CleanSpark Inc. released its unaudited Bitcoin mining and operations update for October 2024, reporting 655 Bitcoin mined, a 32% increase from the prior month. The company's average hashrate was 29.63 EH/s, with an average fleet efficiency of 20.89 J/Th, resulting in an average of 21.14 Bitcoin mined daily.
The acquisition of GRIID Infrastructure Inc. was finalized on October 30, 2024, adding a pipeline powered by the Tennessee Valley Authority (TVA) that CleanSpark expects to expand to over 400 MW in Tennessee. In early October, the company completed the purchase of its two remaining Bitcoin mining facilities in Knoxville, Tennessee, bringing all seven sites with a combined 85 MW and approximately 5 EH/s online.
Construction of two immersion-cooled data centers totaling 75 MW is underway in Cheyenne, Wyoming, with significant electrical installation progress expected by the end of November 2024, projected to add 5 EH/s. Additionally, two turnkey Bitcoin mining sites near Clinton, Mississippi, are nearing completion and are expected to begin operations in early December 2024, adding approximately 1 EH/s.
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