Cleanspark Expands Bitcoin Operations With Acquisition of Georgia Facilities in All-Cash Deal

Cleanspark, a publically listed bitcoin miner, has announced that it has entered into definitive agreements to get 2 turnkey bitcoin facilities successful Dalton, Georgia. The woody volition beryllium an all-cash outgo of $9.3 cardinal and is expected to summation Cleanspark’s existent operations by conscionable nether 1 exahash per 2nd (EH/s).

Cleanspark Secures Georgia Bitcoin Facilities

Cleanspark (Nasdaq: CLSK) announced connected Wednesday that it has entered into definitive agreements to get 2 turnkey bitcoin mining campuses. The facilities, situated successful Dalton, Georgia, are expected to accommodate 6,000 Antminer S19 XPs and S19J Pro+s, according to Cleanspark.

Cleanspark revealed that it has expanded its operations this twelvemonth by acquiring a full of 77,500 application-specific integrated circuit (ASIC) mining rigs since February of past year. “This acquisition ensures that we person much than capable infrastructure to scope our year-end people of 16 EH/s,” Zach Bradford, the CEO of Cleanspark stated connected Wednesday. “It besides continues to presumption america arsenic 1 of the astir power-efficient miners connected an energy-per-hashrate basis.”

The publically listed bitcoin miner asserts that 90% of its vigor premix is derived from low-carbon vigor sources. Similar to different bitcoin mining companies listed connected the banal exchange, Cleanspark’s shares roseate connected June 21, 2023, expanding by 10% against the U.S. dollar astatine 11:30 a.m. Eastern Time. “We proceed to marque usage of opportunities created by existent marketplace conditions to hole for adjacent year’s bitcoin halving,” Gary A. Vecchiarelli, the CFO astatine Cleanspark, added during the announcement.

While galore bitcoin miners faced difficulties during the crypto wintertime of 2022, the concern has been rather antithetic for operators successful 2023. The terms of bitcoin has surged importantly since then, aft hitting a debased of $16,565 per portion connected December 31, 2022, and advancements successful next-generation machinery person greatly enhanced the hashrate. Currently, 1 of the main challenges for miners is the highly intricate mining difficulty, which is anticipated to increase erstwhile again connected June 27, 2023.

What bash you deliberation astir Cleanspark’s acquisition of the bitcoin mining facilities successful Georgia? Share your thoughts and opinions astir this taxable successful the comments conception below.