CleanSpark is set to acquire seven Bitcoin mining sites in Tennessee, along with associated properties, for $27.5 million, according to a Sept. 11 statement.
The miner stated that these facilities have a combined power capacity of 85 megawatts (MW), which means the deal equates to about $324,000 per MW.
The company expects to finalize the acquisitions at each site by Sept. 25.
Hash rate increase
CleanSpark noted that the new sites are expected to reach a total hash rate of 5 exahashes per second (EH/s) once the latest S21 Pro miners are fully installed. This is projected to increase its current hash rate by over 22%.
Zach Bradford, CleanSpark’s CEO, said the company could reach 37 EH/s by the end of 2024 with the addition of the new facilities while also highlighting the firm’s progress in energizing its Dalton 4 campus last week, which helped it to exceed 23 EH/s.
Bradford also emphasized the company’s strategy of capitalizing on favorable market conditions for mining server purchases. He said:
“As we’ve previously discussed, our timing of the market on mining server purchases intentionally locked in low prices so that we could take advantage of opportunities like this and immediately fill acquired data center space. The GRIID acquisition, our recent closing in Wyoming, and now this new transaction represents the continued execution of our growth strategy. “
He further noted that Tennessee offers a political and energy environment similar to Georgia, where CleanSpark has already invested nearly $1 billion and operates close to 500 MW.
Despite the acquisition news, the company’s stock value declined. According to Yahoo Finance data, CLSK was trading down approximately 2%, at $9.19 as of press time.
Bitcoin production
This acquisition comes shortly after CleanSpark announced it had mined 478 BTC in August and increased its operational hashrate by 1.4 EH/s. The firm stated that it held 7,558 BT as of Aug. 31.
It added:
“The Company sold 2.5 bitcoin in August 2024 at an average price of approximately $56,729 per bitcoin. The average hashrate throughout the month of August was 21.3 EH/s resulting in an average of 15.43 bitcoin mined daily and a single day high of 17.88.”
you are in reality a good webmaster The website loading velocity is amazing It sort of feels that youre doing any distinctive trick Also The contents are masterwork you have done a fantastic job in this topic
can i order cheap clomiphene online generic clomid pill can i purchase generic clomiphene without rx how to get generic clomiphene no prescription can you get generic clomiphene without insurance buy generic clomiphene no prescription clomid generic cost
The reconditeness in this tune is exceptional.
Thanks on putting this up. It’s well done.
how to buy azithromycin – buy generic tetracycline for sale buy flagyl 400mg pill
order rybelsus 14 mg pills – buy cyproheptadine 4mg pills order cyproheptadine 4 mg sale
order domperidone 10mg sale – purchase tetracycline order flexeril 15mg without prescription
augmentin 625mg over the counter – https://atbioinfo.com/ ampicillin buy online
buy nexium 20mg – https://anexamate.com/ order nexium 40mg pill
coumadin 2mg brand – cou mamide buy cozaar online
order mobic 7.5mg sale – https://moboxsin.com/ brand mobic 7.5mg
buy deltasone 20mg sale – https://apreplson.com/ prednisone 5mg us
new ed pills – pills for erection buy best erectile dysfunction pills
cost amoxicillin – https://combamoxi.com/ buy amoxicillin generic
diflucan us – buy fluconazole medication diflucan 100mg usa
buy cheap generic cenforce – https://cenforcers.com/# cenforce price
vidalista tadalafil reviews – ciltad genesis cialis free trial canada
how to get ranitidine without a prescription – order zantac 300mg online cheap order ranitidine 150mg online cheap
cialis las vegas – https://strongtadafl.com/# generic tadalafil 40 mg
I couldn’t hold back commenting. Adequately written! coupon para lasix
cheap viagra online in uk – https://strongvpls.com/# viagra sale walgreens
This is the big-hearted of literature I rightly appreciate. https://buyfastonl.com/isotretinoin.html
More articles like this would remedy the blogosphere richer. https://ursxdol.com/levitra-vardenafil-online/
More text pieces like this would insinuate the web better. https://prohnrg.com/product/loratadine-10-mg-tablets/
This is the kind of literature I positively appreciate. propecia effets secondaires
I couldn’t turn down commenting. Adequately written! https://ondactone.com/product/domperidone/
More articles like this would frame the blogosphere richer.
buy topamax 100mg for sale
More posts like this would make the blogosphere more useful. http://web.symbol.rs/forum/member.php?action=profile&uid=1171353
buy forxiga medication – https://janozin.com/# order dapagliflozin online
order orlistat online – janozin.com orlistat 120mg sale