Bitcoin mining company CleanSpark has significantly expanded its operations with the acquisition of five turnkey mining facilities in Georgia. The company announced the $25.8 million cash deal on Tuesday, with an expected immediate closing.
These new facilities are expected to contribute significantly to CleanSpark’s hashrate. Once fully operational with the latest generation S21 pro miners, the combined hashrate is projected to exceed 3.7 exahashes per second (EH/s). This acquisition brings CleanSpark closer to achieving its mid-year target of 20 EH/s operating hashrate.
“These facilities offer a dual benefit,” said CEO Zach Bradford. “They not only enhance our ability to manage energy loads for partnering cities, but also guarantee we’ll reach our 20 EH/s target by mid-year. This move reinforces our commitment to efficient and sustainable bitcoin mining, and we’re thrilled to integrate these facilities into CleanSpark’s unique mining approach.”
The five facilities range in size from 8 to 15 megawatts (MW), adding a total of 60 MW to CleanSpark’s existing infrastructure in Georgia, which currently sits at around 300 MW. This latest acquisition follows CleanSpark’s expansion into Wyoming last month, where they purchased two mining sites with 75 MW capacity for $18.75 million. The company also has a presence in Mississippi and co-locates mining machines in upstate New York.
CleanSpark’s mining efforts are showing strong results. In May, their first full month of operation following the April halving event, the company mined 417 bitcoin. As of May 31st, they hold a total of 6,154 bitcoin and boast a current hashrate of 17.97 EH/s.
