Just in: CleanSpark Inc. will acquire 7 more Bitcoin mining facilities.

The agreement will include buying the Bitcoin mining facilities and the land located in Knoxville, Tennessee, which has 85 MW of electricity capacity, with an acquisition cost of around $323,000 per megawatt. The total cost will be paid in cash at $27.5 million. This additional acquisition of Bitcoin mining will increase the hashrate by up to 5 EH/s. Currently CleanSpark hashrate mining is accounted at 23 EH/s, and they estimate by the end of 2024, through a combination with the new facility, they will achieve 37 EH/s. Sounds impressive!

#BitcoinMining #CleanSpark #CryptoInvestment #TechInnovation #RenewableEnergy

$BTC $STX

🚀 Major Expansion for CleanSpark in Bitcoin Mining 🚀

We're excited to announce that CleanSpark Inc. has taken a significant step in expanding its Bitcoin mining operations by acquiring seven mining facilities and land in the Knoxville, Tennessee area for $27.5 million. This strategic move enhances our mining capabilities in areas known for their supportive political and energy climates.

📍 Why Tennessee? Much like Georgia, where we've heavily invested in the past, Tennessee offers an ideal environment that aligns with our growth objectives, promoting sustainable and efficient mining operations.

#CleanSpark #bitcoin #CryptoNews #TennesseeExpansion

Is CleanSpark's Strategy a Shield Against Soaring Miner Prices? 🤔

#CleanSpark , a US-based Bitcoin miner, plans to purchase 160,000 miners by 2024.

Initially acquiring 60,000 #Bitmain S21 units, they might buy 100,000 more through a call option.

This move aims to #hedge against rising machine prices during bull markets, allowing them to expand efficiently and manage costs.

Their CEO sees it as a strategy to navigate market fluctuations while maximizing returns. CleanSpark's recent rise in share price reflects investor confidence in their forward-looking approach.

#Binance
#crypto2024

Discover CleanSpark Inc.'s bold move to launch an in-house trading desk, optimizing returns from its substantial Bitcoin holdings in 2023.

$BTC #CleanSpark #mining

https://blockchainreporter.net/cleanspark-inc-to-unveil-in-house-trading-desk-for-enhanced-bitcoin-management/

🚨 $BTC Halving poses a profitability threat to top miners, warns Cantor Fitzgerald. Reward cut by 50% may leave only 2 of 13 publicly traded #Miners profitable.

🔸 Argo Blockchain & Hut 8 vulnerable with costs over $60,000/BTC.

🔸 #Bitdeer & #CleanSpark likely to remain profitable, with
costs at $17,774 & $36,896/BTC.

#BitcoinHalving #Halving

CleanSpark Acquires Three Bitcoin Mining Facilities in Mississippi for $19.8 Million

- CleanSpark, a Las Vegas-based company, has acquired three bitcoin mining facilities in Mississippi for $19.8 million in cash.
- The acquisition is expected to double CleanSpark's hash rate in the coming months, ahead of the next Bitcoin block reward halving scheduled for April.

- The purchased facilities will add approximately 2.4 exahashes per second (EH/s) to CleanSpark's operating hash rate.
- The company is also acquiring another facility in Dalton, GA, for around $7 million, which will contribute about 0.8 EH/s in hash rate.

- CleanSpark's current hash rate is 10 EH/s as of January 31, and the new acquisitions aim to raise it to a planned level of 13.2 EH/s.

- Further expansion at the Dalton site and the property in Sandersville, GA, could potentially add an additional 0.8 EH/s and 6 EH/s in hash rate, respectively.

- CleanSpark aims to reach a hash rate of 20 EH/s within the first half of 2024.

- CEO Zach Bradford highlights that the addition of Mississippi to their portfolio enhances geographic diversity and allows the application of their successful track record in a new operating environment.

- This move follows the broader trend in the industry, with miners actively investing in new equipment and acquisitions to prepare for the upcoming Bitcoin block reward halving.

#bitcoinhalving #BitcoinMining #CleanSpark

CleanSpark confirms its plans to launch its in-house trading desk to promote crypto adoption and utilize company resources efficiently.

#BTC #bitcoin #CleanSpark

💰Bitcoin miner CleanSpark climbed on Tuesday after the company said it will acquire new mining facilities.
💰The company said it expects the sites to support about 14% of its revenue shortly after closing.
💰The crypto industry expects consolidation among bitcoin miners as their mining revenue is set to be slashed after the much-anticipated halving in the spring.
#TrendingTopic #Write2Earn #MiningOpportunity #BTC; #CleanSpark

$BTC
🚨
Exciting news regarding BTC and Miners!

JUST IN: 🇺🇸 Former US President Donald Trump says "Bitcoin mining may be our last line of defense against a CBDC."

"We want all the remaining Bitcoin made in the USA!"
This news could potentially pump the price for crypto mining companies.
He was seen taking pictures with clean spark CEO.

No financial advice. Do your own research regarding mining companies.

#bitcoin
#mining
#CleanSpark

Nasdaq-listed Bitcoin miner Cleanspark to launch in-house trading desk, CEO asserts it 'makes financial sense.'

#WebGTR #Nasdaq #CleanSpark #BTC #ai

America’s leading Bitcoin miner, CleanSpark, announced its expansion plan worth $144.9 million to double its mining hashrate. 

#CleanSpark #bitcoin #mining

https://blockchainreporter.net/bitcoin-miner-cleanspark-announces-144-9m-expansion-deal-to-double-bitcoin-mining-capacity/

NEW‼️ #CleanSpark just bought $145M #BTC miners to DOUBLE their hash rate!

#NEWS ‼️ #CleanSpark just bought $145M #bitcoin Miners Set to DOUBLE their hash rate!