Bitcoin miner CleanSpark will purchase for $19.8 million three operating enterprises for the extraction of the first cryptocurrency in the state of Mississippi (USA) with a total hashrate of 2.4 EH/s.
Today we announced two new acquisitions, that combined with the imminent energization of the Sandersville expansion, provide us the additional power needed to double our current operational #hashrate of 10 EH/s and exceed 20 EH/s during the first half of 2024.$CLSK is venturing… pic.twitter.com/LLge0BlcOV
– CleanSpark Inc. (@CleanSpark_Inc) February 6, 2024
The transaction involves payment in cash. It is expected to remain closed for three weeks.
At the same time, the company entered into a definitive agreement to purchase a mining data center under construction in Dolton, Georgia. CleanSpark intends to invest $3.5 million to complete the project and launch it into operation in April 2024. The hashrate of the object will be 0.8 EH/s.
According to the statement, the company has a current computing capacity of 10 EH/s. The new purchases will allow CleanSpark to continue moving towards its target of 20 EH/s in the first half of 2024.
In January, the firm entered into an agreement with Bitmain to purchase 160,000 Antminer S21 installations. The deployment of this batch of equipment will allow CleanSpark to reach a Bitcoin hashrate of 50 EH/s.
In the near future, the company also plans to expand the capacity of its data center in Sandersville (Georgia).
According to CleanSpark CEO Zach Bradford, the acquisition of the Mississippi facilities will expand the company's geographic diversification.
“As one of the few public miners to achieve scale, we expect to continue to be among the most efficient operators, both in terms of prudent management of our energy portfolio and our ability to maintain industry-leading overhead,” he added.
Let us remind you that CoinShares experts classified CleanSpark as one of the small number of Bitcoin miners that will continue to operate profitably after the halving. In their calculations, analysts took into account the price of the first cryptocurrency at $40,000.
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