Bitcoin Miner CleanSpark Acquires $33 Million Mining Facility In Georgia

The renewable bitcoin mining institution acquired a caller installation successful Georgia which volition clasp up to 70,000 mining rigs astatine afloat capableness by the extremity of adjacent year.

Bitcoin mining institution CleanSpark Inc.(Nasdaq: CLSK), has entered into an statement with Mawson Infrastructure Group (Nasdaq: MIGI) to acquisition a mining installation for $33 million, per a property merchandise sent to Bitcoin Magazine.

The turnkey mining installation successful Sandersville, Georgia is expected to adhd 1.4 exahashes per 2nd (EH/s) to CleanSpark’s hash complaint earlier the extremity of the year. By aboriginal 2023, the installation should supply a full output of 2.4 EH/s, expanding up to 7 EH/s by the extremity of 2023. The institution has a extremity of 22 EH/s crossed each locations by the extremity of 2023.

Currently, the Sandersville installation tin enactment up to 24,108 of the latest mining rigs. However, the added hash complaint volition travel erstwhile the institution successfully expands the installation by 150 megawatts (MWs) towards the extremity of adjacent year. Once the installation is operating astatine afloat capableness it volition enactment 70,000 mining rigs.

“We are pleased to invited Mawson’s Sandersville tract and its operating teams into the CleanSpark family,” said Zachary Bradford, CleanSpark’s main enforcement officer. “The tract is thing but impressive— well-run by implicit 20 dedicated professionals who person taken important pridefulness successful the design, development, and attraction of the site.”

Additionally, CleanSpark volition beryllium purchasing 6,648 of the latest procreation of bitcoin miners from Mawson for $9.48 million, oregon $17 per terahash. These machines supply 558 terahashes per 2nd (PH/s) and are already operating astatine the acquired facility.

As a transitory measure, CleanSpark volition supply impermanent hosting services portion Mawson transfers their mining operations. Mawson volition person entree to 30 MW for up to 180 days. Upon the extremity of this transition, CleanSpark volition instantly statesman self-mining operations with the disposable capacity.

“We present mean to absorption our attraction connected the continued improvement of our Pennsylvania and Texas facilities wherever we spot the accidental for compelling returns connected capital,” said James Manning, CEO of Mawson.