CleanSpark Inc., a well-known player in the Bitcoin mining industry, has unveiled plans to increase its operational hash rate, CryptoPotato reports. The company plans to double the hash rate ahead of the upcoming Bitcoin halving event. To this end, the company has unveiled strategic acquisitions and expansion moves to increase its mining capabilities and geographic coverage. In a recent press release, CleanSpark disclosed that it agreed to purchase three off-the-shelf Bitcoin mining facilities in Mississippi for a total cash payment of $19.8 million. The acquisitions are expected to be completed within 21 days and are expected to significantly increase the company's operating hash rate. Upon completion of the transaction, the Mississippi complex is expected to contribute 2.4 EH/s (Execashes per second) to CleanSpark’s mining operations. The company plans to acquire a third mining facility under construction in Dalton, Georgia. The facility is expected to begin operations in April 2024, with an expected hash rate of 0.8 EH/s. The company also plans to expand its existing Dalton campus, with plans to increase its current operating hash rate from 0.8 EH/s to 0.8 EH/s. Once all Dalton facilities are operating at full capacity, CleanSpark expects to achieve a total operating hash rate of 2.4 EH/s, further increasing its mining capabilities. These announcements follow CleanSpark’s strategic agreement in January to purchase up to 160,000 S21 mining rigs, paving the way to achieve a hash rate of 50 EH/s.

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