CleanSpark Inc. has announced an increase of 22% in their total mined Bitcoin in the first quarter of 2021, including a total of 598 BTC mined in March of that year. This was financed through the sale of 502 BTC, equating to $12.4 million, with an average value of $24,800 per coin. With that investment they are moving forward with their Washington expansion, which is currently on schedule. This project is focused on a passively cooled data center made up of four buildings and they are expected to house 15,000 Antminer S19j Pro+ miners, with a total capacity of 86MW and sourced from low-carbon, on-grid energy.

Building 1 of this expansion is currently completed and ready to contain miners, with Building 2 being in the process of being racked. Meanwhile, the foundation for Building 3 has been poured and concrete deliveries are expected to begin for Building 4 shortly. CleanSpark's Vice President of Business Development, Scott Garrison, has expressed his pride over this project and his belief in their ability to remain on schedule throughout their build. The company plans to finance their expansion through the careful balancing of both equity and Bitcoin with the aim of maximizing the rate of return for their shareholders. In the ever-changing world of cryptocurrency, CleanSpark are striving to stay ahead of the competition and make the most of the bear market in order to capitalize on the next Bitcoin bull market.



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