Here is the latest update: CleanSpark has reached a hash rate of 30 EH/s following its acquisition of a facility in Mississippi.
Frequently Asked Questions
Here is a list of FAQs about CleanSpark reaching 30 EHs after its Mississippi acquisition
BeginnerLevel Questions
1 What exactly is a hashrate and why is 30 EHs a big deal
Answer Think of hashrate as the total computing power used to mine Bitcoin Its the speed at which your machines guess the code to earn Bitcoin 30 EHs means CleanSparks machines can make 30 quintillion guesses per second Its a big deal because it makes them one of the largest Bitcoin miners in the world
2 What does EHs stand for
Answer It stands for Exahashes per second One hash is a single guess An Exa is a billion billion So 30 EHs is a massive amount of computing speed
3 What is the name of the facility they bought in Mississippi and where is it
Answer They acquired the facility in Dalton City Mississippi Its a 60megawatt site that they plan to expand to 200 MW in the future
4 Does buying this facility mean they are mining Bitcoin in Mississippi
Answer Yes The facility is now operational and running Bitcoin miners CleanSpark bought it to add more computing power to their national network which also includes sites in Georgia Wyoming and New York
5 Why did they buy a facility in Mississippi instead of just buying more machines for their other sites
Answer Buying a facility gives them immediate access to a building with the necessary power infrastructure and cooling already in place Its often faster and more costeffective than building a new site from scratch especially when power is scarce
Advanced Technical Questions
6 What was CleanSparks hashrate before this acquisition and how much did Mississippi add
Answer Before the Mississippi deal CleanSpark was operating at roughly 291 EHs The new Mississippi facility added approximately 09 EHs to push them over the 30 EHs milestone
7 How much did they pay for the Mississippi facility
Answer The total purchase price was 558 million This included the real estate the existing infrastructure and the electrical substation