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Title: CleanSpark’s Tennessee Expansion Boosts Stock 11% Amid Local Unrest
CleanSpark, a sustainable bitcoin mining and energy technology company listed on the NASDAQ (CLSK), has made significant strides in its Tennessee expansion, leading to an impressive 11.27% stock surge. This move comes amidst growing concerns from local residents regarding noise pollution and environmental impact.
As reported by WCYB, the Mountain City Board of Mayor and Aldermen approved CleanSpark’s request to rezone a 50-acre site for constructing a new 30-megawatt Bitcoin mining facility. The decision, which garnered three votes in favor and one against, marks a significant milestone for the company as it continues its rapid growth trajectory.
CleanSpark CEO Zach Bradford attributed the company’s success to building and operating its own infrastructure, allowing for unparalleled control, resilience, and scalability within the industry. This stance has contributed significantly to the firm’s remarkable 50 EH/s increase in hashrate and improved fleet efficiency.
The Tennessee expansion is a testament to CleanSpark’s ability to adapt and expand its operations despite local resistance. Despite concerns regarding noise pollution and environmental impact, the company remains committed to sustainable energy solutions.
Source: cryptoslate.com
