CleanSpark plans to acquire seven Bitcoin mining facilities in Knoxville, Tennessee for $27.5 million. 🧦
- This will add over 85 megawatts of capacity and increase the company's hash rate by 22%.
- The deal is expected to close by September 25.
- Analysts see this as a strategic move, but let's not forget the recent security issues.
CleanSpark shares are trading at $9.30, but analysts recommend "buy".