An infamous Bitcoin miner, Cleanspark says it experienced a quick growth during the CryptoWinters this year. The operation’s hashrate crossed 3 exahash per second tripling in less than twelve months.
The Bitcoin Mining COmpany, Cleanspark announced this Tuesday that the fim has noticed a hike in exahash by 2 EH/s. The firm notes that hashpower has taken a 3X jump in less than a year. The company currently has 31,000 ASIC (Application-Specific Integrated Circuit) mining rigs. Cleanspark recorded 13.25 Bitcoins on daily production.
Cleanspark in a recent interview unveiled that they have acquired hundreds and thousands of next-generation ASIC miners at a low-end discounted price. The company, in a recent press conference said that CryptoWinters are a space with countless unprecedented opportunities. During early August, They also announced acquiring a ready-to-go mining facility with an enormous capacity of 86 MWs. Not just This, there are various other
examples in the crypto market where companies have radically expanded in the year 2022.
Fast-Growing Market in 2022
Applied Digital recently revealed that it obtained land in North Dakota amid the loan processing of 15 Million USD to continue expansion. One such blockchain power solutions firm, Validus Power, announced that the company is expanding its mining process in Canada building more data centers.
On 29th August, 2022, TeraWulf Inc. mining operation company, amended its existing Joint Venture agreement for the Nautilus Cryptomine bitcoin mining center. Cipher mining also accomplished the 40 MW mark powered by the wind.
Matt Schultz, Executive Chair at Cleanspark, explained that the company was prepared for the cryptowinter and the market downturns. “We prepared for a rough market, which allowed us to take advantage of unique opportunities and propel the company further,” Schultz detailed on Tuesday in a statement. “Because of that we’re growing our market share as a publicly traded bitcoin miner.”
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.