Share this article
Bitcoin Miner CleanSpark Builds 50MW Additional Mining Capacity at Georgia Site
The mining firm will increase its computing power by 25% to 34% after the U.S. site goes online.
Updated May 9, 2023, 4:06 a.m. Published Jan 19, 2023, 2:00 p.m.
Make us preferred on Google
Bitcoin miner CleanSpark (CLSK) started the construction of 50 megawatts (MW) of infrastructure, which could increase its computing power by 25% to 34%.
CleanSpark has managed to capitalize on the bear market, buying up distressed assets while its peers are facing bankruptcies and looming debt.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
In August, the miner bought a 36 MW mining site in Washington, Georgia, including 3,400 rigs installed in the site for $25.1 million, amid a splurge of other acquisitions during the summer. The Washington site had the exclusive rights to another 50 MW of power, which CleanSpark is now building out, said a Thursday press release.
Once completed, the 50MW will yield computing power between 1.6 exahash/second (EH/s) to 2.2 EH/s, depending on what mining machines are installed, which will either be Bitmain Antminer S19j Pros and Antminer S19 XPs, the press release said.
CleanSpark increased its computing power threefold in 2022, and it now has 6.5 EH/s, or about 2.4% of the computing power on the bitcoin network.
Shares of CleanSpark have fallen almost 80% from its 2022 high of $12.53 to $2.53 at Wednesday's close, which is fairly in line with the performance of its peers.
Read more: Bitcoin Miner CleanSpark Cuts 2023 Hashrate Outlook by Nearly 30%
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Stablecoins moved $35 trillion last year but only 1% of it was for 'real world' payments
While stablecoins settled around $35 trillion last year, only around 1% of that represented genuine payments like remittances and payroll, a new report found.
What to know:
- Stablecoins processed more than $35 trillion in transactions last year, but only about 1% of that reflected real-world payments, a report by McKinsey and Artemis Analytics found.
- The study estimated that roughly $390 billion in genuine stablecoin payments, such as vendor payments, payrolls, remittances and capital markets settlements.
- Despite rapid growth and increasing interest from traditional payment firms like Visa and Stripe, true stablecoin payments still account for just a tiny fraction of the more than $2 quadrillion global payments market, the report said.
Top Stories
