- CleanSpark swiftly restored power and operations, achieving a hashrate of 28.7 EH/s after Hurricane Helene’s impact.
- Despite the storm’s challenges, CleanSpark’s diversified facilities helped maintain stability and recover quickly.
- With daily Bitcoin mining revenue at $30.59 million, CleanSpark is positioned to capitalize on market opportunities ahead.
CleanSpark, a Bitcoin mining firm, has resumed normal operations after shutting down 365 MW of power at its Southeast Georgia mine following Hurricane Helene. On the day of the storm, CleanSpark’s hashrate dropped to 28.7 EH/s, but has since recovered.
Restoration of Power and Hashrate Recovery
The storm created substantial damage in the area, first reducing CleanSpark’s hashrate to 10.5 EH/s. However, the company worked together with local utilities to restore 200 MW of electricity within 24 hours. This increased the hashrate to 22 EH/s.
Bradford, the CEO, has commended the resilience and teamwork of the company’s staff during the recovery. He also confirmed that the company’s infrastructure is still intact, with no damage detected.
Bitcoin Miner Revenue and CleanSpark’s Position
This recovery comes at a critical time for Bitcoin miners. According to YCharts, daily Bitcoin mining revenue has fluctuated recently, affecting miners’ profitability. As of October 6, Bitcoin miners generated daily revenues of $30.59 million, reflecting a 1.70% increase from the previous day but a slight 1.36% decrease from the same period last year.
CleanSpark’s rapid recovery will enable it to continue capitalizing on Bitcoin mining revenue, which currently stands at approximately $27 million per day. With operations back to normal, the company is poised to benefit from this steady income stream.
Read CRYPTONEWSLAND on
google news
Geographical Diversity Aids Stability
Despite the challenges posed by Hurricane Helene, CleanSpark’s geographically diverse mining sites, located in Mississippi, Tennessee, and Northwest Georgia, continued to operate. This helped stabilize the company’s output and allowed them to respond swiftly to local disruptions.
The company’s preparedness and diversified operations showcase its ability to navigate future disruptions and continue leading as a top Bitcoin miner in the U.S.
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
