Bitcoin miner CleanSpark has restored 200 megawatts (MW) of its operations in the wake of Hurricane Helene, which recently caused widespread devastation across the southeastern United States. The Category 4 hurricane resulted in significant loss of life and power outages affecting millions.
Prior to the storm, CleanSpark proactively shut down 365MW at its southeast Georgia sites. In a recent update, the company announced that it had successfully brought approximately 200MW back online and anticipates restoring the remaining 165MW by Friday, October 4.
“Most importantly, all our team members are safe,” CleanSpark stated. The company’s geographically diverse portfolio ensured that it maintained around 10.5 EH/s (exahashes per second) at its facilities in Northwest Georgia, Mississippi, and Tennessee during the storm.
After evaluating its other sites, CleanSpark reported no material damage to infrastructure or losses related to mining servers. The company was able to ramp up its hashrate to over 17.5 EH/s within 24 hours of restoration efforts.
With its current hashrate at approximately 22 EH/s, CleanSpark expects to reach standard operations of about 28 EH/s once all sites are fully reenergized. The firm also expressed condolences to affected communities, stating, “Our thoughts are with every person whose life has been altered by this hurricane.”
In recent months, CleanSpark has acquired several small mining sites across five states, aiming for a hashrate target of 37 EH/s by the end of 2024 and 50 EH/s by 2025. CEO Zach Bradford anticipates that bitcoin could reach nearly $200,000 within the next 18 months.
