CleanSpark is including 200 megawatts of renewable energy to its bitcoin mining operations in West Texas over the following yr by means of an settlement signed with vitality know-how firm Lancium because the miner seeks to improve its present hashrate capability five-fold.
The bitcoin mining firm mentioned in a press release despatched to Bitcoin Magazine that it expects the primary 50 MW of the bought capability to be operational by the tip of 2022, whereas the remaining 150 MW must be up and operating throughout Spring 2023. The settlement additionally provisions an possibility to add an additional 300 MW of vitality sooner or later.
CleanSpark mentioned Houston-based Lancium’s energy, positioned in areas with entry to low-cost renewable vitality, may allow it to add an estimated 16 exahash per second (EH/s) to the agency’s hashrate capability as soon as utilized in full to feed the miner’s ASICs.
“We continue to build more capacity at our own bitcoin mining facilities while we partner with colocation service providers,” mentioned Zach Bradford, CEO of CleanSpark, in a press release. “This hybrid approach helps us ensure that we always have rackspace ready to deploy new machines when they are delivered to us by the manufacturers.”
Lancium is devoted to accelerating the vitality transition with what it calls “Clean Campuses” that act as controllable load sources (CLR) for enhanced energy grid reliability while encouraging the expansion of renewable vitality. The agency’s first Clean Campus was announced final yr.
“Our Clean Campuses provide a unique solution that will provide both green and low cost power for customers that are interruptible and use large amounts of power,” mentioned Michael McNamara, CEO and co-founder of Lancium, in a press release.
CleanSpark, a Nasdaq-listed firm, mined 276 BTC in February – a month it reached a every day manufacturing peak of 10.15 BTC. The miner introduced in December that it had bought the required infrastructure to immersion cool its 20 MW Norcross, Georgia bitcoin mining operations, a transfer it mentioned on the time might end in a 20% improve in mining effectivity.