On October 11, public-listed Bitcoin miner Cleanspark announced that it had completed the acquisition of Mawson Infrastructure Group’s Georgia-based Bitcoin mining facility. Post-acquisition, Cleanspark says it currently manages 220 megawatts (MW) of Bitcoin miners with a hashrate of over 4.7 exahash per second (EH/s).
Cleanspark Hashrate Nears 5 Exahash, Company Gets 6,500 Mining Rigs From Facility Acquisition
Clean Spark (Nasdaq: CLSK) revealed Tuesday that the mining firm has completed the acquisition of Mawson’s Georgia-based Bitcoin mining facility in Sandersville. According to Cleanspark, the acquisition included 6,500 mining rigs, or roughly 560 petahashes per second (PH/s) of hashing power.
According to Cleanspark, the Sandersville site is the fourth public Bitcoin miner facility in Georgia. Other Cleanspark-operated locations are in Washington, College Park, and Norcross.
“Mawson has built a world-class facility staffed by an amazing team. We will continue their work in Sandersville with guidance of 22.4 EH/s by the end of 2023,” said Zach, CEO of Cleanspark. Bradford said in a statement on Tuesday.
Cleanspark’s hashrate increase follows Bitcoin’s total hashrate tapping all-time high (ATH) on October 5, 2022, and network mining difficulty reaching ATH on October 10 It follows. Current ATH and Bitcoin (Bitcoin) prices are just above the $19,000 range, with headwinds exerting significant pressure. Bitcoin A miner trying to maximize profits.
Cleanspark CEO Zach Bradford has said in the past that the company managed to avoid the crypto winter, chance during a recession. In addition to acquiring Mawson’s facility, Cleanspark has acquired thousands of Bitcoin miners at discounted prices.
“At the end of last year’s bull market, we strategically focused on building infrastructure instead of following the then industry trend of pre-ordering equipment months in advance,” said Bradford. Said at the time.
After publication and at the time of writing, CLSK The stock traded on the Nasdaq is up 3.05%. However, six-month statistics show that CLSK’s share price against the US dollar has fallen by 70.08%, and his CLSK has fallen by 68.77% year-to-date.
Since its presence in Georgia, Cleanspark has announced that the company has invested “$275 million in communities in Georgia” and created “more than 80 highly skilled jobs, scholarships and various community sponsorships” in the region. ‘ has been provided.
What do you think about Cleanspark’s completed acquisition of Mawson’s Georgia-based mining data center? Let us know your thoughts on the matter in the comments section below.
image credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. This is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. Bitcoin.com It is not intended to provide investment, tax, legal or accounting advice. NEITHER THE COMPANY NOR THE AUTHOR WILL BE LIABLE, DIRECTLY OR INDIRECTLY, FOR ANY DAMAGE OR LOSS ARISING OR ALLEGED TO OCCUR ARISING OUT OF OR RELATING TO YOUR USE OF OR RELIANCE ON ANY CONTENT, PRODUCTS OR SERVICES DESCRIBED IN THIS ARTICLE. We are not responsible.