Cleanspark Inc. has recently completed the purchase of five fresh bitcoin mining facilities in Georgia for a total of $25.8 million. The agreement is set to be finalized promptly, boosting the company’s operational hashrate to more than 20 EH/s by the conclusion of the current month.
The publicly listed miner, Cleanspark, has acquired these new mining locations, varying in size from 8 megawatts (MW) to 15 MW each. Once fully up and running, they will expand Cleanspark’s overall infrastructure in Georgia to surpass 400 MW. Additionally, the acquisition involves power purchase agreements for interruptible load, enhancing load balancing capabilities for local electric municipal cooperatives.
Currently, Cleanspark already operates infrastructure in Georgia, Mississippi, and New York, with plans for expansion in Wyoming as well. CEO Zach Bradford expressed that this acquisition marks a significant milestone in the company’s growth strategy.
“These sites not only improve load balancing for the local cities we serve, but also enable us to reach our goal of achieving 20 EH/s of operating hashrate by mid-year,” Bradford explained in an email to Bitcoin.com News.
The upcoming facilities will utilize cutting-edge S21 pro miners, contributing to an estimated combined hashrate of 3.7 EH/s. This acquisition is part of Cleanspark’s broader plan to explore nearly one gigawatt of new opportunities, with the aim of fostering innovation and increasing shareholder value in the bitcoin mining sector.
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