- It is expected that CleanSpark’s acquisition of five turnkey bitcoin mining operations will result in an operating hashrate exceeding 3.7 EH/s.
- In May, the first full month of operations after April’s halving event, CleanSpark mined 417 bitcoin. As of May 31, it possessed 6,154 bitcoin.
For a cash payment of $25.8 million, CleanSpark has acquired five turnkey bitcoin mining operations located in Georgia.
The firm released a press release stating that the purchase is expected to conclude soon and that, once the newest generation S21 pro miners are fully installed, the combined facilities’ operating hashrate is likely to exceed 3.7 exahashes per second (EH/s).
CEO Zach Bradford stated, “These sites not only lock in the achievement of our mid-year target of achieving 20 EH/s of operating hashrate, but also improve the load balancing capabilities for the local cities we work with.”
This accomplishment demonstrates our dedication to growing profitably and responsibly, and we are thrilled to integrate these facilities into the CleanSpark bitcoin mining process.
There are five sites totaling 60 MW, ranging in size from 8 MW to 15 MW. Currently, CleanSpark owns and manages around 300 MW of infrastructure in Georgia.
The announcement on Tuesday was made a little more than a month after the business paid $18.75 million in cash to purchase two bitcoin mining sites in Wyoming with 75 MW of potential power. CleanSpark also co-locates machines in upstate New York and runs infrastructure in Mississippi.
In May, the first full month of operation after April’s halving event, CleanSpark mined 417 bitcoin. As of May 31, it had 6,154 bitcoin in total with a hashrate of 17.97 EH/s.
Yahoo Finance reports that CleanSpark’s stock (ticker CLSK) has increased by more than 77% so far this year. This surpasses the rise in bitcoin that has occurred thus far this year, which stands at $65,176.48, as per The Block’s bitcoin price page.
Donald Trump, the former president of the United States, has begun endorsing bitcoin mining and met with a number of miners on June 11 at Mar-a-Lago.
I recently met a man who is passionate about bitcoin and our work at CleanSpark Inc. in Georgia, Mississippi, and Wyoming, S. Co-founder of CleanSpark Matthew Schultz wrote on X, sharing a photo of himself with President Trump.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
