CleanSpark, Inc. Receives Cryptocurrency Mining Power Engineering Design Contract
January 11, 2018 at 01:00 pm
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CleanSpark, Inc. announced that it has been officially contracted to design a turn-key, fully engineered 'off-grid' solution for a cryptocurrency mining operator. The contracted project will serve to provide specifications, optimization, and permit ready design for a modular DC-Centric microgrid. Power is anticipated to be generated by, stored within, and fed to an optimized DC driven load bus. The CleanSpark design will be optimized to feed both DC and AC loads and ensure maximum efficiency from solar generation technology paired with energy storage. By utilizing a DC-Centric design, the efficiency and temperature control of the system can easily be maximized. Energy is the single largest operational expense for cryptocurrency mining operations. Through increasing efficiency and leveraging on-site power generation with energy storage, energy expenses can be dramatically reduced. The containerized solution, along with CleanSpark's mPulse controller will allow a wide-variety of applications, from Bitcoin and Cryptocurrency mining, to a fully 'off-grid' agricultural grow facility power source, to a power demand management solution as the end use-case drivers suggest. It is also designed for quick deployment, and removal, as required. Finally, the configuration and automation of the system allow for virtually unmanned
operation.
CleanSpark, Inc. is a bitcoin mining company. The Company independently owns and operates about 10 data centers in Georgia and three data centers in Mississippi for a total developed capacity of more than 420 megawatts (MW) and 435 MW. The Company does not host miners for any other companies, and has a partner in Massena, New York, who hosts approximately 50 MW for the Company. The Company operates around bitcoin mining machines, with a hash rate capacity of more than 20 Exa hashes per second (EH/s) and a fleetwide efficiency of 28.4 joules per tera hash (J/TH). The Company's subsidiaries include ATL Data Centers LLC, CleanBlok, Inc., CleanSpark DW, LLC, CleanSpark GLP, LLC, CSRE Properties Norcross, LLC, CSRE Property Management Company, LLC, CSRE Properties, LLC, CSRE Properties Washington, LLC, CSRE Properties Dalton, LLC, and CleanSpark HQ, LLC, among others.