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CLEANSPARK COMMERCIAL FULL
We have a goal of pushing it further to achieve full carbon neutrality in the coming years." We are extremely proud to have CleanSpark achieve what we believe to be the only Bitcoin miner to achieve 95% carbon-free operations at scale in the United States. The CleanSpark mining operations team is led by world-renowned operators, so identifying opportunities close enough geographically to leverage the knowledge base of our team has been a priority. With capital provided by the funding completed last week, we've focused aggressively on securing additional locations, miners, and facilities to rapidly expand our Bitcoin operations.
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We're fortunate to have the available acreage to maximize the value of our unique power agreement in a region so conducive to carbon free power sources. Zach Bradford, CleanSpark's Chief Executive Officer stated, " Matthew Schultz, Lori Love and I spent this week at our Atlanta, GA facilities, working alongside our team with electrical, engineering, procurement and construction professionals to ensure our growth plans are completed on time.
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CleanSpark plans to install onsite renewable microgrids to further reduce its carbon footprint with a goal of off-setting the remaining coal sources to effectively mine Bitcoin carbon-free.ĬleanSpark currently operates Bitcoin mining rigs capable of processing approximately 315 PH/s within its Atlanta complex, and as previously announced, it intends to reach between 1.0 and 1.3 EH/s by the end of summer, 2021. As a result, the Company expects to be mining Bitcoin with more than 98% Carbon-Free power.
Within the coming quarter, it is expected that 3% of the energy, currently provided from coal will be taken off-line and replaced with carbon-free sources, such as solar. The sources of power are comprised of nuclear power, hydro-electric power, and solar, resulting in 95% of the electricity utilized for mining to qualify as carbon-free, with only 5% of the supply provided by coal. Our 'one to many' approach has continued to pay dividends for both CleanSpark as well as our energy partners.CleanSpark Announces 95% Carbon-Free Bitcoin Mining Success.ĬleanSpark 's local power supplier provided data to the Company this week on the current energy mix provided to its facilities. Our products and services are a perfect complement to Solar Watt's existing offerings to bring their customers the benefits of intelligently controlled storage and other microgrid services. Solar Watt is helping residential and small commercial businesses save on their energy costs via solar and storage solutions as well as providing resiliency solutions.
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“Their controls software and energy storage relationships have helped save our customers money and make them less reliant on the utility companies, especially in these uncertain times."ĬleanSpark CEO Zachary Bradford added: "This is another success for CleanSpark's strategy of engaging with large regional partners.
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"The addition of CleanSpark's software and engineering resources has allowed us to meet the increased demand in the market for solar plus storage solutions,” said David Watt, president of Solar Watt Solutions, in a statement. The facility owner anticipates, that with CleanSpark's solution, they can secure a three-year payback on the fully installed system. READ: CleanSpark to design microgrid for California homeowner plagued by frequent power outagesīased on prior results and the recent mVSO evaluation, the medical facility is expected to save around 90% on the monthly energy costs. CleanSpark's patented mPulse controller will optimize the solar plus storage resources to provide the customer with significant cost savings. The energy storage project was successfully installed and deployed by Solar Watt Solutions including CleanSpark's patented controls on-site for resiliency.Īn additional contract was signed for a medical facility in Orange County that will feature 100 kilowatt (kw) rooftop and carport solar with 30kw/70kw battery. Previously, CleanSpark announced it had executed a contract for a new Southern California microgrid. CleanSpark Inc ( NASDAQ:CLSK) announced Tuesday a new solar-plus-storage microgrid with EPC (Engineering, Procurement, and Construction) partner, Solar Watt Solutions.
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