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Bitcoin mining company CleanSpark has recently revealed its plans to acquire additional mining infrastructure in rural Georgia, U.S. According to a recent report, the BTC mining giant eyes acquiring five turnkey sites in Georgia for mining operations.
Notably, CleanSpark’s announcement of its acquisition plans came at a crucial time in the market. The company’s proactive move emerged amidst a significant dip in Bitcoin price and ongoing miner capitulation.
<h2 id="cleanspark-cracks-deals-for-26-mln">CleanSpark Cracks Deals For $26 Mln</h2>
As per an official press release dated June 18, the five turnkey sites will be acquired by <a rel="noopener noreferrer nofollow" href="https://www.prnewswire.com/news-releases/cleanspark-announces-acquisition-of-five-new-bitcoin-mining-facilities-in-georgia-adding-60-mw-of-infrastructure-302175030.html" target="_blank">CleanSpark</a> via definitive agreements for a whopping $25.8 million. Simultaneously, the operating hashrate of the combined facilities is likely to exceed 3.7 exahashes per second (EH/s) upon completion of the S21 pro miner installation.
Meanwhile, the CEO of CleanSpark, 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. &nbsp;These sites not only enhance the load balancing capabilities for the local cities we work with but also lock in the achievement of our mid-year target of 20 EH/s of operating hashrate.”
This decision to streamline BTC mining operations amid a miner capitulation has piqued significant attention across the globe. The five sites range from 8 MW to 15 MW, for a total of 60 MW.
Also Read: <a href="https://coingape.com/usdc-issuer-launches-circle-credits-program-to-combat-aws-dominance/" target="_blank" rel="noopener noreferrer nofollow">USDC Issuer Launches Circle Credits Program To Combat AWS Dominance</a>
<h2 id="more-about-bitcoin-miner-cleanspark">More About Bitcoin Miner CleanSpark</h2>
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 <a href="https://coingape.com/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC price</a> saw a significant slip to the $64K mark today, trading at $64,354.69 while writing. A recent report by CoinGape Media spotlighted how miners recently offloaded substantial amounts of <a href="https://coingape.com/bitcoin-miner-capitulation-can-extend-btc-price-drop-to-62500/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>, falling in line with the capitulation.
Also Read: <a href="https://coingape.com/ethereum-restaking-eigenlayer-goes-live-coinbase-what-next/" target="_blank" rel="noopener noreferrer nofollow">Ethereum Restaking EigenLayer Goes Live On Coinbase, What’s Next?</a>
The post <a href="https://coingape.com/bitcoin-miner-cleanspark-to-acquire-5-mining-sites-despite-ongoing-capitulation/" rel="noopener noreferrer nofollow">Bitcoin Miner CleanSpark To Acquire 5 Mining Sites Despite Ongoing Capitulation</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Bitcoin Miner CleanSpark To Acquire 5 Mining Sites Despite Ongoing Capitulation

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