![]() This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for expansion of the Company's Georgia bitcoin mining facilities, increasing our efficiency, and the resulting anticipated benefits to CleanSpark (including as to anticipated additions to CleanSpark's hashrate and the timing thereof). The planned expansion will add over 6 EH/s to CleanSpark's mining operations. Crews continue to make major headway as they prep the land for CleanSpark's ambitious expansion in Sandersville. Over 14,000 machines are racked and ready to start hashing. The 50MW expansion is expected to energize by the end of the week. An additional 4,500 machines are expected to go live in the coming weeks. Machines are being racked daily, with about 1,500 machines currently online. CleanSpark's newest campus, which consists of two facilities in the town of Dalton, Georgia, began hashing almost immediately after the acquisition was announced in late June. June daily BTC mined averaged 16.4 and reached a high of 17.4.ĭalton. Sales of BTC equated to proceeds of approximately $11.2 million. The Company funded growth and operations through the sale of 413 bitcoins in June 2023 at an average of approximately $27,200 per BTC. Total BTC converted for operations and growth in June: 413Ĭurrently deployed fleet of about 68,678 latest-generation bitcoin miners with a hashrate of 6.7 EH/s ![]() This is a tremendous accomplishment as we work to build some of the finest bitcoin infrastructure in North America." We also anticipate that our recently announced acquisition, two facilities located in Dalton, Georgia, will be fully operational this month. "This was a quarter of execution for us, as we expect the Washington expansion to go live later this week. "We made substantial progress growing our bitcoin holdings this quarter, while continuing to advance our growth plans," said Zach Bradford, CEO. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website.CleanSpark's bitcoin holdings grew 170% quarter over quarter None of the information on this website is investment or financial advice. The post Walmart Halts Its Blockchain Plans For Food Traceability appeared first on FintechMode. That means there are three years to find viable and compliant solutions. New rules have been put into effect and businesses must comply by January 20, 2026. Moreover, these records must be transparent and immutable, making blockchain a logical solution. Traceability and accountability are pressing matters in the food industry. It remains likely Walmart will change its stance on blockchain technology again. That is unacceptable and warrants rethinking the whole ordeal. As a result, the platform only welcomed one new produce item in a four-year timespan. Unfortunately, the chain’s big suppliers – mainly independent farmers – are not too keen on using new technologies. The project had initial support from entities like Driscoll’s Golden State Foods, Kroger, Unilever, etc. In addition, vendors, suppliers, and other third parties may not see merit in blockchain technology today.Īlthough Walmart has put its Food Traceability Initiative on ice, it hasn’t been canned. Few can warrant the cost of buying into such systems under the current market conditions. Unfortunately, businesses face ever-changing conditions and financial problems. They need everyone to share a mindset and commit to a long-term plan. That is the downside of corporate blockchain projects. Its plan to digitize global supply chains hasn’t received sufficient cooperation and support to remain viable. ![]() ![]() In addition, companies like IBM have winded down their blockchain-based efforts. Although it makes sense to track food via the blockchain – something that can benefit many people – one cannot underestimate the upkeep. Walmart is the latest company to put its efforts on ice, for now. Check out our weekly crypto and fintech newsletter here! Follow CryptoMode on Twitter, Youtube and TikTok for news updates! ![]()
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