Cleanspark Acquires Plug-in-Ready Bitcoin Mining Facility With up to 86 MW of Capacity

On Tuesday, the bitcoin mining institution Cleanspark announced it acquired a plug-in-ready bitcoin mining installation that is scalable to 86 megawatts (MW) of capacity. Presently, the recently opened tract successful Washington, Georgia, has 36 megawatts, which is expected to springiness Cleanspark’s hashrate a 38% boost this quarter.

Publicly-Listed Bitcoin Miner Cleanspark Expands Operations successful Georgia

After Cleanspark Inc. (Nasdaq: CLSK) revealed past period that it acquired 1,061 bitcoin miners astatine a “discounted price,” the institution announced it has acquired a caller installation successful Washington, the region spot of Wilkes County, Georgia. The caller installation has the capableness to big up to 86 MW and Cleanspark purchased the installation for $16.2 million. The mining steadfast besides bought 3,400 Antminer S19 mining rigs for $8.9 million.

The Antminer rigs are presently successful cognition with 340 petahash per 2nd (PH/s) of hashpower. “[Cleanspark] volition capable the equilibrium of the 36 MW with machines already paid for and connected hand,” Tuesday’s announcement details. The caller installation volition beryllium Cleanspark’s 3rd clean-energy bitcoin mining installation successful Georgia. The institution says that it looks guardant to increasing the facility’s infrastructure and bolstering section jobs successful the region. The tract leverages low-carbon vigor sources specified arsenic nuclear, Cleanspark’s announcement explains.

“We are excited to grow our footprint successful Georgia,” Cleanspark’s CEO Zach Bradford said successful a statement. The marketplace has been preparing each summertime for consolidation, and we are pleased to beryllium connected the acquiring side. Our absorption connected sustainability and maximizing worth for our stakeholders person enactment america successful a unsocial presumption to instrumentality vantage of the unprecedented opportunities that the existent marketplace has created.” Bradford continued:

We are particularly excited to beryllium moving with the citizens of Washington, GA, who person been truthful welcoming to us. We look guardant to maintaining and increasing jobs and infrastructure astatine our caller field successful Washington.

Cleanspark shares CLSK person seen gains during the past 30 days rising 10.51%, but one-year statistic amusement CLSK has mislaid 67.86%. A fig of different publicly-listed mining companies person seen shares travel the aforesaid downward inclination arsenic cryptocurrencies successful the existent carnivore market. For instance, Marathon Digital Holdings (Nasdaq: MARA) reported that it recorded antagonistic Q2 results, but the institution saw increases successful bitcoin production.

The terms of bitcoin has wounded BTC mining gross and the starring crypto asset’s hashrate slipped 1.7% little successful Q2 successful examination to the archetypal quarter. Despite the crypto winter, Cleanspark has continued to grow and erstwhile it acquired 2 bulk orders of ASIC miners successful July astatine a discount, Bradford highlighted that Cleanspark was seeing “unprecedented opportunities successful this market.”

What bash you deliberation astir Cleanspark acquiring a installation successful Washington, Georgia with up to 86 MW of capableness and purchasing 3,400 Antminers? Let america cognize your thoughts astir this taxable successful the comments conception below.