Summary by Futu AI
On September 16, 2024, CleanSpark, Inc., a Nevada-based company, announced the acquisition of two Bitcoin mining facilities in Clinton, Mississippi, through its wholly-owned subsidiary, CSRE Properties Mississippi, LLC. The purchase, totaling $5.775 million, includes 16.5 megawatts of mining capacity and approximately 88 acres of land. The acquisition agreements were made with Eyas Investment Group Limited and Makerstar Capital, Inc. Additionally, CleanSpark entered into a Construction Management Services Agreement with Beast Power, Inc. to manage the completion of the construction on the property. The company expects the sites to be turnkey ready by December 1, 2024, and to contribute significantly to its operational capacity, supporting its target of 37 EH/s by the end of 2024 and 50 EH/s by 2025. The news was officially released in a press statement on September 17, 2024, following the filing of a Current Report on Form 8-K with the SEC.