Cryptomine data center firm CleanSpark has acquired five cryptomine facilities in Georgia.
The company this week announced it has entered into definitive agreements to acquire five turnkey Bitcoin mining facilities in rural Georgia for a cash payment of $25.8 million.
Though the buyer and locations weren’t shared, the five sites range in size from 8MW to 15MW, for a total of 60MW, and include interruptible-load designated power purchase agreements (PPAs).
The definitive agreements include the purchase of mining data centers and equipment at each site, excluding the miners, and the assumption of the underlying real property leases and power agreements.
"Our acquisition of these five new mining sites marks a significant milestone in our strategic growth plan and represents the leading edge of nearly one gigawatt of new opportunities being analyzed by our teams," said Zach Bradford, CEO of CleanSpark. "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."
CleanSpark said the purchase is expected to close immediately, 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.
CleanSpark currently owns and operates about 300MW of infrastructure in Georgia. After its Sandersville location is fully energized and the acquired sites go live, the company will operate more 400MW of infrastructure in Georgia.
Headquartered in Nevada, CleanSpark owns and operates nine locations across the US.
The company acquired three Bitcoin mining sites in Mississippi in February this year, and two Bitcoin mining sites in Wyoming in May that will total 75MW once operational. The company also colocates approximately 50MW of capacity at a data center in New York.
On its website, the company lists Mississippi locations in Vicksburg, Meridian, and Wiggins. In New York, the company is mining in Massena at a CoinMint facility.
In Georgia, the company lists existing locations in Sandersville, Washington, College Park, Norcross, and Dalton.
