Cleanspark Inc.
CleanSpark Announces Acquisition of Two Bitcoin Mining Facilities
Summary
CleanSpark, Inc. announced the acquisition of three turnkey bitcoin mining facilities in Mississippi for $19.8 million and a third facility under construction in Dalton, GA, for an initial $3.4 million. The company plans to invest an additional $3.5 million in the GA facility, aiming for an operational date in April 2024. These acquisitions are expected to bring CleanSpark's total operational hashrate to 20 EH/s in the first half of 2024, with the Mississippi facilities contributing 2.4 EH/s and the Dalton facility 2.4 EH/s. CleanSpark expects to fund these acquisitions with cash on hand.
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About Cleanspark Inc.
Cleanspark Inc. is a technology company primarily focused on providing advanced energy software and control technology solutions. The company's main objective is to help customers achieve energy efficiency and maximize cost savings through its innovative microgrid design and energy analytics. Cleanspark Inc. offers services to a wide range of markets including commercial, industrial, and residential sectors, as well as unique solutions for military and municipal applications. Its solutions empower users to take control of their power needs by integrating multiple power sources, energy storage, and intelligent control systems. As the demand for sustainable and resilient energy solutions increases, Cleanspark Inc. plays a significant role in the transition towards more decentralized and efficient energy systems, aligning with global sustainability trends and energy independence initiatives.
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