Bitcoin Miner Cleanspark Completes Sandersville Facility Acquisition, Firm’s Hashrate Now 4.7 Exahash – Mining Bitcoin News

On October 11, the publicly-listed bitcoin miner Cleanspark announced that it has completed the acquisition of Mawson Infrastructure Group’s Georgia-based bitcoin mining facility. Cleanspark claims that it now has 220 megawatts, (MW), of bitcoin mining facilities with an average of 4.7 exahash per sec (EH/s), under its control.

Cleanspark Hashrate Gets Nearer to 5 Exahash. The Facility Acquisition Resulted in 6,500 Mining Rigs.

Cleanspark (Nasdaq: CLSK) revealed on Tuesday that the mining firm has finished the acquisition of Mawson’s Georgia-based bitcoin mining facility located in Sandersville. Cleanspark claims that the acquisition included 6500 mining rigs and approximately 560 petahash/s (PH/s), of hashpower.

According to Cleanspark, the Sandersville site is the publicly-listed bitcoin miner’s fourth facility in Georgia. Cleanspark also operates locations in Washington, College 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, said on Tuesday in a statement.

Cleanspark’s increased hashrate follows Bitcoin’s total hashrate tapping an all-time high (ATH) on October 5, 2022, and the network’s mining difficulty reaching an ATH on October 10. With the current difficulty ATH and bitcoin’s (BTC) price just barely above the $19K range, the headwinds have put significant pressure on BTC miners looking to maximize profits.

Cleanspark’s CEO Zach Bradford has mentioned in the past that the company managed to ward off the crypto winter and it also managed to find opportunities during the downturn. In addition to acquiring Mawson’s facility, Cleanspark acquired thousands of bitcoin miners at a discount.

“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 said at the time.

CLSK shares on Nasdaq were up 3.05% after the announcement. CLSK shares were down 70.08% over six months, while CLSK is down 68.17% year-to-date.

Since it entered Georgia, Cleanspark says that the firm has invested “$275 million in Georgia communities” and it has provided “over 80 highly skilled and skilled jobs, scholarships, and various community sponsorships” in the region.

This story contains tags
4.7 EH/s, 4.7 exahash per second, Acquisition, Bitcoin (BTC), Bitcoin Miners, BTC, BTC Mining, Cleanspark, Cleanspark CEO, Cleanspark hashrate, Cleanspark’s executive chairman, crypto mining, Crypto Winter, crypto winter opportunities, Georgia, Mawson Infrastructure Group, mining, mining rigs, Sandersville site, Zach Bradford

What do you think about Cleanspark finishing up the acquisition of Mawson’s Georgia-based mining data center? Comment below and let us know how you feel about the subject.

Jamie Redman

Jamie Redman is the News Lead for News. He also lives in Florida and works as a journalist covering financial technology. Redman joined the cryptocurrency community in 2011 and has been involved since then. Since 2011, Redman has been an active member of the cryptocurrency community. Redman is a prolific writer for News, with over 6,000 articles on disruptive protocols.

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