{"id":14096,"date":"2022-10-11T23:56:12","date_gmt":"2022-10-11T23:56:12","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-miner-cleanspark-completes-sandersville-facility-acquisition-firms-hashrate-now-4-7-exahash-mining-bitcoin-news\/"},"modified":"2022-10-11T23:56:12","modified_gmt":"2022-10-11T23:56:12","slug":"bitcoin-miner-cleanspark-completes-sandersville-facility-acquisition-firms-hashrate-now-4-7-exahash-mining-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-miner-cleanspark-completes-sandersville-facility-acquisition-firms-hashrate-now-4-7-exahash-mining-bitcoin-news\/","title":{"rendered":"Bitcoin Miner Cleanspark Completes Sandersville Facility Acquisition, Firm’s Hashrate Now 4.7 Exahash \u2013 Mining Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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On October 11, the publicly-listed bitcoin miner Cleanspark announced that it has completed the acquisition of Mawson Infrastructure Group\u2019s Georgia-based bitcoin mining facility. Following the acquisition, Cleanspark says it now manages 220 megawatts (MW) of bitcoin miners with a hashrate of over 4.7 exahash per second (EH\/s).<\/strong><\/p>\n

Cleanspark Hashrate Moves Closer to 5 Exahash, Firm Obtains 6,500 Mining Rigs From the Facility Acquisition<\/h2>\n

Cleanspark (Nasdaq: CLSK<\/a>) revealed on Tuesday that the mining firm has finished the acquisition of Mawson\u2019s Georgia-based bitcoin mining facility located in Sandersville. The acquisition, Cleanspark says, included 6,500 mining rigs or roughly 560 petahash per second (PH\/s) of hashpower.<\/p>\n

According to Cleanspark, the Sandersville site is the publicly-listed bitcoin miner\u2019s fourth facility in Georgia. The other locations Cleanspark operates are located in Washington, College Park, and Norcross.<\/p>\n

\u201cMawson has built a world-class facility, staffed by an incredible team, and we are looking forward to continuing their work in Sandersville, eventually building this site to its full potential of 230 MW as we work toward our 2023 year-end guidance of 22.4 EH\/s,\u201d Zach Bradford, Cleanspark\u2019s CEO, said on Tuesday in a statement.<\/p>\n

Cleanspark\u2019s increased hashrate follows Bitcoin\u2019s total hashrate tapping an all-time high (ATH) on October 5, 2022, and the network\u2019s mining difficulty reaching an ATH on October 10. With the current difficulty ATH and bitcoin\u2019s (BTC<\/a>) price just barely above the $19K range, the headwinds have put significant pressure on BTC<\/a> miners looking to maximize profits.<\/p>\n

Cleanspark\u2019s CEO Zach Bradford has mentioned in the past that the company managed to ward off the crypto winter and it also managed to find opportunities<\/a> during the downturn. In addition to acquiring Mawson\u2019s facility, Cleanspark acquired thousands of bitcoin miners at a discount.<\/p>\n

\u201cDuring the tail end of the bull market last year, we strategically focused on building infrastructure instead of following the then industry trend of pre-ordering equipment months in advance,\u201d Bradford said<\/a> at the time.<\/p>\n

Following the announcement and at the time of writing, CLSK<\/a> shares traded on Nasdaq are up 3.05%. Six-month statistics, however, show CLSK shares are down 70.08% against the U.S. dollar and year-to-date, CLSK is down 68.77%.<\/p>\n

Since it entered Georgia, Cleanspark says that the firm has invested \u201c$275 million in Georgia communities\u201d and it has provided \u201cover 80 highly skilled and skilled jobs, scholarships, and various community sponsorships\u201d in the region.<\/p>\n

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4.7 EH\/s<\/a>, 4.7 exahash per second<\/a>, Acquisition<\/a>, Bitcoin (BTC)<\/a>, Bitcoin Miners<\/a>, BTC<\/a>, BTC Mining<\/a>, Cleanspark<\/a>, Cleanspark CEO<\/a>, Cleanspark hashrate<\/a>, Cleanspark\u2019s executive chairman<\/a>, crypto mining<\/a>, Crypto Winter<\/a>, crypto winter opportunities<\/a>, Georgia<\/a>, Mawson Infrastructure Group<\/a>, mining<\/a>, mining rigs<\/a>, Sandersville site<\/a>, Zach Bradford<\/a><\/div>\n<\/div>\n

What do you think about Cleanspark finishing up the acquisition of Mawson\u2019s Georgia-based mining data center? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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