Despite the ongoing decline, CleanSpark Bitcoin Miner has recently revealed plans to acquire 5 turnkey sites for BTC mining operations.
CleanSpark, a Bitcoin mining company, has recently disclosed its intentions to acquire additional mining infrastructure in rural Georgia, United States. According to a recent report, the BTC mining colossus is considering acquiring five turnkey sites in Georgia for mining operations.
It is important to note that CleanSpark’s acquisition intentions were announced at a critical juncture in the market. Amid an ongoing miner capitulation and a substantial decline in the price of Bitcoin, the company implemented a proactive strategy.
CleanSpark Secures $26 Million in Deals
CleanSpark will acquire the five turnkey sites for a staggering $25.8 million through definitive agreements, as stated in an official press release dated June 18. Concurrently, the operating hashrate of the combined facilities is anticipated to surpass 3.7 exahashes per second (EH/s) upon the conclusion of the S21 pro miner installation.
In the interim, CEO of CleanSpark, Zach Bradford, declared, “Our acquisition of these five new mining sites marks a significant milestone in our strategic growth plan and represents the leading edge of nearly one gigawatt of new opportunities being analyzed by our teams.” These sites improve the load-balancing capabilities of the local communities with which we collaborate and ensure that our mid-year target of 20 EH/s of operating hashrate is met.
The decision to optimize BTC mining operations in the face of a miner capitulation has garnered substantial global attention. The total capacity of the five sites is 60 MW, with capacities ranging from 8 MW to 15 MW, respectively.
Additional Information On CleanSpark
CleanSpark’s decision to improve operational endeavors in the face of ongoing Bitcoin miner capitulation is intriguing, as it hints at the potential for the mining industry in the future. CleanSpark (Nasdaq: CLSK) experienced a 0.51% increase to $19.34 at press time.
It is also important to note that the BTC price experienced a substantial decline to the $64K mark today, trading at $64,354.69 at the time of writing. A recent report by CoinGape Media highlighted miners’ recent offloading of significant quantities of BTC, which is consistent with the capitulation.
