1 week ago
CleanSpark is acceptable to get 7 Bitcoin mining sites successful Tennessee, on with associated properties, for $27.5 million, according to a Sept. 11 statement.
The miner stated that these facilities person a combined powerfulness capableness of 85 megawatts (MW), which means the woody equates to astir $324,000 per MW.
The institution expects to finalize the acquisitions astatine each tract by Sept. 25.
Hash complaint increase
CleanSpark noted that the caller sites are expected to scope a full hash rate of 5 exahashes per 2nd (EH/s) erstwhile the latest S21 Pro miners are afloat installed. This is projected to summation its existent hash complaint by implicit 22%.
Zach Bradford, CleanSpark’s CEO, said the institution could scope 37 EH/s by the extremity of 2024 with the summation of the caller facilities portion besides highlighting the firm’s advancement successful energizing its Dalton 4 field past week, which helped it to transcend 23 EH/s.
Bradford besides emphasized the company’s strategy of capitalizing connected favorable marketplace conditions for mining server purchases. He said:
“As we’ve antecedently discussed, our timing of the marketplace connected mining server purchases intentionally locked successful debased prices truthful that we could instrumentality vantage of opportunities similar this and instantly capable acquired information halfway space. The GRIID acquisition, our caller closing in Wyoming, and present this caller transaction represents the continued execution of our maturation strategy. “
He further noted that Tennessee offers a governmental and vigor situation akin to Georgia, wherever CleanSpark has already invested astir $1 cardinal and operates adjacent to 500 MW.
Despite the acquisition news, the company’s banal worth declined. According to Yahoo Finance data, CLSK was trading down astir 2%, astatine $9.19 arsenic of property time.
Bitcoin production
This acquisition comes soon aft CleanSpark announced it had mined 478 BTC successful August and accrued its operational hashrate by 1.4 EH/s. The steadfast stated that it held 7,558 BT arsenic of Aug. 31.
It added:
“The Company sold 2.5 bitcoin successful August 2024 astatine an mean terms of astir $56,729 per bitcoin. The mean hashrate passim the period of August was 21.3 EH/s resulting successful an mean of 15.43 bitcoin mined regular and a azygous time precocious of 17.88.”
The station Cleanspark’s $27.5M enlargement to boost Bitcoin mining powerfulness by 22% appeared archetypal connected CryptoSlate.
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