CleanSpark Acquires Five Turnkey Bitcoin Mining Facilities In Georgia For $25.8M; Expected To Increase Operating Hashrate To Over 20 EH/s By Month's End; Facilities To Provide Load Balancing For Local Electric Municipal Cooperatives
Portfolio Pulse from Benzinga Newsdesk
CleanSpark has acquired five turnkey Bitcoin mining facilities in Georgia for $25.8 million. This acquisition is expected to increase their operating hashrate to over 20 EH/s by the end of the month. The facilities will also provide load balancing for local electric municipal cooperatives.
June 18, 2024 | 1:02 pm
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CleanSpark's acquisition of five Bitcoin mining facilities in Georgia for $25.8 million is expected to significantly increase their operating hashrate to over 20 EH/s by the end of the month. This move will likely enhance their revenue and operational efficiency.
The acquisition directly impacts CleanSpark's operational capacity and revenue potential. Increasing the hashrate to over 20 EH/s will enhance their mining efficiency and profitability. Additionally, providing load balancing for local electric cooperatives may foster positive community relations and operational stability.
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