CleanSpark announces acquisition of four Bitcoin mining facilities

Bitcoin mining company CleanSpark talked about that this also can construct four original mining products and companies in a assertion published on Feb. 6.

The corporate talked about it has entered definitive agreements to construct three “turnkey” Bitcoin mining products and companies in Mississippi.

Zach Bradford, CEO of CleanSpark, talked about:

“With the addition of Mississippi to our portfolio, we’re progressively increasing our geographic vary and quiz to have a look at our confirmed tune story of success on this original and thrilling operating atmosphere.”

The acquisition of those three areas involves a $19.8 million cash deal and is deliberate to shut interior 21 days. After the deal is closed, the three Mississippi products and companies will have a mixed hashrate of two.4 EH/s (exahashes per 2nd).

CleanSpark announced that this also can construct one other mining facility below growth in Dalton, Georgia. That deal involves an preliminary cash cost of $3.4 million, and one other deliberate $3.5 million funding. CleanSpark expects that the project will likely be carried out and operational by April 2024. The corporate expects to discover 2.4 EH/s across all Dalton areas, every with 0.8 EH/s.

CleanSpark reports 10 EH/s, targets fivefold increase

CleanSpark’s announcement means that it has a whole 10 EH/s of hashpower across its Georgia areas (Dalton, Sandersville, Washington, College Park), Mississippi, and co-areas. Expansions would possibly want to silent bring that whole to twenty EH/s.

CleanSpark announced in January that it had entered an settlement to manufacture several thousand Antminer S21 Bitcoin mining machines. The corporate talked about that it bought the principle 60,000 devices for $193.2 million, and the settlement permits for an additional 100,000 devices. CleanSpark has talked about that this acquisition will relief it fabricate a whole hashrate of 50 EH/s.

CleanSpark stock (CLSK) turned into once up 0.94 factors (12.11%) on Feb. 6, outperforming its rival crypto mining firms. Insurrection Platforms (RIOT) turned into once up 0.47 factors (4.55%) over the identical interval, whereas Marathon Digital (MARA) turned into once up 0.42 factors (2.52%).