S19 XP bitcoin mining machines at an exceptional discount after the June market downturn.
Over the past six months, CleanSpark has increased its computing power by 47% and its bitcoin production by 50%. “We are seeing unprecedented opportunities in this market. Our tried-and-true hybrid approach of co-locating our machines while expanding our own mining facilities puts us in an excellent position to sustainably grow our bitcoin mining capacity in what is shaping up to be an incredible market for builders,” Zach Bradford, CEO of CleanSpark, commented.
He added: “These important KPIs underscore the fact that our growth is outpacing global hashrate
Hash Rate
A hash rate is the measure of a cryptocurrency miner’s performance and a key security metric. In the context of mining, the more hashing or computing power in a given network, the greater its security and its overall resistance to attackMining hashrate is a key security metric. The more hashing (computing) power in the network, the greater its security and its overall resistance to attack. Hash rate is also a measurement of the output of a device that is used to add transactions to a blockchain ledgers that run on Proof-of-Work (PoW) algorithms.Hash Rate and Crypto MiningPoW algorithms require the computers that uphold the network and process transactions (called nodes) to solve complex equations in order to reach consensus, or agreement on whether or not a transaction. This process is called mining. Miners are chosen based on which one of them has the most powerful equipment–in other words, the highest hash rate.
A hash rate is the measure of a cryptocurrency miner’s performance and a key security metric. In the context of mining, the more hashing or computing power in a given network, the greater its security and its overall resistance to attackMining hashrate is a key security metric. The more hashing (computing) power in the network, the greater its security and its overall resistance to attack. Hash rate is also a measurement of the output of a device that is used to add transactions to a blockchain ledgers that run on Proof-of-Work (PoW) algorithms.Hash Rate and Crypto MiningPoW algorithms require the computers that uphold the network and process transactions (called nodes) to solve complex equations in order to reach consensus, or agreement on whether or not a transaction. This process is called mining. Miners are chosen based on which one of them has the most powerful equipment–in other words, the highest hash rate.
Read this Term, particularly our ability to stay ahead of network difficulty adjustments. We believe that our operational strategy focused on efficiency, up-time and execution will allow these metrics to continually improve.”
White Rock Management’s Facility in the US
Recently, White Rock Management announced the launch of its first US-basedBitcoin mining facility in Texas’ Brazos Valley region.Natural gas by-products from active oil wells on-site will power the company’s initial operations. A partnership between White Rock and NGON, a green energy services and technology company, will capture the gas and divert it to produce Bitcoin.
White Rock’s data center sites in Sweden have a total capacity of 30 MW. A total hashrate of 1.6 EH/s is expected to be achieved once US operations begin.
Compared to the spot market price just a few months ago, CleanSpark purchased the machines at a substantial discount. Two bulk purchases of machines have been made by the firm within the last month. Also, the company acquired 1,800 Antminer S19 XP bitcoin mining machines at an exceptional discount after the June market downturn.
Over the past six months, CleanSpark has increased its computing power by 47% and its bitcoin production by 50%. “We are seeing unprecedented opportunities in this market. Our tried-and-true hybrid approach of co-locating our machines while expanding our own mining facilities puts us in an excellent position to sustainably grow our bitcoin mining capacity in what is shaping up to be an incredible market for builders,” Zach Bradford, CEO of CleanSpark, commented.
He added: “These important KPIs underscore the fact that our growth is outpacing global hashrate
Hash Rate
A hash rate is the measure of a cryptocurrency miner’s performance and a key security metric. In the context of mining, the more hashing or computing power in a given network, the greater its security and its overall resistance to attackMining hashrate is a key security metric. The more hashing (computing) power in the network, the greater its security and its overall resistance to attack. Hash rate is also a measurement of the output of a device that is used to add transactions to a blockchain ledgers that run on Proof-of-Work (PoW) algorithms.Hash Rate and Crypto MiningPoW algorithms require the computers that uphold the network and process transactions (called nodes) to solve complex equations in order to reach consensus, or agreement on whether or not a transaction. This process is called mining. Miners are chosen based on which one of them has the most powerful equipment–in other words, the highest hash rate.
A hash rate is the measure of a cryptocurrency miner’s performance and a key security metric. In the context of mining, the more hashing or computing power in a given network, the greater its security and its overall resistance to attackMining hashrate is a key security metric. The more hashing (computing) power in the network, the greater its security and its overall resistance to attack. Hash rate is also a measurement of the output of a device that is used to add transactions to a blockchain ledgers that run on Proof-of-Work (PoW) algorithms.Hash Rate and Crypto MiningPoW algorithms require the computers that uphold the network and process transactions (called nodes) to solve complex equations in order to reach consensus, or agreement on whether or not a transaction. This process is called mining. Miners are chosen based on which one of them has the most powerful equipment–in other words, the highest hash rate.
Read this Term, particularly our ability to stay ahead of network difficulty adjustments. We believe that our operational strategy focused on efficiency, up-time and execution will allow these metrics to continually improve.”
White Rock Management’s Facility in the US
Recently, White Rock Management announced the launch of its first US-basedBitcoin mining facility in Texas’ Brazos Valley region.Natural gas by-products from active oil wells on-site will power the company’s initial operations. A partnership between White Rock and NGON, a green energy services and technology company, will capture the gas and divert it to produce Bitcoin.
White Rock’s data center sites in Sweden have a total capacity of 30 MW. A total hashrate of 1.6 EH/s is expected to be achieved once US operations begin.
