Hurricane Helene wreaked havoc over the weekend as the Category 4 hurricane brought strong winds and heavy rain across the southeastern United States. According to CNN, at least 128 people were killed and more than 2 million people were without power.
To prepare for Helen, Bitcoin mining company CleanSpark said it had shut down 365 megawatts of its network.outskirts of georgia Last week’s site. In Monday’s announcement, the company said it had brought about 200 MW back online and expected the remaining 165 MW to be restored by Friday, October 4.
“The most important thing is that all team members are safe. Additionally, our geographically diverse site portfolio has allowed us to maintain approximately 10.5 EH/s (exahashes per second) across our sites. northwest georgia, Mississippiand Tennessee CleanSpark said that after evaluating all other sites, there was no significant damage to the site’s infrastructure and that it was not aware of any significant losses related to mining servers.
The company said it was able to get hashrate back to over 17.5EH/s within 24 hours of restoration. The hashrate is currently around 22EH/s and is expected to reach standard operations of around 28EH/s once the site is fully live again.
“(W)e extend our deepest condolences to the communities, families and individuals who have suffered loss, damage and disruption as a result of this catastrophic event,” CleanSpark said in a press release. “We know the enormous challenges faced by people in countless areas without power, water and other basic necessities as a result of the storm. The loss of life, including first responders who bravely served during this crisis, demonstrates the severity of Helene’s impact. “Our thoughts are with everyone whose lives have been changed by this hurricane.”
CleanSpark has purchased several small mining sites across five states in recent months. The goal is 37EH/s by the end of 2024 and 50EH/s by 2025.
In a recent interview with Bernstein, CleanSpark CEO Zach Bradford said he expects Bitcoin to reach just below $200,000 sometime in the next 18 months.
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