CleanSpark Purchases Two Bitcoin Mining Sites, Enabling Growth in Hash Rate and Mining Capacity

Leading Bitcoin mining firm CleanSpark Inc. has declared its intention to buy two turnkey Bitcoin mining campuses in Dalton, Georgia for $9.3 million in a cash transaction. 

These facilities are predicted to add almost 1 exahash per second (EH/s) to CleanSpark's hash rate. This purchase is in line with the company's objective of achieving 16 EH/s by year-end.

CleanSpark's acquisition will facilitate hosting for over 6,000 latest-generation Bitcoin mining machines. Notably, these include the Antminer S19 XPs and S19J Pro+s, which were pre-ordered and completely paid for earlier in the year.

CleanSpark CEO Zach Bradford stated that “this acquisition ensures that we have more than enough infrastructure to reach our year-end target of 16 EH/s. It also continues to position us as one of the most power-efficient miners on an energy-per-hashrate basis.”

“These two additional sites are testament to our deepening ties with rural communities in Georgia and the regional expertise we are developing there as a large, flexible load. Importantly, our efforts are generating economic growth for the suburban and rural areas where our operations are located,” he added.

Gary A. Vecchiarelli, the CFO of CleanSpark, emphasized the financial significance of the purchase, asserting that it will bring immediate benefits to the company. Vecchiarelli stated that this acquisition, fully financed from their existing cash reserves, is anticipated to promptly start contributing to the company’s revenue.