CleanSpark's Bitcoin mining capacity reaches 8 EH/s with the commissioning of its new facility

Bitcoin miner CleanSpark has started the second phase of operations at its Washington, Georgia farm; reaching 8.0 exahashes per second (EH/s), halfway to its goal of 16 EH/s by the end of the year.

The second phase involved an investment of almost USD 55 million in the site, including construction, infrastructure and machines. The facility, acquired in August 2022 for USD 25.1 million, had 15,000 mining machines with a power capacity of 50 megawatts (MW). According to the company, the deployed capital expands its total power capacity to 86 MW.

"Today, it's 50 megawatts of new power adding to the 36 megawatts we previously had built there. So that's 86 megawatts, which is 12 times the load supplied by the city," said Matthew Schultz, CEO of CleanSpark. , during an investor conference held on July 13