Bitcoin Mining Company CleanSpark Acquires 86 MW Mining Facility

  • CleanSpark acquired an operationally prepared bitcoin mining facility in Washington, Georgia.
  • The power was owned by bitcoin mining firm Waha Applied sciences and is scalable to 86 MW.
  • CleanSpark additionally bought a further 3,400 Antminers which can add over 340 PH/s to the corporate’s hash price capability.

CleanSpark Inc, a North American sustainable Bitcoin mining firm, has acquired an energetic mining facility in Washington, Georgia for $16.2 million, per a press launch despatched to Bitcoin Journal.

“This partnership will diversify our native business, create rural know-how jobs, increase our electrical buyer base, and put money into our neighborhood,” stated Washington Mayor Invoice deGolian.

This acquisition is scalable and might add as much as 86 megawatts (MW) or 2.6 exahashes per second (EH/s) to the rising capability of CleanSpark. At present, the power operates at 36 MW with a hash price of 1.1 EH/s rising the sustainable miners hash price by 38%.

CleanSpark will fill the preliminary capability of 36 MW with machines which have already been bought and are in stock, however the acquisition permits the corporate unique rights to scale the power to the aforementioned 86 MW.

Moreover, the corporate has bought 3,400 further Antminer S19 collection miners for $8.9 million, which can bolster the corporate’s hash price by 340 petahashes per second (PH/s) as soon as totally deployed.

This most up-to-date acquisition marks the third sustainable facility CleanSpark has situated in Georgia, with the opposite two being in Faculty Park and Norcross. All of those areas primarily use low-carbon vitality sources, equivalent to nuclear vitality.

Really, marketwide capitulations have staggered many within the bitcoin ecosystem. Those self same market circumstances created the chance for CleanSpark to buy this facility initially helmed by Waha Applied sciences, one other sustainable bitcoin mining firm.

“The market has been making ready all summer season for consolidation, and we’re happy to be on the buying aspect,” stated Zach Bradford, CEO of CleanSpark.

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