CleanSpark, a U.S.-based Bitcoin mining company that prioritizes clean energy, has announced a definitive agreement to purchase five mining facilities in Georgia.
In an announcement made on June 18, CleanSpark disclosed that the deal, valued at $25.8 million, is set to close promptly. The five facilities are estimated to collectively generate over 3.7 exahashes per second in processing power.
These mining sites vary in operational capacity, ranging from 8 to 15 megawatts of power, totaling 60 megawatts across all facilities. Representatives from CleanSpark are confident that the company’s total hashrate will surpass 20 exahashes per second by the end of June.
Furthermore, the newly acquired facilities come with interruptible-load designated power purchase agreements (PPAs) to offer load-balancing services to the local electrical grid.
In response to the acquisition, CleanSpark’s CEO Zach Bradford released a statement emphasizing the positive relationship between Bitcoin mining operators and regional energy infrastructure.
The Bitcoin mining industry in the United States has garnered increased attention following former President Trump’s endorsement of domestic Bitcoin production. Trump recently held a private meeting with industry leaders from Riot Platforms, CleanSpark, and TeraWulf, advocating for Bitcoin to be “made in the USA.”
In a social media post on June 12, the 2024 Presidential candidate suggested that Bitcoin could serve as a crucial defense against a central bank digital currency (CBDC) and position the United States as an energy powerhouse.
Trump’s remarks have sparked debate within the crypto community, with some criticizing his understanding of the industry and accusing him of political posturing. However, others, like Shapeshift founder Erik Voorhees, believe that the sentiment behind Trump’s comments is more significant than their specifics.
In response to Trump’s meeting and support for the broader crypto industry, executives from Marathon Digital Holdings, CleanSpark, and Riot Platforms launched “The Bitcoin Voter Project.” This non-profit organization, classified as a 501(c)(4), aims to educate voters on the digital asset market and blockchain industry without endorsing any specific candidates or parties.