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HomeMiningGeorgia Facilities Are Acquired by Cleanspark in an All-Cash Deal, Growing Bitcoin...

Georgia Facilities Are Acquired by Cleanspark in an All-Cash Deal, Growing Bitcoin Operations

A publicly traded bitcoin miner named Cleanspark has stated that it has gone into binding contracts to buy two fully operational bitcoin facilities in Dalton, Georgia. Cleanspark’s present operations are predicted to expand by slightly under 1 exahash per second (EH/s) as a result of the acquisition, which will be paid for in cash in the amount of $9.3 million.

Georgia Bitcoin Facilities Are Secured by Cleanspark

On Wednesday, Cleanspark (Nasdaq: CLSK) said that it had finalized deals to purchase two turnkey bitcoin mining campuses. 6,000 Antminer S19 XPs and S19J Pro+s are anticipated to fit in the facilities, which are located near Dalton, Georgia, according to Cleanspark.

Since purchasing 77,500 application-specific integrated circuit (ASIC) mining rigs in February of last year, Cleanspark has extended its business activities this year. The CEO of Cleanspark, Zach Bradford, said on Wednesday that the company now has more than enough infrastructure to meet its year-end objective of 16 EH/s. On an energy-per-hash rate basis, it keeps us in the top spot of miners who use the least amount of electricity.

90% of the energy mix used by the publicly traded Bitcoin miner, according to the company, comes from low-carbon energy sources. Cleanspark’s shares increased on June 21, 2023, up 10% versus the dollar at 11:30 a.m. Eastern Time, similar to other bitcoin mining businesses listed on the stock market. Gary A. Vecchiarelli, the CFO of Cleanspark, said after the release, “We continue to take advantage of opportunities created by current market conditions to position for next year’s bitcoin halving.”

The crypto winter of 2022 was challenging for many Bitcoin miners, but things have been much better for operators in 2023. After falling to a low of $16,565 per unit on December 31, 2022, the price of bitcoin has since increased dramatically, and the hash rate has been greatly increased thanks to developments in next-generation hardware. The incredibly complex mining difficulty is now one of the biggest problems for miners, and it’s expected to rise once more on June 27, 2023.

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