The higher the hash rate, the higher probability to earn more bitcoin than a competitor. The company’s current rate is 9 exahash per second and a planned campus expansion in Sandersville, Georgia, will increase the hash rate by 6 exahash/ second. The company’s shares rose 16% to $5.87 from $5.05 on Wednesday. Schultz added CleanSpark can gain efficiency advantages on the mining rigs by intentionally slowing machines based on market conditions. The potential for a spot-market bitcoin exchange-traded fund could also be contributing to the rally in the Henderson, Nevada-based company's shares.
