CleanSpark Acquires Three Bitcoin Mining Facilities in Mississippi for $19.8 Million
- CleanSpark, a Las Vegas-based company, has acquired three bitcoin mining facilities in Mississippi for $19.8 million in cash.
- The acquisition is expected to double CleanSpark's hash rate in the coming months, ahead of the next Bitcoin block reward halving scheduled for April.
- The purchased facilities will add approximately 2.4 exahashes per second (EH/s) to CleanSpark's operating hash rate.
- The company is also acquiring another facility in Dalton, GA, for around $7 million, which will contribute about 0.8 EH/s in hash rate.
- CleanSpark's current hash rate is 10 EH/s as of January 31, and the new acquisitions aim to raise it to a planned level of 13.2 EH/s.
- Further expansion at the Dalton site and the property in Sandersville, GA, could potentially add an additional 0.8 EH/s and 6 EH/s in hash rate, respectively.
- CleanSpark aims to reach a hash rate of 20 EH/s within the first half of 2024.
- CEO Zach Bradford highlights that the addition of Mississippi to their portfolio enhances geographic diversity and allows the application of their successful track record in a new operating environment.
- This move follows the broader trend in the industry, with miners actively investing in new equipment and acquisitions to prepare for the upcoming Bitcoin block reward halving.
