Bitcoin mining difficulty can be a good thing for this BTC mining company
Bitcoin [BTC] miner CleanSpark has entered into a deal to buy Mawson Infrastructure Group’s mining facilities. This facility is located in Sandersville, Georgia and was purchased for as much as $33 million.
CleanSpark has also agreed to purchase 6,468 mining ASICs from Mawson for approximately $9.5 million. The maximum purchase price for the facility and the miners is $42.5 million.
“The site is nothing short of impressive – well run by over 20 dedicated professionals who have taken considerable pride in the design, development and maintenance of the site. We are enthusiastic about Georgia and believe our expansion there will continue to build value for our shareholders, ยป said Zachary Bradford, CEO, CleanSpark.
The Sandersville site includes 80 MW of the total capacity. Furthermore, it supports 2.4 EH/s of BTC mining. Its total planned capacity is 230 MW, expected to support 7.0 EH/s.
This site will be able to support 70,000 last generation miners capable of producing over 7.0 EH/s.
CleanSpark on assignment
The acquisition adds another milestone in a series of recent acquisition deals made by CleanSpark during this year’s crypto crash. Just recently, Cleanspark bought 10,000 last generation Antminer S19j Pro mining machines for $28.0 million. This was after credits and discounts. The deal expanded Bitcoin mining capacity by 1 EH/s.
Furthermore, the company has 19 August 2022 finished the acquisition of a Bitcoin mining facility in Washington, Georgia for 16.2 million dollars. The space is expected to add 2.6 EH/s.
Furthermore, the organization acquired another mining facility in Georgia, Washington, on August 9, 2022. The company entered into an agreement to appropriate the mining facility for $16.2 million. The site, currently at 36 megawatts, is expected to add 1.1 EH/s to CleanSpark’s hashrate in the current quarter. The company has also purchased 3,400 of the Antminer S19 machines for $8.9 million.
In mid-July, Cleanspark announced that it has acquired 1,061 Whatsminer M30S machines. The site adds 93 PH/s of computing power to the company’s mining capacity.
In recent months, operations have become increasingly difficult for miners due to high energy costs and falling BTC prices. Due to this reason, many mining sites are bought up by large mining companies.
