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CleanSpark | 8-K: Current report

SEC announcement ·  Jun 21 05:33
Summary by Futu AI
On June 17, 2024, CleanSpark, Inc. announced the acquisition of five bitcoin mining facilities in Georgia through its subsidiary, CSRE Properties Sandersville, LLC. The acquisition, valued at $25.8 million, includes mining data centers with a total capacity of 60 megawatts and the assumption of existing real property leases and power agreements. This strategic expansion is expected to increase CleanSpark's operating hashrate to over 20 EH/s by the end of the month, utilizing already purchased hardware. The facilities also offer load balancing capabilities to local electric municipal cooperatives. CleanSpark, which operates on low-carbon power, aims to scale its operations efficiently and sustainably, enhancing shareholder value and innovation in the bitcoin mining industry. The company currently operates approximately 300 MW of infrastructure in Georgia and, with the new acquisition, will exceed 400 MW in the state. CleanSpark also has operations in Mississippi, co-locates machines in New York, and has announced locations in Wyoming.
On June 17, 2024, CleanSpark, Inc. announced the acquisition of five bitcoin mining facilities in Georgia through its subsidiary, CSRE Properties Sandersville, LLC. The acquisition, valued at $25.8 million, includes mining data centers with a total capacity of 60 megawatts and the assumption of existing real property leases and power agreements. This strategic expansion is expected to increase CleanSpark's operating hashrate to over 20 EH/s by the end of the month, utilizing already purchased hardware. The facilities also offer load balancing capabilities to local electric municipal cooperatives. CleanSpark, which operates on low-carbon power, aims to scale its operations efficiently and sustainably, enhancing shareholder value and innovation in the bitcoin mining industry. The company currently operates approximately 300 MW of infrastructure in Georgia and, with the new acquisition, will exceed 400 MW in the state. CleanSpark also has operations in Mississippi, co-locates machines in New York, and has announced locations in Wyoming.
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