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Seeking Alpha 2021-07-14 10:47:54

CleanSpark announces contract with ESG-focused Crypto-Miner, Coinmint

da-kuk/E+ via Getty Images CleanSpark (CLSK) inks an agreement with a Coinmint, under which it expects to deploy ~25 MW of its Bitmain S19 Pro miners at a location operated by Coinmint. Coinmint runs the most significant private digital currency data center in the world. CLSK plans to deploy ~750 PH/s in hashrate capacity at Coinmint's facility in Massena, New York, between July and Sept. 2021. Coinmint has agreed to provide 25 MW of power to support this hash rate, provide operations support, and commit to 98% uptime. In addition, the Companies intend to collaborate on the expansion of their green energy initiatives to reach 100% renewable power. "Risk-reward with investing in CLSK is asymmetric with a 15% upside and a free claim on their microgrid business and liquidation of mining equipment," writes Moat Investing in a recent bullish article.

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