The miner announced a partnership with energy technology company Lancium earlier this year for an
in west Texas, which translates to 6.6 EH/s of hashrate, with an option for an additional 300MW in the future. However, Lancium informed CleanSpark that capital constraints have affected its ability to meet its commitments,. The expected completion dates have been pushed into late 2023 or even later, which led to the guidance cut by the miner.
Crypto miners have been severely affected by the current crypto winter as the price of bitcoin has slumped, killing their revenue. Meanwhile, energy prices have soared, increasing their costs. This has resulted in one of the biggest mining data center operators in the U.S., Compute North, filing for
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