CleanSpark Acquires Turnkey Bitcoin Mining Facilities For $9.3M

CleanSpark Inc CLSK has agreed to acquire two turnkey bitcoin mining campuses in Dalton, Georgia, for $9.3 million in cash.

The facilities are expected to add just under 1 exahash per second (EH/s) to CleanSpark's hashrate. The two facilities will host over 6,000 Antminer S19 XPs and S19J Pro+s.

CLSK's liquidity, in cash and bitcoin, was ~$15.6 million as of March 31, 2023.  

"This acquisition ensures that we have more than enough infrastructure to reach our year-end target of 16 EH/s. It also continues to position us as one of the most power-efficient miners on an energy-per-hashrate basis," commented Zach Bradford, CEO of CleanSpark. 

Earlier this month, CleanSpark purchased 12,500 brand-new Antminer S19 XP machines at a discounted price.

Price Action: CLSK shares are trading higher by 5.44% at $4.65 on the last check Wednesday.