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CleanSpark acquires two new Bitcoin mining plants in Mississippi

Author: Content Editor
CleanSpark Inc. has acquired two Bitcoin mining sites in Mississippi and closed its second site in Wyoming. The Mississippi acquisitions cost $5.775 million and will support 16.5 megawatts of capacity, with both sites expected to be operational by December 2024. The new sites will house Bitmain's Antminer S21 Pro, adding approximately 1 exahash per second (EH/s) to CleanSpark's operating hashrate. The company also recently finalized a 45-megawatt site in Wyoming, which will contribute an additional 3 EH/s. CleanSpark reported an average operating hash rate of 21.3 EH/s in August, with 478 BTC mined in the same month. The company has also acquired seven mining facilities in Tennessee, adding 5 EH/s to its hash rate capacity. CleanSpark reported $104.1 million in revenue for the third quarter, with a net loss of $236.2 million. The company currently holds $1.48 billion in total assets, with $625.8 million related to mining assets and a Bitcoin stash valued at $413 million.

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