Publicly traded Bitcoin mining firm Cleanspark has unveiled plans to broaden its presence in Mississippi by buying three absolutely operational Bitcoin mining websites within the space. Along with these Mississippi properties, the agency has additionally acquired a website in Dalton, Georgia, which is within the midst of growth.
Nasdaq-listed Bitcoin miner Cleanspark expands its footprint
Cleanspark (Nasdaq: CLSK) unveiled its enlargement technique in Mississippi on Tuesday, coming into into an settlement to buy three absolutely outfitted Bitcoin mining operations for $19.8 million in money. Cleanspark mentioned these Mississippi knowledge facilities will contribute roughly 2.4 exahashes per second (EH/s) to the corporate’s complete mining capability.
As well as, the corporate has acquired a further facility in Dalton, Georgia, which is presently beneath development. As soon as activated, this website is predicted to contribute a further 0.8 EH/s to Cleanspark operations.
Along with the enlargement of the prevailing mining campus in Dalton, the corporate plans to realize a complete capability of two.4 EG/s in Dalton as soon as these amenities are absolutely operational. With the upcoming activation of its Sandersville workplace, in addition to latest expansions and new acquisitions, Cleanspark expects to exceed 20 EH/s by the primary half of 2024.
Zach Bradford, CEO of Cleanspark, expressed enthusiasm for the enlargement into Mississippi and the newest acquisition in Dalton, noting, “I’m happy to announce our enlargement into neighboring Mississippi and our new acquisition in Dalton, which is not going to solely strengthen our ties. on this dynamic neighborhood, but in addition to enhance our operational effectivity in preparation for the halving.”
Bradford additional famous the operational progress at Dalton, stating:
Given our presence in Dalton, we anticipate to almost triple our hashrate there with minimal will increase in our overhead working prices.
Cleanspark’s strategic enlargement follows an settlement with Bitmain to buy 160,000 Bitcoin miners beneath the S21 Antminer model, making it aggressive with a number of different mining companies that additionally provide tens of hundreds of Bitcoin miners from Bitmain, Microbt and Canaan. Following this announcement, Cleanspark’s CLSK inventory has risen 7.67% over the previous day, having seen an increase of two.33% over the previous 5 days. Regardless of this rise, CLSK shares are down 21.4% over the previous 30 days.
What do you consider Cleanspark’s enlargement? Share your ideas and opinions on this concern within the feedback part beneath.