Bitcoin miner Cleanspark has revealed that the company is expanding its operations in Texas with up to 500 megawatts (MW) of renewable energy. The company has signed a deal with Houston-based Lancium to initially secure 200 MW of Lancium’s renewable energy and has the option to acquire 300 MW more in the future.
Cleanspark Unveils Plans to Expand into the Lone Star State, Firm Partners with Texas Energy Firm Lancium
On Thursday, Nevada-based Cleanspark unveiled plans to add up to 500MW of renewable energy to fuel its bitcoin mining operations after partnering with Texas energy company Lancium. The details of the announcement state that Cleanspark will acquire an initial 200 MW from Lancium’s West Texas data centers and in the future, Cleanspark has the option to acquire 300 MW more from Lancium.
Cleanspark expects 50 MW of bitcoin mining to be operational by the end of the year and expects the remaining 150 MW to come online by spring 2023. “Having fully exploited this capacity with the latest generation of bitcoin mining machines, Cleanspark will add an estimated 16.0 EH/s to its current predicted hashrate of 4.0 EH/s – elevating its position as one of the best Bitcoin miners in North America will be bolstered,” the company’s announcement reveals.
“Our clean campuses offer a unique solution that provides both green and low-cost power to customers who are interruptible and consuming large amounts of power,” said Michael McNamara, Lancium’s CEO and co-founder in a statement. “In addition to the benefits for customers such as Cleanspark, we believe that the size of our renewable energy-powered Clean Campuses, combined with Lancium Smart Response technology, provides additional benefits in terms of improved grid stability and further development of renewable energy.”
In the past year, concerns about the environmental, social and governance (ESG) criteria regarding bitcoin’s environmental impact have increased significantly. In recent times, bureaucrats, corporate entities and individuals have made a big deal about bitcoin being ESG friendly. For example, the White House and the Office of Science and Technology Policy are currently soliciting comment from the public regarding ESG issues and environmental concerns related to crypto assets.
Cleanspark notes that as of Feb. 28, the operation has 22,000 bitcoin mining rigs dedicating SHA256 hashrate to the network. In addition, the company has 20,000 more Bitmain S19 devices pending delivery.
Tags in this story
200 MW, 300 MW, 500 MW, Bitcoin mining, bitcoin mining machines, Bitmain S19s, BTC Mining, Clean Campuses, Cleanspark, Cleanspark Mining, Data centers, environment, esg, ESG concerns, Lancium, Lancium Smart Response technology, Megawatts , Mining , Renewable Energy, Renewable Energy, Texas, West Texas
What do you think of Cleanspark’s collaboration with energy company Lancium? Let us know what you think about this topic in the comments section below.
Jamie Redman is the news leader at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on the content, goods or services mentioned in this article.