8/28/2023 0 Comments Cleanspark atl![]() ![]() The firm has continued taking advantage of opportunities that emerge during the market downturn.Įarly last month, CleanSpark spent $25.1 million for a mining facility and Bitcoin mining rigs in Georgia. This is the second acquisition made by CleanSpark in a month. James Manning, Mawson CEO, also commented: “We now intend to focus our attention on the continued development of our Pennsylvania and Texas facilities where we see the opportunity for compelling returns on capital." We are enthusiastic about Georgia and believe that our expansion there will continue to build value for our shareholders and the communities we operate in throughout Georgia.” Zachary Bradford, CleanSpark CEO, talked about the development: "The site is nothing but impressive. ![]() Its Beaver County facility is a 100 MW cryptocurrency mining operation located in Midland, Pennsylvania, US.ĬleanSpark said the deal in terms of $26.5 million of cash consideration, 3 million in seller financing in the form of promissory notes, $11 million in CleanSpark stock ($4.5 million of which is subject to reaching certain earn-out commitments), and $2 million in a seller-financed earn-out payable at least 60 days after closing upon certain conditions being met. Mawson Infrastructure Group has multiple mining operations throughout the USA and Australia. The miner further said the site can expand an extra 150 megawatts, which would enable it to power 70,000 latest generation miners, producing over 7 EH/s.ĬleanSpark disclosed that it agreed to provide Mawson with up to 30 megawatts of temporary hosting capacity for up to 180 days, while it (Mawson) transfers its miners to the Pennsylvania location. CleanSpark, a Las Vegas-based cryptocurrency mining company, is purchasing a facility in Georgia from its rival crypto miner Mawson Infrastructure Group.ĬleanSpark said on Friday that it will pay up to $33 million for the facility, with additional $9.5 million for 6,468 ASIC miners owned by Mawson at the facility.ĬleanSpark stated that the purchased Georgia facility will add 0.558 exahashes per second (EH/s) to its current hashrate of 3.8 EH/s. ![]()
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