Why Shares Of Bitcoin Miner CleanSpark Are Climbing Today
Portfolio Pulse from Adam Eckert
CleanSpark Inc (NASDAQ:CLSK) shares are trading higher after the company announced it will acquire two turnkey bitcoin mining campuses in Georgia for $9.3 million. The all-cash deal is expected to close later this week and add just under one exahash per second (EH/s) to CleanSpark's hashrate. The company aims to reach a year-end target of 16 EH/s.
June 21, 2023 | 7:08 pm
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CleanSpark's acquisition of two bitcoin mining campuses in Georgia for $9.3 million will boost its hashrate and help reach its year-end target of 16 EH/s.
The acquisition of the two bitcoin mining campuses will increase CleanSpark's hashrate, positioning the company as one of the most power-efficient miners. This will likely have a positive impact on the company's stock price in the short term, as it demonstrates growth and expansion in the bitcoin mining sector.
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