tl;dr
CleanSpark, a Bitcoin mining company, has announced plans to acquire five turnkey mining sites in rural Georgia, U.S., amid a market downturn and ongoing miner capitulation. The acquisition, valued at $25.8 million, is expected to increase the company's operating hashrate to over 3.7 exahashes per s...
CleanSpark, a Bitcoin mining company, has announced plans to acquire five turnkey mining sites in rural Georgia, U.S., amid a market downturn and ongoing miner capitulation. The acquisition, valued at $25.8 million, is expected to increase the company's operating hashrate to over 3.7 exahashes per second upon completion.
CleanSpark's CEO, Zach Bradford, views this move as a significant milestone in the company's growth strategy, aiming to achieve 20 EH/s of operating hashrate by mid-year. The decision to expand mining operations during miner capitulation has garnered global attention.
The sites range from 8 MW to 15 MW, totaling 60 MW. CleanSpark's stock (Nasdaq: CLSK) experienced a 0.51% increase, trading at $19.34, while Bitcoin's price dropped to $64,354.69. The move to bolster operations amidst miner capitulation is seen as a positive development for the mining industry.
As per an official press release, the five turnkey sites will be acquired by CleanSpark via definitive agreements for $25.8 million, with the operating hashrate of the combined facilities likely to exceed 3.7 exahashes per second upon completion of the S21 pro miner installation.
CleanSpark's CEO, Zach Bradford, stated, “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."
The decision to streamline BTC mining operations amid miner capitulation has garnered significant attention across the globe. The five sites range from 8 MW to 15 MW, for a total of 60 MW.
Intriguingly, CleanSpark’s decision to enhance operational endeavors amid ongoing Bitcoin miner capitulation glimmers hope for the mining industry ahead. Meanwhile, CleanSpark (Nasdaq: CLSK) saw a 0.51% uptick at press time to $19.34. It’s also worth mentioning that the BTC price saw a significant slip to the $64K mark today, trading at $64,354.69 while writing.
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ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of electric vehicles and batteries.
Industry: Technology
Sector: General
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Company: MicroStrategy Incorporated
Business Profile: MicroStrategy Incorporated provides global business analysis software and services. The company is headquartered in Tysons Corner, Virginia.
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