CleanSpark increases bitcoin mining power
Bitcoin mining is a profitable type of cryptocurrency investment. CleanSpark, a US company specializing in bitcoin mining, has announced an investment of $145 million in 45,000 ASICs to increase its mining capacity.
What are ASICs and why are they important for mining?
- ASIC (Application-Specific Integrated Circuit) – is a specialized chip that is designed to perform specific tasks. In the case of bitcoin mining, an ASIC is used to calculate hashes quickly and efficiently. This makes an ASIC much faster and more energy efficient than a CPU or GPU.
Investing in bitcoin mining – why is it profitable?
Investing in bitcoin mining can be very profitable for companies that have enough financial resources to buy the necessary equipment. Provided that bitcoin stays at its current price, CleanSpark could see a significant return on its investment.
How does CleanSpark plan to increase its mining revenue?
According to the company, the investment in 45,000 ASICs will allow CleanSpark to increase its bitcoin mining capacity by 1.2 ExaHash per second (EH/s), a significant increase from its current capacity of 0.2 EH/s. This will allow the company to increase the number of bitcoins it mines and generate more profit.
In addition, CleanSpark plans to expand its mining network by installing new mining farms in the US and abroad. This will allow the company to increase its mining capacity and reduce electricity and other operating costs.
By investing $145 million in 45,000 ASICs, CleanSpark is increasing its bitcoin mining capacity by 1.2 EH/s, which will allow the company to increase the number of bitcoins it mines and generate more revenue. In addition, the expansion of the mining network will allow CleanSpark to reduce electricity and other operating costs.