Cleanspark Reveals Texas Expansion – Bitcoin Miner Plans to Add 500 MW of Mining Power

Cleanspark Reveals Texas Expansion – Cleanspark, a bitcoin miner, has stated that it will expand its operations in Texas by using renewable energy up to 500 megawatts (MW). Lancium, based in Houston, has committed to sell the firm 200 megawatts of renewable energy, with an option to buy additional 300 megawatts in the future.

- Advertisement -

On Thursday, Cleanspark, a Nevada-based bitcoin mining company, announced plans to add up 500 MW of renewable power to its operations after collaborating with the Texas energy firm Lancium. 

According to the announcement, Cleanspark would get an initial 200 MW from Lancium’s data centers in West Texas, with the option to purchase an additional 300 MW from Lancium in the future.

Also Read: Leading NFT Marketplace Opensea to Add Solana Support in April

Cleanspark predicts that 50 megawatts of bitcoin mining will be operational by the end of the year, with the remaining 150 megawatts coming online in spring 2023.

Cleanspark will add an estimated 16.0 EH/s to its current predicted hashrate of 4.0 EH/s after fully utilizing this capacity with the newest generation of bitcoin mining rigs, according to the company’s announcement.

- Advertisement -

“Our Clean Campuses provide a unique solution which will supply both green and low-cost power for clients that seem to be interruptible and demand vast volumes of power,” Michael McNamara said in a statement.

“We believe that combining the scale of our renewable-energy-powered Clean Campuses with Lancium Smart Response technology provides further benefits in terms of power grid stability and renewable energy development.”

Due to social, environmental, and governance needs, concerns about bitcoin’s environmental impact have risen considerably in the last year.

Also Read: UAE-Based Crypto Exchange Bitoasis Obtains Provisional Approval From Dubai’s New Regulator

Recently, bureaucrats, corporations, and people have made much of bitcoin’s social, environmental, social, and governance friendliness. For example, the White House and the Office of Science and Technology Policy are currently collecting public opinion on ESG and environmental risks related to crypto assets.

As of February 28, Cleanspark claimed to have 22,000 bitcoin mining rigs devoted to SHA256 hashrate. A total of 20,000 Bitmain S19 devices will be delivered by the company.

- Advertisement -


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More From Evoclique