Cleanspark Expands Bitcoin Mining Operations to Mississippi With $19.8 Million Acquisition

The publically traded bitcoin mining entity Cleanspark has unveiled plans to broaden its operational footprint into Mississippi done the acquisition of 3 afloat operational bitcoin mining sites successful the area. Alongside these Mississippi locations, the steadfast besides secured a tract successful Dalton, Georgia, which is successful the midst of construction.

Nasdaq Traded Bitcoin Miner Cleanspark Expands Footprint

On Tuesday, Cleanspark (Nasdaq: CLSK) revealed its Mississippi enlargement strategy, having completed a acquisition statement for 3 afloat equipped bitcoin mining facilities, shelling retired $19.8 cardinal successful cash. Cleanspark shared that these Mississippi information centers volition lend astir 2.4 exahash per 2nd (EH/s) to the firm’s full mining capabilities.

Furthermore, the institution has acquired an further installation successful Dalton, Georgia, which is presently nether development. This tract is anticipated to lend an further 0.8 EH/s to Cleanspark’s operations upon activation.

Together with the enlargement of its existing Dalton mining campus, the institution anticipates achieving a combined capableness of 2.4 EH/s successful Dalton erstwhile these facilities are afloat operational. Cleanspark anticipates that with the forthcoming activation of its Sandersville location, alongside caller expansions and caller acquisitions, it aims to surpass 20 EH/s by the archetypal fractional of 2024.

Zach Bradford, CEO of Cleanspark, expressed enthusiasm astir the enlargement into Mississippi and the latest acquisition successful Dalton, noting, “I’m pleased to denote our enlargement into adjacent Mississippi and for our newest acquisition successful Dalton, which volition not lone fortify our ties successful this vibrant assemblage but besides amended our operating efficiencies arsenic we hole for the halving.”

Bradford further remarked connected the operational maturation successful Dalton, stating:

Given our existing footprint successful Dalton, we expect to astir triple our hashrate determination with minimal increases to our overhead operating costs.

Cleanspark’s strategical enlargement follows its agreement with Bitmain to acquisition 160,000 S21 Antminer-brand bitcoin miners, positioning it competitively among a multitude of different mining corporations besides securing tens of thousands of bitcoin miners from Bitmain, Microbt, and Canaan. Following this announcement, Cleanspark’s CLSK shares experienced a 7.67% emergence implicit the past day, with a 2.33% summation observed implicit the past 5 days. Despite these gains, CLSK shares person seen a 21.4% diminution implicit the past 30 days.

What bash you deliberation astir Cleanspark’s expansion? Share your thoughts and opinions astir this taxable successful the comments conception below.