CleanSpark Announces Acquisition of Four Bitcoin Mining Facilities
Bitcoin mining company CleanSpark said in a press release issued on February 6 that it would acquire four new mining facilities.
The company said it has signed a definitive agreement to acquire three “turnkey” Bitcoin mining facilities in Mississippi.
Zach Bradford, CEO of CleanSpark, said:
“With the addition of Mississippi to our portfolio, we are gradually increasing our geographic diversity and look forward to applying our proven track record of success in this new and exciting operating environment.”
The three acquisitions involve a $19.8 million cash transaction and are expected to close within 21 days. Once the transaction is complete, the total hashrate of the three Mississippi facilities will be 2.4 EH/s (exahash per second).
CleanSpark announced that it will acquire another mining facility under construction in Dalton, Georgia. The transaction includes an initial cash payment of $3.4 million and a planned additional investment of $3.5 million. CleanSpark expects the project to be completed and operational by April 2024. The company expects to see 2.4 EH/s across all Dalton locations, with each location averaging 0.8 EH/s.
CleanSpark reports 10EH/s and targets a 5x increase.
According to CleanSpark’s announcement, it has a total hash power of 10 EH/s across its Georgia locations (Dalton, Sandersville, Washington, College Park), Mississippi, and co-locations. Scaling up should result in a total of 20EH/s.
CleanSpark announced in January that it had signed a deal to purchase thousands of Antminer S21 Bitcoin mining machines. The company said it purchased the first 60,000 devices for $193.2 million and that the deal allows it to purchase an additional 100,000 devices. CleanSpark said the acquisition will help it achieve a total hashrate of 50EH/s.
CleanSpark stock (CLSK) rose 0.94 points, or 12.11%, on February 6, outperforming rival cryptocurrency mining companies. The Riot Platform (RIOT) has emerged. 0.47 During the same period, it rose 0.42 points (2.52%), while Marathon Digital (MARA) rose 0.42 points (2.52%).
