Over the last few weeks, Elon Musk said Tesla could start to accept Bitcoin as payment again, if at least half of it can be mined using clean energy.  “When there’s confirmation of reasonable (~50%) clean energy usage by miners with a positive future trend, Tesla will resume allowing Bitcoin transactions,” he tweeted. Other than Musk, it’s also a concern for others, as well. Helping, the Crypto Climate Accord (CCA) was created to help eliminate carbon emissions from the industry by 2030, as noted by Business Insider. “By 2040, it wants the crypto industry to reach ‘net zero’ emissions — or carbon neutral. This means that greenhouse gases still going into the atmosphere will be balanced out with technology that removes those gases as well.” Some of the top miners that could benefit from such news include CleanSpark Inc. (NASADQ:CLSK), with its ESG-based mining philosophy, Marathon Digital Holdings Inc. (NASDAQ:MARA), Riot Blockchain Inc. (NASDAQ:RIOT), MicroStrategy Inc. (NASDAQ:MSTR), and Bit Digital Inc. (NASDAQ:BTBT).

Look at CleanSpark, Inc. (NASDAQ:CLSK), for example

CleanSpark just announced a diversified software, services and Bitcoin mining company, today announced that it has entered into an agreement with a new partner, Coinmint, pursuant to which it expects to deploy nearly 25 MW of its highly efficient Bitmain S19 Pro miners at a location operated by Coinmint.

CleanSpark plans to deploy approximately 750 PH/s in hashrate capacity at Coinmint’s facility in Massena, New York between July and September 2021. To support this hashrate, Coinmint has agreed to provide 25 MW of power, provide operations support and commit to 98% uptime. The Company expects this 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 CleanSpark to maximize its Bitcoin production while maintaining all aspects of the Company’s ESG-based mining philosophy.

Coinmint operates the largest private digital currency data center in the world. The power is primarily derived from hydroelectric power, and, including all sources, achieves an energy mix that is 94% carbon-free. Coinmint is focused on all aspects of environmental, social and corporate governance; in addition to operating a site powered primarily by renewable energy, Coinmint focuses on sustainability and providing jobs within their community. Additionally, CleanSpark and Coinmint intend to collaborate on further expansion of their green energy initiatives, with a goal of reaching 100% renewable power.

Coinmint CFO Michael Maloney stated, “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. Coinmint is uniquely positioned in the market to offer sizable amounts of energy and superior operational excellent to cryptocurrency miners focused on green energy. We also are looking into to transforming the remaining 6% of non-renewable energy with onsite renewables and we believe CleanSpark is the right partner to help us achieve this goal. Coinmint looks forward to working with their energy professionals and proprietary energy solutions to expand our renewable energy infrastructure.”

CleanSpark President and CEO Zach Bradford added, “This is a very exciting opportunity for CleanSpark. We are pleased to align ourselves with a company that has a similar ESG approach and a strong history of performance as a mining service provider. We anticipate that this agreement will enable us to expedite the time to reach 1.2 EH/s. All of our recent shipments of mining rigs have arrived as agreed under our purchase agreements. Over the course of the next three months, we plan to redirect our shipments to the Coinmint facilities to maximize the contracted 25 MW of clean power. Once we have reached full allocated capacity under the Coinmint agreement, we will then direct shipments of the new units to our Atlanta facilities.”

Mr. Bradford further commented, “The 30MW energy expansion of our wholly-owned facilities is progressing and will be finalized in the coming months to bring our Atlanta facilities to 50MW of total capacity. We intend to deploy miners to utilize the total available capacity in Atlanta with the units scheduled to arrive between September 2021 and January 2022. Upon installation, CleanSpark’s total deployed hashrate is expected to exceed to 2.1 EH/s. Due to the rapid exodus of Chinese miners, an industry-wide shift has taken place, and we believe that this is the perfect time to align with a partner to secure additional capacity to create flexibility and sustainability in our overall operations. This partnership is expected to provide us additional flexibility over time with a like-minded partner to continue the growth of our mining operations. We anticipate that this flexibility will allow us to continue to deploy capital on new facilities and power expansion. The CleanSpark energy team is excited by the opportunity to support Coinmint in achieving their goal of 100% carbon-free operations, an objective shared across all of our business units.”

Since the acquisition of ATL Data Centers, CleanSpark has exceeded 470 PH/s in hashrate capacity, mined more than 410 Bitcoins, and is currently mining an average of more than four (4) Bitcoins per day. For more information about CleanSpark’s Bitcoin operation, visit https://www.cleanblok.com/.

Other related developments from around the markets include:

Marathon Digital Holdings Inc., one of the largest enterprise Bitcoin self-mining companies in North America, published unaudited bitcoin production and miner installation updates for June 2021. The company produced 265.6 new minted bitcoins during June 2021, increasing total bitcoin holdings to approximately 5,784 with a fair market value of approximately $201.6 million. Received approximately 18,702 S-19 Pro ASIC miners from Bitmain year to date with an additional 1,056 S-19 Pro ASIC miners currently in transit. Increased active mining fleet to approximately 19,395 miners, generating approximately 2.09 EH/s.

Riot Blockchain Inc., one of the leading Nasdaq-listed Bitcoin mining companies in the United States, announces its June production and operations updates, including its unaudited Bitcoin production for June 2021 and its miner deployment status. In June 2021, Riot produced 243 BTC, an increase of approximately 406% over its June 2020 production of 48 BTC. Year to date through June 2021, the Company produced a total of 1,167 BTC, an increase of approximately 130% over its pre-halving BTC production during the same 2020 period of 508 BTC. As of June 30, 2021, Riot held approximately 2,243 BTC.

MicroStrategy Inc., the largest independent publicly-traded business intelligence company, announced that it had purchased an additional approximately 13,005 bitcoins for approximately $489 million in cash at an average price of approximately $37,617 per bitcoin, inclusive of fees and expenses.  As of June 21, 2021, MicroStrategy holds an aggregate of approximately 105,085 bitcoins, which were acquired at an aggregate purchase price of approximately $2.741 billion and an average purchase price of approximately $26,080 per bitcoin, inclusive of fees and expenses.

Bit Digital Inc., one of the largest publicly-listed Bitcoin miners globally, announced it has signed the Crypto Climate Accord. The Crypto Climate Accord (CCA) is a private sector-led initiative to decarbonize the crypto and blockchain sector. The CCA brings together organizations that inform, develop, test, and implement new solutions that accelerate crypto’s transition to renewable energy. The Accord provides an open space to address challenges, gather requirements, showcase solutions, share learnings, and promote best industry practices.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for CleanSpark, Inc. by CleanSpark, Inc. We own ZERO shares of CleanSpark, Inc. Please click here for full disclaimer.

Contact Information:
2818047972
[email protected]

Source link