Bitcoin miner CleanSpark has significantly bolstered its hash rate with the acquisition of five turnkey mining facilities in Georgia. The company announced the $25.8 million cash deal on Tuesday, stating the purchase is expected to close immediately.
The new facilities boast a combined operating hashrate exceeding 3.7 exahashes per second (EH/s) upon full deployment of the latest generation S21 pro miners. This acquisition significantly boosts CleanSpark’s hashrate, bringing them closer to their mid-year target of 20 EH/s.
“These facilities not only improve our ability to balance energy loads with local municipalities, but also guarantee we’ll reach our 20 EH/s target by mid-year,” said CEO Zach Bradford. “This move underscores our commitment to efficient and sustainable bitcoin mining, and we’re excited to integrate these facilities into CleanSpark’s unique mining approach.”
The five facilities range from 8 to 15 megawatts (MW) in size, adding a total of 60 MW to CleanSpark’s existing infrastructure. The company currently operates around 300 MW of infrastructure in Georgia.
This latest acquisition follows CleanSpark’s purchase of two bitcoin mining sites in Wyoming last month, adding 75 MW of capacity for $18.75 million. They also have operations in Mississippi and co-locate mining machines in upstate New York.
