CleanSpark buys seven Bitcoin mining facilities

Full story: https://grafa.com/news/technology-cleanspark-buys-seven-bitcoin-mining-facilities-273606

CleanSpark (NASDAQ:CLSK), known as America's Bitcoin Miner®, has announced a strategic expansion through the acquisition of seven bitcoin mining facilities and related land in the Knoxville area, for a total investment of $27.5 million, equating to approximately $324,000 per megawatt.

This significant acquisition underscores the Company's commitment to enhancing its infrastructure and capitalizing on market-leading valuations.

The deal, set to be finalized by September 25, 2024, will notably increase CleanSpark's operational capacity.

The facilities, which collectively encompass 85 MW, ranging from 10 MW to 20 MW per site, will contribute an additional 5 exahashes per second (EH/s) to the company's total hashrate.

This represents a more than 22% increase once the latest S21 pro miners are installed.

CleanSpark has confirmed that the miners necessary for this expansion have already been delivered and will be installed immediately after each site's acquisition is completed.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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