CleanSpark, a company specializing in Bitcoin mining, has officially completed the acquisition of 5 turnkey Bitcoin mining facilities in Georgia. These facilities have a combined capacity of 50MW, marking a significant milestone for the company. The $25.8 million deal is set to pave the way for a major expansion of CleanSpark’s mining operations.
With the integration of these facilities, CleanSpark is poised to increase its current hashrate capacity to over 3.7 exahashes per second (EH/s) once the latest S21 pro miners are fully incorporated. This move is part of CleanSpark’s strategic plan to enhance its infrastructure and operational capabilities in the Cryptocurrency Mining sector.
CEO Zach Bradford views this acquisition as a crucial step towards achieving the company’s target of 20 EH/s of operational power by mid-year. By utilizing these environmentally friendly sites, CleanSpark aims to not only enhance local load-balancing capabilities essential for grid stability during peak usage periods but also reaffirm its commitment to sustainable mining practices.
The acquired facilities range from 8 to 15 MW in capacity, each equipped with advantageous load management-driven power purchase agreements. This feature proves invaluable in regions prone to extreme weather conditions, where energy demands spike temporarily.
Looking ahead, CleanSpark anticipates adding over 400 MW of annualized run-rate Georgia market operations to its portfolio post-acquisition. This expansion solidifies its position in leveraging the state’s regional long-term agreements and underscores the company’s dedication to enhancing shareholder value through innovative Bitcoin mining strategies.
With operations spanning across various U.S. states, CleanSpark recently showcased its presence in Mississippi and Wyoming during budget season. The company’s commitment to clean energy solutions, responsible mining practices, and leadership in sustainable mining aligns with its mission to support global financial sovereignty and promote widespread access to Bitcoin.
This acquisition marks a significant leap in CleanSpark’s operations, setting a new standard for the integration of cryptocurrency mining to benefit communities and the environment at large. The company remains dedicated to pursuing opportunities that align with its vision for a more sustainable and equitable digital assets ecosystem.