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Mining Company CleanSpark Buys 86MW Mining Site in Georgia

Mining Company CleanSpark Buys 86MW Mining Site in Georgia

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CleanSpark plans to expand its mining facilities by purchasing a plug-in facility in Georgia.

CleanSpark, a sustainable Bitcoin mining company based in Nevada, has been using huge $25.1 million to purchase plug-in-ready and 3,400 additional miners in Washington, Georgia.

By Press release distributed on August 9, the company has bought back the facility from Waha Technologies, paying $16.2 million for housing itself and investing $8.9 million in mining machinery.

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CleanSpark notes that the Washington campus currently operating at 36 MW with a compaction rate of 1.1 EH/s. The company also emphasizes that the purchased Antminer S19 miners, once fully installed, will maintain the company hash rate 340 petahashes per second (PH/s).

However, the campus is supposed to operate even faster. According to the press release, “the site has exclusive rights 50 MW of additional power, making the site scalable to 86 MW“.

This new facility is CleanSpark’s third project in Georgia. The company already has clean energy campuses in College Park and Norcross. It is worth noting that all the sites use low-carbon energy sources, such as nuclear power.

Washington Mayor Bill deGolian notes that this project is not only a great move for CleanSpark, but also helps add value to the city and its residents.

“This partnership will diversify our local industry, create rural technology jobs, expand our electric customer base and invest in our community. We look forward to a long and successful relationship with CleanSpark,” said Bill deGolian.

CleanSpark CEO Zach Bradford was also happy to announce the new CleanSpark acquisition.

The market has been preparing for consolidation all summer, and we’re happy to be on the buyer’s side. […] We are especially excited to work with the citizens of Washington who have been so welcoming to us. We look forward to retaining and growing the jobs and infrastructure at our new campus in Washington.

CleanSpark has been actively investing throughout the summer. In June, the company bought PPAs for 1,800 Antminer S19 XP computers. On the other hand, in July, the company bought 1,061 Bitcoin (BTC) minerswho operate in New York.

Gile K. - cryptanalyst

by Gile K. – Crypto Analyst, BitDegree

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