CleanSpark To Acquire Seven Bitcoin Mining Facilities For Total Cash Payments Of $27.5M; Now Expects To Achieve 37 EH/s Before End Of 2024
Portfolio Pulse from Benzinga Newsdesk
CleanSpark is set to acquire seven Bitcoin mining facilities for $27.5 million in cash, aiming to reach a hash rate of 37 EH/s by the end of 2024.
September 11, 2024 | 1:02 pm
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CleanSpark is acquiring seven Bitcoin mining facilities for $27.5 million, which is expected to boost its hash rate to 37 EH/s by the end of 2024.
The acquisition of additional mining facilities is a strategic move to increase CleanSpark's mining capacity, which is likely to enhance its revenue potential and market position in the Bitcoin mining industry. This expansion aligns with the company's growth objectives, suggesting a positive short-term impact on its stock price.
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