On October 11, the publicly-listed bitcoin miner Cleanspark introduced that it has accomplished the acquisition of Mawson Infrastructure Group’s Georgia-based bitcoin mining facility. Following the acquisition, Cleanspark says it now manages 220 megawatts (MW) of bitcoin miners with a hashrate of over 4.7 exahash per second (EH/s).

Cleanspark Hashrate Strikes Nearer to five Exahash, Agency Obtains 6,500 Mining Rigs From the Facility Acquisition

Cleanspark (Nasdaq: CLSK) revealed on Tuesday that the mining agency has completed the acquisition of Mawson’s Georgia-based bitcoin mining facility positioned in Sandersville. The acquisition, Cleanspark says, included 6,500 mining rigs or roughly 560 petahash per second (PH/s) of hashpower.

In accordance with Cleanspark, the Sandersville website is the publicly-listed bitcoin miner’s fourth facility in Georgia. The opposite places Cleanspark operates are positioned in Washington, School Park, and Norcross.

“Mawson has built a world-class facility, staffed by an incredible team, and we are looking forward to continuing their work in Sandersville, eventually building this site to its full potential of 230 MW as we work toward our 2023 year-end guidance of 22.4 EH/s,” Zach Bradford, Cleanspark’s CEO, stated on Tuesday in an announcement.

Cleanspark’s elevated hashrate follows Bitcoin’s whole hashrate tapping an all-time excessive (ATH) on October 5, 2022, and the community’s mining problem reaching an ATH on October 10. With the present problem ATH and bitcoin’s (BTC) value simply barely above the $19K vary, the headwinds have put vital strain on BTC miners seeking to maximize earnings.

Cleanspark’s CEO Zach Bradford has talked about up to now that the corporate managed to keep off the crypto winter and it additionally managed to seek out alternatives throughout the downturn. Along with buying Mawson’s facility, Cleanspark acquired hundreds of bitcoin miners at a reduction.

“During the tail end of the bull market last year, we strategically focused on building infrastructure instead of following the then industry trend of pre-ordering equipment months in advance,” Bradford stated on the time.

Following the announcement and on the time of writing, CLSK shares traded on Nasdaq are up 3.05%. Six-month statistics, nonetheless, present CLSK shares are down 70.08% towards the U.S. greenback and year-to-date, CLSK is down 68.77%.

Because it entered Georgia, Cleanspark says that the agency has invested “$275 million in Georgia communities” and it has offered “over 80 highly skilled and skilled jobs, scholarships, and various community sponsorships” within the area.

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Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a monetary tech journalist dwelling in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 6,000 articles for Bitcoin.com News in regards to the disruptive protocols rising in the present day.

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