Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin miner CleanSpark restores 200MW in the wake of Hurricane Helene

Bitcoin miner CleanSpark restores 200MW in the wake of Hurricane Helene

The BlockThe Block2024/09/30 21:42
By:Jason Shubnell

CleanSpark shuts down 365 MW at Georgia sites, begins phased restoration after Hurrican Helene.CleanSpark restores 200 MW at Georgia sites, expects full restoration by Oct. 4.CleanSpark expects bitcoin hashrate to reach 28 EH/s once fully operational.

Hurricane Helene wreaked havoc over the weekend, as the Category 4 hurricane brought high winds and torrential rain across the southeastern United States. At least 128 people have died, and more than 2 million are without power, according to CNN .

To prepare for Helene, bitcoin miner CleanSpark said it shut down 365 megawatts of its southeast Georgia sites last week. In a release Monday, the firm its brought approximately 200 MW back online and expects the remaining 165 MW to be restored by Friday, Oct. 4.

"Most importantly, all our team members are safe. Additionally, our geographically diverse portfolio of sites allowed us to maintain approximately 10.5 EH/s [exahashes per second] at our sites in Northwest GeorgiaMississippi, and Tennessee throughout the storm," the company said. CleanSpark said it evaluated all of its other sites and experienced no material damage to any site infrastructure, nor is it aware of any material losses related to mining servers.

The company said it was able to bring its hashrate back to over 17.5 EH/s within 24 hours of restoration. Its hashrate is currently at approximately 22 EH/s and when its sites are fully reenergized, it expects to reach standard operations at approximately 28 EH/s.

"[W] extend our deepest condolences to the communities, families, and individuals who have suffered loss, damage, and disruption due to this catastrophic event," CleanSpark said in the release. "We recognize the immense challenges faced by those in regions where the storm has left countless without power, water, and other basic necessities. The loss of life, including first responders who bravely served during this crisis, underscores the severity of Helene's impact. Our thoughts are with every person whose life has been altered by this hurricane."

CleanSpark has bought up several small mining sites across five states in recent months . It has set a target of 37 EH/s by the end of 2024 and 50 EH/s in 2025.

In a recent interview with Bernstein , CleanSpark CEO Zach Bradford said he expects bitcoin to reach a peak of just under $200,000 sometime in the next 18 months.


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like