CleanSpark's (NASDAQ:CLSK) fleetwide operating hashrate advanced to more than 14 exahashes per second (EH/s) as the bitcoin (BTC-USD) miner finished energizing the first 100 megawatts of its expansion in Sandersville, Georgia, it said on Monday.

What's more, "our teams have already been deployed to Mississippi to begin transitioning these sites into the CleanSpark portfolio," CEO Zach Bradford said in a statement.

Meantime, CLSK dipped 4.1% in midafternoon trading, as bitcoin (BTC-USD) pared back a large chunk of its intraday gains.

Last week, Bernstein analyst Gautam Chhugani recommended buying CleanSpark (CLSK) ahead of the next bitcoin halving event.