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Home » Crypto Market News » CleanSpark Resumes Bitcoin Mining Operations Post-Hurricane Helene

CleanSpark Resumes Bitcoin Mining Operations Post-Hurricane Helene

  • October 1, 2024
  • 99

CleanSpark, a prominent U.S. Bitcoin mining firm, is actively working to restore operations at its facilities following the devastation caused by Hurricane Helene. The hurricane, which struck on September 27, led to significant flooding, power outages, and destruction across several states. During this challenging period, CleanSpark was compelled to temporarily shut down operations, resulting in a sharp decline in its hashrate from 28 exahashes per second (EH/s) to just 10.5 EH/s.

Since then, CleanSpark has successfully brought 200 megawatts (MW) back online, boosting its operational hashrate to 22 EH/s. The company anticipates that the remaining 165 MW will be restored by October 4 at the latest. CleanSpark’s management has expressed confidence in their team’s preparedness to resume normal operations as soon as power is available. Despite the challenges posed by the hurricane, the company reported that its remaining facilities in Georgia, Mississippi, and Tennessee managed to maintain operations, keeping the hashrate above the critical 10.5 EH/s level.

Fortunately, CleanSpark’s mining infrastructure has not sustained any significant damage as a result of the hurricane, which was classified as a category 4 storm on the Saffir-Simpson wind scale. The company has been closely monitoring its assets and has confirmed that there have been no material losses related to its mining servers. The safety of all personnel involved is a top priority, and the company has emphasized that all team members are secure.

The impact of Hurricane Helene is severe, with at least 137 reported fatalities and significant property damage across seven states, including Florida, Alabama, and Virginia. The storm produced winds of up to 140 miles per hour, resulting in extensive flooding and road closures. As rescue efforts continue, the casualty figures may rise, with hundreds still unaccounted for. Meanwhile, Bitcoin ’s hashrate has seen fluctuations between 538 EH/s and 745 EH/s in the days following the hurricane’s landfall.

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