In line with a Sept. 11 assertion, CleanSpark plans to amass seven bitcoin mining amenities and associated property in Tennessee for $27.5 million.
The mining firm mentioned the amenities have a mixed producing capability of 85 megawatts (MW) and the contract worth is equal to roughly $324,000 per MW.
The corporate plans to finish the acquisition of every location by September twenty fifth.
Improve in hashrate
CleanSpark famous that after the newest S21 Professional miner is absolutely put in, the brand new web site is predicted to succeed in a complete hash price of 5 exahashes per second (EH/s), a projected enhance of over 22% on the present hash price.
CleanSpark CEO Zach Bradford mentioned the addition of the brand new facility will allow the corporate to succeed in 37 EH/s by the top of 2024, and he additionally highlighted progress made final week in delivering power to its Dalton 4 campus, which he mentioned has surpassed 23 EH/s.
Bradford additionally highlighted the corporate's technique to reap the benefits of favorable market situations to buy mining servers.
“As we’ve beforehand mentioned, our market timing for mining server purchases was intentionally anchored at a low worth to permit us to reap the benefits of such alternatives and shortly fill the info middle area we acquired. WyomingAnd this new transaction represents the continued execution of our development technique.”
He additionally famous that Tennessee has an analogous political and power atmosphere to Georgia, the place CleanSpark has already invested almost $1 billion and operates an almost 500MW energy plant.
Regardless of the acquisition information, the corporate's shares fell: At press time, CLSK was down about 2% and buying and selling at $9.19, in line with knowledge from Yahoo Finance.
Bitcoin Manufacturing
The acquisition comes shortly after CleanSpark introduced that it mined 478 BTC in August, rising its operational hashrate by 1.4 EH/s. The corporate mentioned it held 7,558 BTC as of Aug. 31.
He added:
“The Firm offered 2.5 Bitcoins in August 2024 at a mean worth of roughly $56,729 per Bitcoin. The typical hash price in August was 21.3 EH/s, with a mean of 15.43 Bitcoins mined per day, with a every day excessive of 17.88.”
