CleanSpark is ready to accumulate seven Bitcoin mining websites in Tennessee, together with related properties, for $27.5 million, in keeping with a Sept. 11 assertion.
The miner said that these amenities have a mixed energy capability of 85 megawatts (MW), which implies the deal equates to about $324,000 per MW.
The corporate expects to finalize the acquisitions at every website by Sept. 25.
Hash price improve
CleanSpark famous that the brand new websites are anticipated to succeed in a complete hash price of 5 exahashes per second (EH/s) as soon as the newest S21 Professional miners are totally put in. That is projected to extend its present hash price by over 22%.
Zach Bradford, CleanSpark’s CEO, stated the corporate may attain 37 EH/s by the tip of 2024 with the addition of the brand new amenities whereas additionally highlighting the agency’s progress in energizing its Dalton 4 campus final week, which helped it to exceed 23 EH/s.
Bradford additionally emphasised the corporate’s technique of capitalizing on favorable market circumstances for mining server purchases. He stated:
“As we’ve beforehand mentioned, our timing of the market on mining server purchases deliberately locked in low costs in order that we may benefit from alternatives like this and instantly fill acquired knowledge middle area. The GRIID acquisition, our latest closing in Wyoming, and now this new transaction represents the continued execution of our development technique. “
He additional famous that Tennessee provides a political and power setting much like Georgia, the place CleanSpark has already invested practically $1 billion and operates near 500 MW.
Regardless of the acquisition information, the corporate’s inventory worth declined. In response to Yahoo Finance knowledge, CLSK was buying and selling down roughly 2%, at $9.19 as of press time.
Bitcoin manufacturing
This acquisition comes shortly after CleanSpark introduced it had mined 478 BTC in August and elevated its operational hashrate by 1.4 EH/s. The agency said that it held 7,558 BT as of Aug. 31.
It added:
“The Firm offered 2.5 bitcoin in August 2024 at a mean value of roughly $56,729 per bitcoin. The common hashrate all through the month of August was 21.3 EH/s leading to a mean of 15.43 bitcoin mined day by day and a single day excessive of 17.88.”
