Benzinga | Jul 14, 2021 08:17AM EDT

CleanSpark Partners With ESG Crypto-Miner Coinmint

* Bitcoin miner Cleanspark Inc (NASDAQ:CLSK) collaborated with environmental, social, and corporate governance (ESG) focused digital currency data center operator Coinmint to deploy nearly 25 MW of its Bitmain S19 Pro miners at a Coinmint operated location.

* The financial terms of the partnership remain undisclosed.

* CleanSpark plans to deploy 750 PH/s in hashrate capacity at Coinmint's facility in Massena, New York, between July and September.

* Coinmint has agreed to provide 25 MW of power, operations support, and 98% uptime to support the hashrate.

* Cleanspark expects this agreement to rapidly increase its overall hashrate across all Bitcoin mining locations to 1.2 EH/s upon installation and maximize its Bitcoin production while maintaining ESG-based mining philosophy.

* Additionally, CleanSpark and Coinmint intend to reach 100% renewable power.

* Price action: CLSK shares traded higher by 0.41% at $14.85 in the premarket session on the last check Wednesday.