Inside Cleanspark’s Move to Optimize Efficiency with 3,800 Immersion-Cooled Canaan Bitcoin Miners
Cleanspark Inc., a leading bitcoin mining and energy technology firm, has entered into a new agreement with Canaan Inc. to acquire 3,800 Avalon A1566I miners. The miners, capable of running at an impressive 249 terahash per second (TH/s) without overclocking, are specifically designed for immersion cooling. This innovative technique involves submerging the mining hardware in liquid to enhance performance. The delivery of the miners is expected to take place in the fourth quarter of 2024.
Cleanspark’s focus on energy efficiency in its mining operations aligns perfectly with Canaan’s immersion cooling approach. By using this method, Cleanspark aims to enhance not only the hardware longevity but also the mining outputs of its fleet. Immersion cooling has proven to be an effective solution for offsetting the heat-related issues often encountered in high-power mining setups, making it an ideal choice for Cleanspark.
This partnership reflects Canaan’s commitment to establishing a strong presence in North America, where Cleanspark manages its mining facilities. By collaborating with regional companies like Cleanspark, Canaan aims to deepen its relationships and support the operational expansion of its partners. This collaboration also emphasizes both companies’ dedication to sustainable mining practices through technological innovation.
As part of this acquisition, Cleanspark’s Avalon miner purchase will generate an impressive 946 petahash per second (PH/s) of SHA256 hashpower. Canaan’s chairman and CEO, Nangeng Zhang, expressed his excitement about the collaboration and stated their unwavering commitment to supporting the North American mining community.
With this move, Cleanspark is taking a significant step towards optimizing efficiency in its mining operations through the implementation of immersion cooling technology. By embracing innovative solutions like immersion cooling, Cleanspark aims to maintain an efficient and strategically located mining fleet while minimizing its environmental impact.