CleanSpark to acquire active bitcoin mining site in Washington, Georgia

Aug. 09, 2022 7:15 AM ETCleanSpark, Inc. (CLSK)By: Preeti Singh, SA News Editor1 Comment

Bitcoin network concept on digital Screen

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  • CleanSpark (NASDAQ:CLSK) has agreed to acquire an active bitcoin mining facility in Washington, Georgia from Waha Technologies for $16.2M.
  • The transaction is expected to close within the next 30 days. The facility is CleanSpark’s third clean-energy campus in Georgia, with other locations in College Park and Norcross.
  • The deal covers the acquisition of ~3,400 of the latest generation Antminer S19 series of machines for approximately $8.9M. These machines, already operating at the acquired site, will add over 340 PH/s of computing power.
  • CleanSpark (CLSK) plans to fill the balance of the 36MW with machines already paid for and on hand. The facility has exclusive rights to an additional 50MW of power, making it scalable to 86MW.
  • CLSK shares are down over 3% pre-market
  • The bitcoin miner is scheduled to report Q3 results after market close today.

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