The Block Crypto News13 minutes ago

Published on June 18, 2024 15:15 GMT+00:00edited on June 18, 2024 15:19 GMT+00:00

Bitcoin miner CleanSpark has purchased five turnkey bitcoin mining facilities in Georgia for a cash payment of $25.8 million. 

The purchase is expected to close immediately, the company said in a press release, with the operating hashrate of the combined facilities anticipated to exceed 3.7 exahashes per second (EH/s) upon full installation of the latest generation S21 pro miners.

"These sites not only enhance the load balancing capabilities for the local cities we work with, but lock in the achievement of our mid-year target of achieving 20 EH/s of operating hashrate," said CEO Zach Bradford. "This achievement underscores our commitment to scaling efficiently and sustainably and we are excited to bring these facilities into the CleanSpark way of mining bitcoin."

The …