CleanSpark adds hashrate with $9.3M acquisition of Georgia mining campuses

Bitcoin (BTC) miner CleanSpark has entered into a “definitive agreement” to get 2 turnkey BTC mining campuses successful Dalton, Georgia, for $9.3 cardinal successful cash, according to a June 21 statement.

CleanSpark noted that this would adhd nether 1 exahash per 2nd (EH/s) to its hashrate erstwhile the woody is closed.

The miner stated that the caller facilities would big implicit 6,000 Antminer S19 XPs and S19J Pro+s that were ordered and afloat paid for earlier successful the year.

CleanSpark CEO Zach Bradford pointed retired that the acquisitions align with the miner’s year-end people of 16 EH/s. Bradford said:

“[The] acquisition ensures that we person much than capable infrastructure to scope our year-end people of 16 EH/s. It besides continues to presumption america arsenic 1 of the astir power-efficient miners connected an energy-per-hashrate basis.”

The firm’s CFO, Gary A. Vecchiarelli, said the facilities were “fully paid for from our existing currency reserves, and we expect it to astir instantly commencement driving gross to our bottommost line.” Vecchiarelli further noted that the acquisition helps the institution to “prepare for adjacent year’s bitcoin halving.”

Meanwhile, the Bitcoin miner has made respective large purchases since the opening of the year, including purchasing 12,500 Bitcoin mining rigs for $40.5 cardinal successful aboriginal June.

According to Google Finance data, CleanSpark’s CLSK banal is up 10% connected Nasdaq and trades astatine $4.86.

The banal show reflects the wide affirmative sentiments astir the crypto manufacture that person seen Bitcoin’s worth soar supra $29,500, according to CryptoSlate’s data.

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