CleanSpark Acquires Mawson's Georgia Bitcoin Mining Facility for $33 Million

CleanSpark Expands Bitcoin Mining Operations with Strategic Acquisition

CleanSpark, a leading crypto mining firm, has announced the acquisition of Mawson's Bitcoin mining facility in Sandersville, Georgia, for $33 million. This deal is expected to significantly enhance CleanSpark's mining capabilities and hash rate.

Immediate Hash Rate Increase and Future Projections

The acquisition is set to add 1.4 exahashes per second (EH/s) to CleanSpark's hash rate in the coming months. By the end of next year, the company anticipates its total hash rate to reach 7.0 EH/s, showcasing a strong growth trajectory.

Investment in Advanced Mining Equipment

As part of the agreement, CleanSpark will purchase 6,468 last-generation mining ASICs for $9.5 million, equivalent to $17 per terahash. These machines, already operational at the acquired site, will immediately contribute over 558 petahashes per second (PH/s) to the company's computing power.

Strategic Move to Strengthen Market Position

This acquisition underscores CleanSpark's commitment to expanding its Bitcoin mining operations and improving its competitive edge in the crypto mining industry. The deal aligns with the company's goals of increasing efficiency and scalability in its mining activities.

CleanSpark's strategic investment in both infrastructure and advanced mining equipment positions it for sustained growth and higher profitability in the evolving cryptocurrency landscape.