{"id":137153,"date":"2024-09-13T11:00:35","date_gmt":"2024-09-13T08:00:35","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137153"},"modified":"2024-09-12T13:58:56","modified_gmt":"2024-09-12T10:58:56","slug":"cleanspark-expands-with-seven-new-mining-facilities","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/cleanspark-expands-with-seven-new-mining-facilities\/","title":{"rendered":"CleanSpark Expands with Seven New Mining Facilities"},"content":{"rendered":"<p>This <strong><a href=\"https:\/\/www.prnewswire.com\/news-releases\/cleanspark-to-add-5-ehs-and-increase-2024-guidance-with-acquisition-of-seven-additional-bitcoin-mining-facilities-in-tennessee-302244673.html\" target=\"_blank\" rel=\"nofollow\">move<\/a><\/strong>, which involves a total investment of $27.5 million, comes as the company plans to shut down and upgrade these sites by the end of the month.<\/p>\n<p>The upgrades will include the implementation of S21 pro miners, which are expected to boost the company\u2019s hashrate by over 22%, potentially reaching 37 EH\/s by the end of 2024.<\/p>\n<p>East Tennessee has become a hub for <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong> mining due to its affordable land, favorable regulations, and substantial hydroelectric power infrastructure provided by the Tennessee Valley Authority. CleanSpark\u2019s decision to invest in this area aligns with its commitment to low-carbon mining practices.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/charles-hoskinson-denies-claims-of-ada-staking-restrictions\/\" title=\"Charles Hoskinson Denies Claims of ADA Staking Restrictions\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/04\/cardano-17-luchec-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Charles Hoskinson Denies Claims of ADA Staking Restrictions<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>However, CleanSpark faces challenges in the current mining environment. Bitcoin\u2019s mining difficulty has reached record highs, which, coupled with recent price declines, may impact profitability.<\/p>\n<p>This situation, compounded by CleanSpark\u2019s declining stock valuation and the broader economic downturn, poses significant hurdles for the company as it expands its operations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CleanSpark has recently acquired seven established Bitcoin mining facilities in East Tennessee, aiming to consolidate its operations in the region.<\/p>\n","protected":false},"author":3,"featured_media":50551,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27,22],"tags":[],"class_list":["post-137153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with 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