A deal to buy two facilities in Dalton, Georgia for $9.3 million in cash has been reached by the Nasdaq-listed bitcoin mining company CleanSpark (CLSK).
A recent email release stated that the facilities would house over 6,000 Bitmain Antminer S19 XPs and S19J Pro+s and that they would boost CleanSpark’s hashrate by just under 1 exahash per second (EH/s).
Zach Bradford, CEO of CleanSpark, stated that the company’s goal is to have 16 EH/s of electricity by the end of 2023, and the purchase of these facilities will “ensure [they] have more than enough infrastructure to reach” that goal.
Its most significant recent action was the acquisition of 45,000 brand-new Bitmain Antminer S19 XPs for $144.9 million in April.
CFO Gary A. Vecchiarelli said, “We continue to take advantage of opportunities presented by the state of the market to get ready for the halving of bitcoin next year.
Mining firms are looking ahead to bitcoin’s next halving, which is now less than a year away and will reduce rewards for mining blocks and challenge their profit margins even more. The industry is still recovering from the sharp decline in bitcoin’s valuation last year combined with rising costs from high electricity prices.