Bitcoin Miner Cleanspark Completes Sandersville Facility Acquisition, Firm’s Hashrate Now 4.7 Exahash

On October 11, the publicly-listed bitcoin miner Cleanspark announced that it has completed the acquisition of Mawson Infrastructure Group’s Georgia-based bitcoin mining facility. Following the acquisition, Cleanspark says it present manages 220 megawatts (MW) of bitcoin miners with a hashrate of implicit 4.7 exahash per 2nd (EH/s).

Cleanspark Hashrate Moves Closer to 5 Exahash, Firm Obtains 6,500 Mining Rigs From the Facility Acquisition

Cleanspark (Nasdaq: CLSK) revealed connected Tuesday that the mining steadfast has finished the acquisition of Mawson’s Georgia-based bitcoin mining installation located successful Sandersville. The acquisition, Cleanspark says, included 6,500 mining rigs oregon astir 560 petahash per 2nd (PH/s) of hashpower.

According to Cleanspark, the Sandersville tract is the publicly-listed bitcoin miner’s 4th installation successful Georgia. The different locations Cleanspark operates are located successful Washington, College Park, and Norcross.

“Mawson has built a world-class facility, staffed by an unthinkable team, and we are looking guardant to continuing their enactment successful Sandersville, yet gathering this tract to its afloat imaginable of 230 MW arsenic we enactment toward our 2023 year-end guidance of 22.4 EH/s,” Zach Bradford, Cleanspark’s CEO, said connected Tuesday successful a statement.

Cleanspark’s accrued hashrate follows Bitcoin’s full hashrate tapping an all-time precocious (ATH) connected October 5, 2022, and the network’s mining trouble reaching an ATH connected October 10. With the existent trouble ATH and bitcoin’s (BTC) terms conscionable hardly supra the $19K range, the headwinds person enactment important unit connected BTC miners looking to maximize profits.

Cleanspark’s CEO Zach Bradford has mentioned successful the past that the institution managed to ward disconnected the crypto wintertime and it besides managed to find opportunities during the downturn. In summation to acquiring Mawson’s facility, Cleanspark acquired thousands of bitcoin miners astatine a discount.

“During the process extremity of the bull marketplace past year, we strategically focused connected gathering infrastructure alternatively of pursuing the past manufacture inclination of pre-ordering instrumentality months successful advance,” Bradford said astatine the time.

Following the announcement and astatine the clip of writing, CLSK shares traded connected Nasdaq are up 3.05%. Six-month statistics, however, amusement CLSK shares are down 70.08% against the U.S. dollar and year-to-date, CLSK is down 68.77%.

Since it entered Georgia, Cleanspark says that the steadfast has invested “$275 cardinal successful Georgia communities” and it has provided “over 80 highly skilled and skilled jobs, scholarships, and assorted assemblage sponsorships” successful the region.

What bash you deliberation astir Cleanspark finishing up the acquisition of Mawson’s Georgia-based mining information center? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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