Cleanspark Expands Portfolio with $25.8 Million Acquisition of 5 Bitcoin Mines in Georgia

Cleanspark Inc. has completed the acquisition of five new bitcoin mining facilities in Georgia for $25.8 million, immediately boosting its operating hashrate to over 20 EH/s by month’s end. 

The purchase includes sites ranging from 8 MW to 15 MW each, expanding Cleanspark’s infrastructure in Georgia to over 400 MW once fully operational. This acquisition also includes interruptible-load power purchase agreements, enhancing load balancing for local electric cooperatives. Zach Bradford, CEO of Cleanspark, sees this move as a crucial step in the company’s expansion strategy, emphasizing the benefits for local cities and the achievement of their mid-year hashrate target. 

The new facilities will use advanced S21 pro miners, aiming for a combined hashrate of 3.7 EH/s, aligning with Cleanspark’s broader goal of exploring additional gigawatt-scale opportunities to drive innovation and value in bitcoin mining.

Clever Robot News Desk 20th June 2024

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