Bitcoin Mining Company Cleanspark to Kick-Start 20 MW Immersion Cooling Initiative

cleanspark

Cleanspark, a sustainability-focused bitcoin mining company, has announced it will kick-start a 20 MW initiative in its Norcross bitcoin mining facility where miners will be cooled via immersion. The company will host more than 5,900 miners in this facility, which will be submerged into tanks of a biodegradable liquid. Cleanspark states this will help them save energy and increase the hashrate obtained from the miners.

Cleanspark to Use Immersion Cooling for New Facility

Cleanspark, a sustainability-focused bitcoin mining company, announced it will start shifting to the use of alternative, more efficient methods of cooling its miners. The company revealed the establishment of a 20 MW immersion cooling initiative in its already established Norcross bitcoin mining facility, being one of the first mining companies to implement such technology on a large scale.

The company will organize almost 6,000 miners that will be submerged in 180 tanks of liquid distributed across the whole mining facility. Cleanspark will not have to retrofit anything to install the tanks required for this, an advantage that immersion cooling presents. Each tank will hold 33 Antminer S19j Pro miners.

This move will allow the company to get better performance from the miners and at the same time save energy, reducing power consumption by 20%, according to a PR statement.

Immersion Cooling Picking Up Steam

While liquid cooling is not new in the mining industry, with some small miners managing to build their own immersion mining systems, it is just recently starting to make sense to implement this solution in mining operations working on a bigger scale. This has to do with the benefits these companies can now obtain by implementing this new technology in already existent data centers.

Cleanspark CEO Zach Bradford stated:

We are constantly seeking ways to make our operations more sustainable and productive while achieving maximum performance. Deploying an environment-friendly cooling technology that also increases the economics of our bitcoin mining operations was an obvious choice for us.

The company acquired the Norfolk data center in August, hoping for this initiative to be built before the end of the year. This is not the only project that big mining companies have announced using immersion cooling recently, either. Riot Blockchain, a Nasdaq-listed mining company, recently announced that it would cool half of the capacity of its new facility in Texas with immersion cooling, with 46K miners involved in that operation.

What do you think about Cleanspark’s move to leverage immersion cooling? Tell us in the comments section below.

Foundry Launches Bitcoin Mining Machine Marketplace, US Pool Becomes the World’s Largest Miner

Foundry Launches Bitcoin Mining Machine Marketplace, US Pool Becomes the World's Largest Miner

The firm Foundry Digital announced on Wednesday that the business has launched a bitcoin mining rig marketplace called Foundryx. According to Foundry, the company has access to more than 40,000 mining machines that are ready for resale. In addition to the marketplace launch, the company’s mining operation, Foundry USA, has become the world’s largest bitcoin miner in terms of hashrate.

Mining Pool Foundry USA Becomes Top Bitcoin Miner, Firm Reveals New Mining Machine Marketplace With Access to 40,000 ASICs

At the end of August 2020, Digital Currency Group (DCG) revealed that it pledged $100 million to a cryptocurrency mining firm called Foundry. The company was quietly founded in 2019 and ever since the firm’s inception, it has made significant headway in the bitcoin mining industry.

Foundry Launches Bitcoin Mining Machine Marketplace, US Pool Becomes the World's Largest Miner

As a subsidiary of DCG, Foundry provides machines, capital, consulting, and intelligence to digital assets miners. The company also operates a mining pool called Foundry USA, which is the largest bitcoin mining pool on December 8, 2021, with 16.5% of the global hashrate or 29.83 exahash per second (EH/s) of hashpower.

During the last couple of month’s Foundry USA has been a top pool, consistently commanding a position in the top five mining pools globally. On the same day it commands the largest fraction of SHA256 hashpower worldwide, Foundry announced the launch of a bitcoin mining rig market called Foundryx.

Foundry Launches Bitcoin Mining Machine Marketplace, US Pool Becomes the World's Largest Miner

The marketplace matches buyers and sellers of bitcoin mining machines and customers gain access to the company’s inventory and pricing. The company details that it has secured more than 40,000 machines from Microbt and Bitmain that can be delivered in 2022.

Foundry also says that Foundryx customers can also leverage the company’s enterprise-grade products including services like financing, shipping, logistics, and pooled mining via the company’s mining pool Foundry USA.

Foundry Aims to Provide a Reliable U.S.-Based Secondary Market for Mining Machines

As things like the semiconductor chip shortages and supply chain problems plague the industry, Foundry details that the company aims to make the process of acquiring miners easier. Furthermore, some resellers require hefty deposits in order to purchase quality machines.

“Foundry solves these problems by providing buyers and sellers with a trusted and reliable U.S.-based secondary market for mining machines,” the company’s announcement explains.

“With the industry’s leading clients and partners, from machine manufacturers to mining companies, we have the market knowledge and data to match the right buyers and sellers, at the right price,” Jeff Burkey, VP of Foundry’s business development department said during the announcement.

Foundry’s marketplace follows the company launching a range of services for 20 crypto staking networks. The company has also partnered with a slew of bitcoin mining operations this year including firms like Greenidge Generation Holdings, Bitfams, Hut8, Cleanspark, Core Scientific, Compute North, Bit Digital, Bitdeer, and Hive.

What do you think about Foundry launching a bitcoin mining rig marketplace called Foundryx? Let us know what you think about this subject in the comments section below.