CleanSpark is to amass seven bitcoin mining websites in Tennessee together with related properties for $27.5 million, in response to a Sept. 11 submitting.
The miner stated the amenities have a mixed energy capability of 85 megawatts (MW), that means the deal equates to about $324,000 per MW.
The corporate expects to finish the acquisitions in every location by September 25.
Growing the hash fee
CleanSpark famous that the brand new websites are anticipated to realize a complete hash fee of 5 exahashes per second (EH/s) as soon as the most recent S21 Professional miners are totally put in. That is anticipated to extend its present hash fee by greater than 22%.
Zach Bradford, CEO of CleanSpark, stated the corporate may attain 37 EH/s by the tip of 2024 by including new amenities, whereas highlighting the agency's progress in powering its Dalton 4 campus final week, which helped it surpass 23 EH/s. with.
Bradford additionally highlighted the corporate's technique to benefit from favorable market circumstances for mining server purchases. He stated:
“As we've mentioned earlier than, our market timing for mining server purchases has been purposefully restricted to low costs in order that we will benefit from alternatives like this and instantly fill the acquired knowledge middle house. The GRIID acquisition, our latest closing Wyomingand now this new transaction represents the continued execution of our progress technique. “
He additional famous that Tennessee affords a political and power setting much like Georgia, the place CleanSpark has already invested practically $1 billion and operates practically 500 MW.
Regardless of information of the acquisition, the corporate's inventory fell. CLSK was buying and selling up about 2% at $9.19 at press time, in response to Yahoo Finance knowledge.
Bitcoin manufacturing
This acquisition comes shortly after CleanSpark introduced that it had mined 478 BTC in August and elevated its operational hashrate by 1.4 EH/s. The agency stated it held 7,558 BTs as of Aug. 31.
Added:
“The corporate bought 2.5 bitcoins in August 2024 at a mean worth of roughly $56,729 per bitcoin. The typical hashrate for the entire of August was 21.3 EH/s, which meant a mean of 15.43 bitcoins mined per day and a most of 17.88 in a single day.”
