CleanSpark (NASDAQ: CLSK), a leading Bitcoin mining firm, is set to acquire two BTC mining campuses in Dalton, Georgia this week for an all-cash deal worth $9.3 million. The two campuses will host over 6,000 Antminer S19 XPs and S19J Pro+ rigs, adding almost 1 exahashes per second (EH/s) to the firm’s hashrate.
According to CleanSpark CEO Zach Bradford, the purchase puts the miner on track to reach its year-end hashrate target of 16 EH/s. “This acquisition ensures that we have more than enough infrastructure to reach our year-end target of 16 EH/s. It also continues to position us as one of the most power-efficient miners on an energy-per-hashrate basis,” he said.
CleanSpark has made multiple acquisitions over the past several months. In February, it purchased 20,000 Antminer S19j Pro+ machines for $43.6 million. In April, it added 45,000 Antminer S19 XP units worth $144.9 million, and in May, it bought 12,500 Antminer S19 XP rigs.
With CLSK trading at $4.86, up 10% on the day on Wednesday, the crypto stock has rallied more than 140% in 2023 and analysts expect it to reach $12.
