CleanSpark Enters Into Definitive Agreements To Acquire Three Turnkey Bitcoin Mining Facilities In Mississippi For A Cash Payment Of $19.8M
Portfolio Pulse from Benzinga Newsdesk
CleanSpark Inc. has announced the acquisition of three turnkey bitcoin mining facilities in Mississippi for $19.8 million, aiming to increase its operating hashrate to 2.4 EH/s. This expansion also includes the acquisition and development of a third site in Dalton, GA, which will contribute to reaching the same hashrate level.
February 06, 2024 | 2:06 pm
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CleanSpark Inc. acquires three bitcoin mining facilities in Mississippi for $19.8M, aiming for a 2.4 EH/s hashrate, alongside expanding in Dalton, GA.
The acquisition and expansion signify a significant increase in CleanSpark's bitcoin mining capabilities, which is likely to be viewed positively by investors. The investment in infrastructure and the expected increase in hashrate could lead to higher efficiency and potentially greater profitability, thus positively impacting the stock price in the short term.
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