Person holding smartphone with web page of CleanSpark Inc. in front of logo. Source: Timon - stock.adobe.com

Key Takeaways:

CleanSpark announces a $25.8 million acquisition of five Bitcoin mining facilities in Georgia, adding 3.7 EH/s to its processing power.
The new facilities will increase CleanSpark’s total hashrate to over 20 EH/s by the end of June, with a combined capacity of 60 megawatts.
This acquisition supports local energy infrastructure and aligns with a broader push for U.S.-based Bitcoin mining, including CleanSpark’s involvement in “The Bitcoin Voter Project.”

CleanSpark, an American Bitcoin mining company focused on clean energy, has announced a $25.8 million agreement to acquire five mining facilities in Georgia.

The deal, expected to close immediately, will add over 3.7 exahashes per second (EH/s) to CleanSpark’s processing power, potentially boosting the company’s total hashrate to over 20 EH/s by the end of June.

Today we announced the acquisition of 5 new #bitcoin mining sites in Georgia equivalent to 60 MW of infrastructure. The purchase is expected to close immediately and increase $CLSK's #hashrate by 3.7 EH/s upon full installation of already purchased S21 Pro miners.

"Our…
— CleanSpark Inc. (@CleanSpark_Inc) June 18, 2024

The new sites, with capacities ranging from 8 to 15 megawatts, total 60 megawatts and include power purchase agreements for local grid load-balancing.

CEO Zach Bradford emphasized the benefits for local energy infrastructure and the achievement of the company’s mid-year hashrate goal.

This acquisition aligns with increased focus on U.S. Bitcoin mining, following former President Trump’s advocacy for domestic Bitcoin production.

The future is now. Choose #Bitcoin pic.twitter.com/lwMmp4HQRl
— Bitcoin Voter Project (@BitcoinVoter) June 13, 2024

In response, industry leaders, including CleanSpark, have launched “The Bitcoin Voter Project,” a nonprofit aimed at educating voters about the digital asset and blockchain industry.