Saturday, July 6, 2024

CleanSpark publicizes acquisition of 4 Bitcoin mining amenities

Bitcoin mining agency CleanSpark mentioned that it’s going to purchase 4 new mining amenities in a press launch revealed on Feb. 6.

The corporate mentioned it has entered definitive agreements to accumulate three “turnkey” Bitcoin mining amenities in Mississippi.

Zach Bradford, CEO of CleanSpark, mentioned:

“With the addition of Mississippi to our portfolio, we’re steadily rising our geographic variety and anticipate to use our confirmed observe file of success on this new and thrilling working setting.”

The acquisition of these three areas includes a $19.8 million money deal and is deliberate to shut inside 21 days. After the deal is closed, the three Mississippi amenities can have a mixed hashrate of two.4 EH/s (exahashes per second).

CleanSpark introduced that it’s going to purchase one other mining facility underneath development in Dalton, Georgia. That deal includes an preliminary money cost of $3.4 million, and one other deliberate $3.5 million funding. CleanSpark expects that the venture shall be accomplished and operational by April 2024. The corporate expects to see 2.4 EH/s throughout all Dalton areas, every with 0.8 EH/s.

CleanSpark studies 10 EH/s, targets fivefold improve

CleanSpark’s announcement signifies that it has a complete 10 EH/s of hashpower throughout its Georgia areas (Dalton, Sandersville, Washington, Faculty Park), Mississippi, and co-locations. Expansions ought to deliver that whole to twenty EH/s.

CleanSpark introduced in January that it had entered an settlement to acquire a number of thousand Antminer S21 Bitcoin mining machines. The corporate mentioned that it bought the primary 60,000 units for $193.2 million, and the settlement permits for a further 100,000 units. CleanSpark has said that this acquisition will assist it obtain a complete hashrate of fifty EH/s.

CleanSpark inventory (CLSK) was up 0.94 factors (12.11%) on Feb. 6, outperforming its rival crypto mining corporations. Riot Platforms (RIOT) was up 0.47 factors (4.55%) over the identical interval, whereas Marathon Digital (MARA) was up 0.42 factors (2.52%).

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