On October 25th, Bitcoin mining operation Cleanspark announced that its hashrate exceeded 5 exahashes per second (EH/s). Cleanspark now says he is aiming to exceed 5.5 EH/s by the end of the year by increasing the hashrate target for miners by 10%.
Cleanspark aims to reach 5.5 EH/s by end of 2022 after raising target by 10%
Clean Spark (Nasdaq: CLSK) announced Tuesday that it has surpassed its year-end target of maintaining 5,000 petahashes per second (PH/s) for bitcoin miners. This corresponds to 5 EH/s. The company intends to hit its 5 EH/s target by the end of 2022, and is currently planning to add another 10% hashrate to its year-end guidance.The news is that the company acquisition Mawson Infrastructure Group’s Georgia-based Bitcoin mining facility, data center with 6,500 mining rigs.
Additionally, a crypto analytics and on-chain market intelligence company glass node Glassnode said:
Bitcoin hash price has hit an all-time low of $66,500 per Exahash.This means [bitcoin] Miners are earning the smallest rewards compared to hashpower applied historically, potentially exposing the industry to extreme income stress.
Cleanspark CEO Zach Bradford detailed on Tuesday how his company has managed to succeed. Crypto Winter Trends It wreaked havoc on participants in the Bitcoin mining industry. “Hashrate growth over the past few months has been fueled by acquisitions of facilities in Washington and Sandersville, but that is only part of the story,” Bradford said in a statement Tuesday.
“This milestone reflects operational capabilities and efficiency gains that are unmatched in our industry.At a time when the sector is experiencing a positive reversal of expectations, we are bucking the trend. We will continue to do so,” added a Cleanspark executive.
on the other hand, Bitcoin (BTC) Stocks related to publicly traded mining companies like CLSK bucked the trend above the $20,000 area again on Tuesday afternoon, rising against the US dollar. The 30-day stats show CLSK is up 10.54% from last month, while the 6-month indicators show CLSK is down 50.85% against the dollar.
stocks of various other mining companies such as Mara, Riot, DMGGFMore, ARBKFWhen colts We saw all the 24-hour percentage increases against the US dollar thanks to Bitcoinrise on Tuesday. Bitcoin’s total hashrate on Tuesday, Oct. 25, was below the network’s Recent 3.44% difficulty increase Two days ago.
What do you think about Cleanspark reaching 5 EH/s and raising its year-end target by another 10%? Let us know what you think about this in the comments section below.
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