Bitcoin miner CleanSpark adds 20 MW of power to portfolio

Nevada-based CleanSpark Inc (NASDAQ:CLSK), a clean Bitcoin mining and diversified software and services company, said on Tuesday that it has acquired a data centre in Georgia that adds 20 MW of power to its existing mining business.

The company said that it closed the acquisition of the former Sprint/Nextel data centre in Norcross, spanning more than 7 acres, on August 6 for USD 6.55 million (EUR 5.6m).

Thanks to its participation in Georgia’s Simple Solar programme, the facility will run its mining operations at 100% net carbon-neutral. CleanSpark plans to install both rooftop and ground-mount solar arrays onsite along with other microgrid energy solutions.

The company anticipates completing the installation of the mining infrastructure on the new site by late 2021.

"This facility, with its 20 MW of power, will allow us to put over 6,000 additional S19s into operation. It is expected to produce over 650 PH/s upon installation. Based on current difficulty rates, this processing power would result in an additional 5 to 6 bitcoins per day. This, along with our other initiatives, is expected to result in 2.0 EH/s by the end of 2021, which, at current difficulty rates would result in 17 to 18 bitcoin per day," said Zach Bradford, president and CEO of CleanSpark.

Bradford added that the company now directly owns and runs facilities that will bring a combined 70 MW of 95%-plus carbon-free energy capacity.

(USD 1.0 = EUR 0.852)

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