CleanSpark has announced the acquisition of two new Bitcoin mining sites in Mississippi for $5.775 million, adding 16.5 megawatts (MW) to its capacity. Additionally, the company closed on its second site in Wyoming, expected to add 3 exahashes per second (EH/s) to its hashrate upon completion.
New Site Acquisition
CleanSpark acquired two new Bitcoin mining sites in Mississippi for $5.775 million. The new sites will add 16.5 MW to the company's total capacity, demonstrating its drive to increase market share and resilience amid challenging market conditions.
Hashrate Increase
The company closed on its second site in Wyoming, expected to add 3 EH/s to its hashrate upon completion. According to CEO Zach Bradford, CleanSpark's operational capacity has soared by 38% over the last seven days, totaling 211.5 MW of new capacity.
Future Plans
The company aims to reach a hashrate of 37 EH/s by the end of 2024 and 50 EH/s in 2025. The new sites in Mississippi will be equipped with Bitmain's Antminer S21 Pro miners, adding approximately 1 EH/s to CleanSpark's operating hashrate. These moves reflect the company's confidence in the future of Bitcoin and its role in the global economy.
Despite challenging market conditions, CleanSpark continues to expand and demonstrate confidence in the future of Bitcoin, aiming to increase its market share and achieve long-term power goals.
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