CleanSpark is including 200 megawatts of renewable energy to its bitcoin mining operations in West Texas over the subsequent yr by means of an settlement signed with vitality expertise firm Lancium because the miner seeks to extend its present hashrate capability five-fold.
The bitcoin mining firm mentioned in a press release despatched to Bitcoin Journal that it expects the primary 50 MW of the bought capability to be operational by the tip of 2022, whereas the remaining 150 MW ought to be up and operating throughout Spring 2023. The settlement additionally provisions an choice so as 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 so as 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 proceed to construct extra capability at our personal bitcoin mining services whereas we associate with colocation service suppliers,” mentioned Zach Bradford, CEO of CleanSpark, in a press release. “This hybrid strategy helps us make sure that we all the time have rackspace able to deploy new machines when they’re delivered to us by the producers.”
Lancium is devoted to accelerating the vitality transition with what it calls “Clear Campuses” that act as controllable load assets (CLR) for enhanced energy grid reliability while encouraging the expansion of renewable vitality. The agency’s first Clear Campus was introduced final yr.
“Our Clear Campuses present a singular resolution that can present each inexperienced and low price energy for patrons which might be interruptible and use massive quantities of energy,” 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 each day manufacturing peak of 10.15 BTC. The miner introduced in December that it had bought the mandatory infrastructure to immersion cool its 20 MW Norcross, Georgia bitcoin mining operations, a transfer it mentioned on the time may lead to a 20% improve in mining effectivity.
