Originally published on: October 01, 2024
In the wake of the destructive Hurricane Helene, United States Bitcoin mining company CleanSpark is diligently working to bring back power to all its facilities. The hurricane wreaked havoc, causing flooding, power outages, and widespread damage across various US states.
CleanSpark’s hashrate plummeted from 28 exahashes per second to 10.5 EH/s when it had to shut down 365 MW at its southeast Georgia site as Hurricane Helene made landfall on Sept. 27. Despite this setback, CleanSpark has successfully restored 200 MW, boosting its current operating hash rate to 22 EH/s as noted by CEO Zach Bradford in a statement on Sept. 30.
There is optimism as CleanSpark anticipates bringing back the remaining 165 MW online by Oct. 4. The company managed to maintain a hash rate above 10.5 EH/s from its facilities in northwest Georgia, Mississippi, and Tennessee.
Although Hurricane Helene wreaked havoc in Asheville, North Carolina, causing massive devastation, CleanSpark’s mining infrastructure remained largely unscathed. Bradford reassured stakeholders that there was no significant damage and, most importantly, all team members are safe.
Hurricane Helene resulted in significant loss of lives and property across seven US states, including Florida, Alabama, Georgia, North Carolina, South Carolina, Tennessee, and Virginia. With wind speeds reaching up to 140 miles per hour, road closures and severe flooding added to the chaos. The death toll is expected to rise with several individuals still missing.
Despite the challenges brought on by Hurricane Helene, the Bitcoin network’s hash rate has fluctuated between 538 EH/s and 745 EH/s, according to data from CoinWarz. This resilience underscores the robust nature of the cryptocurrency ecosystem in the face of external crises.
As CleanSpark forges ahead with its restoration efforts, the company demonstrates resilience and dedication in navigating post-natural disaster challenges. Stay informed with our latest articles on cryptocurrency and blockchain developments by subscribing to our newsletter. Dive deeper into the world of crypto and make informed decisions for your ventures. Subscribe now to stay updated on the latest crypto laws and guidelines.
