CleanSpark is about to accumulate seven Bitcoin mining websites in Tennessee, together with related properties, for $27.5 million, based on a Sept. 11 assertion.
The miner acknowledged that these services have a mixed energy capability of 85 megawatts (MW), which implies the deal equates to about $324,000 per MW.
The corporate expects to finalize the acquisitions at every web site by Sept. 25.
Hash fee improve
CleanSpark famous that the brand new websites are anticipated to achieve a complete hash fee of 5 exahashes per second (EH/s) as soon as the newest S21 Professional miners are totally put in. That is projected to extend its present hash fee by over 22%.
Zach Bradford, CleanSpark’s CEO, mentioned the corporate may attain 37 EH/s by the tip of 2024 with the addition of the brand new services whereas additionally highlighting the agency’s progress in energizing its Dalton 4 campus final week, which helped it to exceed 23 EH/s.
Bradford additionally emphasised the corporate’s technique of capitalizing on favorable market situations for mining server purchases. He mentioned:
“As we’ve beforehand mentioned, our timing of the market on mining server purchases deliberately locked in low costs in order that we may make the most of alternatives like this and instantly fill acquired information heart area. The GRIID acquisition, our current closing in Wyoming, and now this new transaction represents the continued execution of our development technique. “
He additional famous that Tennessee gives a political and power surroundings much like Georgia, the place CleanSpark has already invested almost $1 billion and operates near 500 MW.
Regardless of the acquisition information, the corporate’s inventory worth declined. In response to Yahoo Finance information, CLSK was buying and selling down roughly 2%, at $9.19 as of press time.
Bitcoin manufacturing
This acquisition comes shortly after CleanSpark introduced it had mined 478 BTC in August and elevated its operational hashrate by 1.4 EH/s. The agency acknowledged that it held 7,558 BT as of Aug. 31.
It added:
“The Firm bought 2.5 bitcoin in August 2024 at a median value of roughly $56,729 per bitcoin. The common hashrate all through the month of August was 21.3 EH/s leading to a median of 15.43 bitcoin mined every day and a single day excessive of 17.88.”
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