Cleanspark Acquires 5 Bitcoin Mining Facilities in Georgia for $25.8 Million
Cleanspark Inc. has announced the acquisition of five new bitcoin mining facilities in Georgia for $25.8 million. The deal is expected to close immediately, increasing the company’s operating hashrate to over 20 EH/s by the end of the month.
Publicly Listed Miner Cleanspark Obtains 5 New Mining Facilities
The newly acquired sites, which range from 8 megawatts (MW) to 15 MW each, will bring Cleanspark‘s total infrastructure in Georgia to over 400 MW once fully operational. The acquisition includes interruptible-load power purchase agreements, enhancing load balancing capabilities for local electric municipal cooperatives.
The company currently operates infrastructure in Georgia, Mississippi, New York, and has announced plans for additional locations in Wyoming. Zach Bradford, CEO of Cleanspark, stated that this acquisition is a significant milestone in the company’s growth strategy.
“These sites not only enhance the load balancing capabilities for the local cities we work with, but lock in the achievement of our mid-year target of achieving 20 EH/s of operating hashrate,” Bradford detailed in an email sent to Bitcoin.com News.
The new facilities will utilize the latest generation S21 pro miners, contributing to an anticipated combined hashrate of 3.7 EH/s. This acquisition is part of Cleanspark’s broader strategy to analyze nearly one gigawatt of new opportunities, aiming to drive innovation and shareholder value in the bitcoin mining industry.
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