Bitcoin Miner CleanSpark Expands Capacity: Purchase of Three Farms And A Data Center
CleanSpark, a Bitcoin miner, is set to acquire three operating cryptocurrency mining enterprises in Mississippi, USA, with a combined hash rate of 2.4 EH/s for $19.8 million.
Today we announced two new acquisitions, that combined with the imminent energization of the Sandersville expansion, provide us the additional power needed to double our current operational #hashrate of 10 EH/s and exceed 20 EH/s during the first half of 2024.$CLSK is venturing… pic.twitter.com/LLge0BlcOV
— CleanSpark Inc. (@CleanSpark_Inc) February 6, 2024
The deal involves cash payment and is expected to be finalized within three weeks. Simultaneously, the company has entered into a definitive agreement to purchase a mining data center under construction in Dalton, Georgia. CleanSpark plans to invest $3.5 million to complete the project and aims to launch it in April 2024. The hash rate of the facility will be 0.8 EH/s.
According to the statement, the company currently possesses computing power of 10 EH/s. The new acquisitions will enable CleanSpark to continue moving towards its target of reaching 20 EH/s by the first half of 2024.
In January, the firm signed an agreement with Bitmain to purchase 160,000 Antminer S21 units. Deploying this batch of equipment will allow CleanSpark to achieve a Bitcoin hash rate level of 50 EH/s. In the near future, the company also plans to expand the capacity of its data center in Sandersville, Georgia.
According to CleanSpark CEO Zach Bradford, acquiring assets in Mississippi will expand the company's geographic diversification.
"As one of the few public miners to achieve scale, we expect to continue to be among the most efficient operators both in terms of managing our energy portfolio prudently and our ability to maintain industry-leading margins," he added.