Bitcoin mining firm CleanSpark Inc.(Nasdaq: CLSK), has entered into an settlement with Mawson Infrastructure Group (Nasdaq: MIGI) to buy a mining facility for $33 million, per a press launch despatched to Bitcoin Journal.
The turnkey mining facility in Sandersville, Georgia is predicted so as to add 1.4 exahashes per second (EH/s) to CleanSpark’s hash fee earlier than the tip of the yr. By early 2023, the power ought to present a complete output of two.4 EH/s, growing as much as 7 EH/s by the tip of 2023. The corporate has a aim of twenty-two EH/s throughout all places by the tip of 2023.
At the moment, the Sandersville facility can assist as much as 24,108 of the most recent mining rigs. Nevertheless, the added hash fee will come as soon as the corporate efficiently expands the power by 150 megawatts (MWs) in the direction of the tip of subsequent yr. As soon as the power is working at full capability it’ll assist 70,000 mining rigs.
“We’re happy to welcome Mawson’s Sandersville web site and its working groups into the CleanSpark household,” stated Zachary Bradford, CleanSpark’s chief government officer. “The location is nothing however spectacular— well-run by over 20 devoted professionals who’ve taken vital pleasure within the design, improvement, and upkeep of the positioning.”
Moreover, CleanSpark will likely be buying 6,648 of the most recent era of bitcoin miners from Mawson for $9.48 million, or $17 per terahash. These machines present 558 terahashes per second (PH/s) and are already working on the acquired facility.
As a transitory measure, CleanSpark will present momentary internet hosting providers whereas Mawson transfers their mining operations. Mawson can have entry to 30 MW for as much as 180 days. Upon the tip of this transition, CleanSpark will instantly start self-mining operations with the out there capability.
“We now intend to focus our consideration on the continued improvement of our Pennsylvania and Texas services the place we see the chance for compelling returns on capital,” stated James Manning, CEO of Mawson.