Bitcoin mining company Cleanspark has increased the power of its current 36 MW facility to 86MW. The company expanded its capacity by adding 340 PH/s to its hashrate.
CleanSpark has a ready-to-operate warehouse in Washington, Georgia. bitcoin acquired the mining facility. The facility was previously owned by Waha Technologies. In addition, CleanSpark has 3,400 units that can increase the hash rate by more than 340 PH/s. Antmineracquired the mining machine.
CleanSpark Continues Mining Investments
CleanSpark Inc, a sustainable Bitcoin mining company in North America, has purchased an active mining facility for $16.2 million. Washington Mayor Bill deGolian described this purchase with these words:
This partnership will diversify our local industry, create rural tech jobs, expand our electric customer base and bring investment in our community.
With this acquisition, CleanSpark will be able to add 86 megawatts (MW) and 2.6 exahash per second (EH/s) to its capacity. Currently, the plant is operating at 36 MW and with a capacity of 1.1 EH/s. This acquisition means that the company has increased its hash rate by 38 percent.
The company paid $8.9 million for the newly purchased 3,400 Antminer S19 series mining machines.
With this latest acquisition, CleanSpark has three facilities in Georgia. The other two facilities are located in College Park and Norcross. Most of these facilities prefer nuclear power or low-carbon energy sources.
Indeed, the market-wide capitulations have surprised many in the Bitcoin ecosystem. The same market conditions created the opportunity for CleanSpark to acquire this facility, which is managed by Waha Technologies.
As reported by Bitcoin Magazine, CleanSpark CEO Zach Bradford made the following statement for this acquisition:
“The market is preparing for consolidation all summer and we are happy to be on the buying side”
