On October 11, the publicly-listed bitcoin miner Cleanspark introduced that it has accomplished the acquisition of Mawson Infrastructure Group’s Georgia-based bitcoin mining facility. Following the acquisition, Cleanspark says it now manages 220 megawatts (MW) of bitcoin miners with a hashrate of over 4.7 exahash per second (EH/s).
Cleanspark Hashrate Moves Closer to five Exahash, Firm Obtains 6,500 Mining Rigs From the Facility Acquisition
Cleanspark (Nasdaq: CLSK) revealed on Tuesday that the mining agency has completed the acquisition of Mawson’s Georgia-based bitcoin mining facility situated in Sandersville. The acquisition, Cleanspark says, included 6,500 mining rigs or roughly 560 petahash per second (PH/s) of hashpower.
According to Cleanspark, the Sandersville web site is the publicly-listed bitcoin miner’s fourth facility in Georgia. The different places Cleanspark operates are situated in Washington, College Park, and Norcross.
“Mawson has built a world-class facility, staffed by an incredible team, and we are looking forward to continuing their work in Sandersville, eventually building this site to its full potential of 230 MW as we work toward our 2023 year-end guidance of 22.4 EH/s,” Zach Bradford, Cleanspark’s CEO, stated on Tuesday in an announcement.
Cleanspark’s elevated hashrate follows Bitcoin’s complete hashrate tapping an all-time excessive (ATH) on October 5, 2022, and the community’s mining problem reaching an ATH on October 10. With the present problem ATH and bitcoin’s (BTC) worth simply barely above the $19K vary, the headwinds have put vital strain on BTC miners seeking to maximize earnings.
Cleanspark’s CEO Zach Bradford has talked about up to now that the corporate managed to chase away the crypto winter and it additionally managed to seek out alternatives in the course of the downturn. In addition to buying Mawson’s facility, Cleanspark acquired hundreds of bitcoin miners at a reduction.
“During the tail end of the bull market last year, we strategically focused on building infrastructure instead of following the then industry trend of pre-ordering equipment months in advance,” Bradford stated on the time.
Following the announcement and on the time of writing, CLSK shares traded on Nasdaq are up 3.05%. Six-month statistics, nevertheless, present CLSK shares are down 70.08% towards the U.S. greenback and year-to-date, CLSK is down 68.77%.
Since it entered Georgia, Cleanspark says that the agency has invested “$275 million in Georgia communities” and it has offered “over 80 highly skilled and skilled jobs, scholarships, and various community sponsorships” within the area.
What do you consider Cleanspark ending up the acquisition of Mawson’s Georgia-based mining information heart? Let us know what you consider this topic within the feedback part beneath.
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