CleanSpark pronounces acquisition of 4 Bitcoin mining services

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

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

Zach Bradford, CEO of CleanSpark, stated:

“With the addition of Mississippi to our portfolio, we’re step by step growing our geographic variety and anticipate to use our confirmed observe document of success on this new and thrilling working atmosphere.”

The acquisition of these three areas entails a $19.8 million money deal and is deliberate to shut inside 21 days. After the deal is closed, the three Mississippi services 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 entails an preliminary money fee of $3.4 million, and one other deliberate $3.5 million funding. CleanSpark expects that the challenge will likely 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, School Park), Mississippi, and co-locations. Expansions ought to convey that complete 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 stated that it bought the primary 60,000 units for $193.2 million, and the settlement permits for a further 100,000 units. CleanSpark has acknowledged 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 companies. 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%).