CleanSpark acquires two Bitcoin mining services for $9.3 million

• CleanSpark will full the $9.3 million all-cash deal for the 2 turnkey Bitcoin mining services this week.
• The services in Dalton, Georgia, will host 6,000 Antminer S19 XPs and S19J Professional+ rigs.
• CleanSpark CEO Zach Bradford says the deal places the miner on observe to achieve its year-end hashrate goal of 16 EH/s

CleanSpark (NASDAQ: CLSK), one of many largest Bitcoin mining corporations on this planet, has introduced the acquisition of two BTC mining campuses in Dalton, Georgia.

The corporate mentioned in a press launch that it had struck a definitive settlement to buy the 2 turnkey services for $9.3 million, an all-cash deal anticipated to shut later this week.

CleanSpark targets 16 EH/s by finish of yr

Based on the miner, the 2 campuses are set to host over 6,000 Antminer S19 XPs and S19J Professional+s, and can see the mining large add just below 1 exahashes per second (EH/s) to its hashrate.

“This acquisition ensures that we now have greater than sufficient infrastructure to achieve our year-end goal of 16 EH/s. It additionally continues to place us as one of the crucial power-efficient miners on an energy-per-hashrate foundation,” Zach Bradford, CEO of CleanSpark, mentioned in a press release.

CleanSpark’s newest buy provides to a number of earlier buys and acquisitions secured over the previous a number of months. After buying 20,000 Antminer S19j Professional+ machines for $43.6 million in February, the corporate added 45,000 Antminer S19 XP models price $144.9 million in April. In Might, it purchased 12,500 Antminer S19 XP rigs.

CLSK traded at $4.86, up 10% on the day on Wednesday. The crypto inventory has rallied greater than 140% in 2023 and analysts count on it to achieve $12.