In a statement, Coinmint CFO Michael Maloney said: "Space and power for mining is in high demand, but we choose our partners carefully, we selected CleanSpark as a partner due to their alignment on ESG and sustainable mining practices. Additionally, CleanSpark and Coinmint intend to collaborate on further expansion of their green energy initiatives, with a goal of reaching 100% renewable power. Coinmint is focused on all aspects of ESG in addition to operating a site powered primarily by renewable energy and focuses on providing jobs within its community. The power is primarily derived from hydroelectric power, and, including all sources, achieves an energy mix that is 94% carbon-free.
READ: CleanSpark updates performance of newly commissioned Southern California microgridĬoinmint operates the largest private digital currency data center in the world. To support this hashrate, Coinmint has agreed to provide 25 MW of power, provide operations support and commit to 98% uptime.ĬleanSpark expects the agreement to “rapidly increase” its overall hashrate across all bitcoin mining locations to 1.2 EH/s upon installation and believes that it will allow it to maximize its bitcoin production, while maintaining all aspects of its environmental, social, and corporate governance (ESG) mining philosophy. The Salt Lake City, Nevada-based company said it plans to deploy around 750 PH/s in hashrate capacity at Coinmint's facility in Massena, New York between July and September this year.
#Cleanspark target price pro#
CleanSpark Inc ( NASDAQ:CLSK), a diversified software, services and bitcoin mining company, said it has struck an agreement with new partner Coinmint to potentially deploy nearly 25 megawatts (MW) of its highly efficient Bitmain S19 Pro miners at a location operated by Coinmint.
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