CleanSpark, a Nasdaq-listed bitcoin mining firm, has announced the acquisition of two facilities in Dalston, Georgia for $9.3 million in cash. The facilities will host over 6,000 Bitmain Antminer S19 XPs and S19J Pro+s, and are expected to add just under 1 exahash per second (EH/s) to CleanSpark’s hashrate. CEO Zach Bradford said the acquisition will ensure [they] have more than enough infrastructure to reach their goal of 16 EH/s of power by the end of 2023.
The purchase follows CleanSpark’s acquisition of 45,000 new Bitmain Antminer S19 XPs for $144.9 million in April. CFO Gary A. Vecchiarelli said, We continue to make use of opportunities created by current market conditions to prepare for next year’s bitcoin halving. With the industry still reeling from the sharp fall in bitcoin’s valuation last year combined with rising costs from high electricity prices, mining firms are looking toward bitcoin’s next halving, now less than a year away, which will reduce rewards for mining blocks, and challenge their profit margins even more.