CleanSpark Acquires Mining Facility in Georgia for $33 Million
This is the second deal the company announced this week citing "a significantly reduced price".
New
Crypto mining company CleanSpark on Friday announced an agreement to acquire Mawson's bitcoin mining facility in Sandersville, Georgia, for $33 million. The deal is expected to increase CleanSpark's hash rate to 1.4 exahashes per second (EH/s) over the next few months, and to 7.0 EH/s by the end of next year.
As part of the deal, 6,468 latest-generation mining ASICs will be purchased for $9.5 million, or $17 per terahash. "These machines, already operational at the acquired site, will add more than 558 petahashes per second (PH/s) of computing power upon shutdown," the company explains.
For installation and miners, CleanSpark will pay up to $42.5 million, including up to $11 million in CleanSpark stock and $4.5 million in earnout commitments. The Georgia site can support 24,108 next-gen miners, and the company plans to expand to support 70,000 miners producing over 7.0 PE/s in 2023.
Hello buddy. $CLSK has agreed to acquire @Mawsoninc's Australia-based #bitcoin mining facility in Sandersville, GA. This is our 4th site in the state and should support 7.0 EH/s of our #hashrate.
More info: https://t.co/C9c20IYIhW#renewables #btc #sustainability pic.twitter.com/mdLmwtC5eK
— CleanSpark Inc. (@CleanSpark_Inc) S...
This is the second deal the company announced this week citing "a significantly reduced price".
New
Crypto mining company CleanSpark on Friday announced an agreement to acquire Mawson's bitcoin mining facility in Sandersville, Georgia, for $33 million. The deal is expected to increase CleanSpark's hash rate to 1.4 exahashes per second (EH/s) over the next few months, and to 7.0 EH/s by the end of next year.
As part of the deal, 6,468 latest-generation mining ASICs will be purchased for $9.5 million, or $17 per terahash. "These machines, already operational at the acquired site, will add more than 558 petahashes per second (PH/s) of computing power upon shutdown," the company explains.
For installation and miners, CleanSpark will pay up to $42.5 million, including up to $11 million in CleanSpark stock and $4.5 million in earnout commitments. The Georgia site can support 24,108 next-gen miners, and the company plans to expand to support 70,000 miners producing over 7.0 PE/s in 2023.
Hello buddy. $CLSK has agreed to acquire @Mawsoninc's Australia-based #bitcoin mining facility in Sandersville, GA. This is our 4th site in the state and should support 7.0 EH/s of our #hashrate.
More info: https://t.co/C9c20IYIhW#renewables #btc #sustainability pic.twitter.com/mdLmwtC5eK
— CleanSpark Inc. (@CleanSpark_Inc) S...What's Your Reaction?
