BitcoinTechnologyBusiness

CleanSpark Acquires 86 MW Mining Facility for More Than $16 Million

748536

CleanSpark, a North American Bitcoin mining company that focuses on the sustainability of mining, has acquired an active mining facility from Waha Technologies. Currently the acquisition adds more than 36 MW to the mining capacity of CleanSpark, however, it is scalable up to 86 MW.

In other words, CleanSpark has currently grown its capacity by 1.1 exahashes per second (EH/s), but has the potential to increase it up to 2.6 EH/s once the capacity of 86 MW is reached. This means that CleanSpark is able to increase its overall sustainable mining operations by 38%.

The price for the facility is $16.2 million while also purchasing more ASIC miners for its mining fleet. The company has added 3,400 Antminer S19 series miners for $8.9 million. Moreover, in June it bought 1,061 Whatsminer M30S machines and in July it acquired an additional 1,800 Antminer S19 XPs, with delivery this month. Overall, these three purchases add up to 685 petahashes per second (PH/s) once fully deployed.

Positive Feedback From Washington

Located in Washington, Georgia, this facility will be the third for the company in this state, adding to their College Park and Norcross facilities. All of these sites use low-carbon energy sources, like nuclear, as their primary source of energy. 

Mayor of Washington, Bill deGolian, has high expectations for this recent expansion:

This partnership will diversify our local industry, create rural technology jobs, expand our electric customer base, and invest in our community.

Zach Bradford, CEO of CleanSpark was also pleased with the acquisition. Bradford stated that the company as well as the overall market were preparing all summer for this development, which is why CleanSpark was able to acquire this site.

He also added:

Our focus on sustainability and maximizing value for our stakeholders have put us in a unique position to take advantage of the unprecedented opportunities that the current market has created.

author avatar image

written by

Top stories

Stay up to date with our latest news.