TuesdayNov 05, 2024 8:00 am

CleanSpark Increases Efficiency with New Immersion-Cooled Canaan Bitcoin Miners

In a recent expansion that is intended to boost operational efficiency, CleanSpark Inc. has made a major purchase. The prominent bitcoin mining and energy technology company bought a new batch of 3,800 Avalon A1566I bitcoin miners from the Chinese tech manufacturer Canaan Inc. (NASDAQ: CAN). Beyond just benefiting CleanSpark by helping it grow its mining capacity, the collaboration marks a significant step in the firm’s mission to develop a more energy-efficient and sustainable mining fleet. Expected to arrive in the fourth quarter of 2024, these cutting-edge mining machines will run at 249 terahash per second (TH/s) without overclocking. The Avalon…

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FridayNov 01, 2024 9:00 am

Riley Starts Covering Stardust Power

Riley Financial Inc. (NASDAQ: RILY) has issued a "Buy" rating on Stardust Power Inc. (NASDAQ: SDST), setting a promising price target of $12.00 per share. The diversified financial company recognizes great possibilities in Stardust’s strategies for building one of the largest lithium refineries in the U.S., located in Muskogee, Oklahoma. When fully operational, the refinery is expected to produce an impressive 50,000 metric tons of lithium annually. As final engineering and financing continue, the plant’s strong economic prospects and speedy development schedule have placed Stardust firmly within the lithium market. Stardust Power has decided to distinguish itself using direct lithium…

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