CleanSpark jumps on plans to buy four bitcoin mining facilities ahead of the halving
Publishing timestamp: 2024-02-06 14:12:09
Summary
CleanSpark, a Bitcoin miner, announced that it will acquire new mining facilities that will potentially double its hashrate within the first half of the year. The company will buy three "turnkey" sites in Mississippi for $19.8 million and expects the sites to support about 14% of its revenue shortly after closing. CleanSpark also plans to acquire a facility in Dalton, Georgia, for an initial cash payment of $3.4 million. The expansion is aimed at growing operations and diversifying the company's data center portfolio. The move comes as the crypto industry expects consolidation among bitcoin miners due to anticipated halving of miner rewards. CleanSpark gained about 440% last year, outperforming even bitcoin.
Sentiment: POSITIVE
Keywords: cryptocurrency, business news, cleanspark inc, bitcoin, technology, bitcoin/usd coin metrics,