CleanSpark Bitcoin Mining Company Accelerates Its Investments: “We Trust the Future of the Market”

The biggest Bitcoin (BTC) from mining companies CleanSparkacquired a mining facility of Mawson Infrastructure Group. CleanSpark’s purchased facility is located in Georgia, USA. The acquisition deal, reported to the SEC, is worth $33 million.

That’s not the only purchase CleanSpark has made this week. The firm also announced that it has purchased $9.5 million (6,400) cryptocurrency mining machines (ASICs) from Mawson.

CleanSpark CEO, Zachary Bradford, made the following statement regarding the acquisitions:

“The facility we took over in Georgia is quite impressive. Thanks again to the professionals involved in the design and development of the facility. We’re pretty enthusiastic about Georgia. We continue to grow and create new value for our shareholders.”

Saying that they believe in the future of the market and that the bull market will come, company officials are already increasing their investments in this sector in order not to miss the end of the rope.

The crypto mining site in Georgia, which the company purchased, has a BTC mining capacity of 2.4 EH/s. CleanSpark’s total mining capacity is expected to exceed 7.0 EH/s with its new investments.

Energy Costs Challenge BTC Miners!

Cryptocurrencies Cryptocurrency miners are in a difficult situation due to the drop in value. When the astronomical increase in energy prices is added to this situation, the situation becomes more complicated. However, CleanSpark continues to increase its investments under these conditions.

CleanSpark made another $28 million investment weeks ago. The company has purchased 10,000 next-generation cryptocurrency mining rigs. It also acquired another mining facility in Washington at the beginning of August.

In the rest of the industry, the situation is not very encouraging. Recently, the first individual BTC Compass Mining, one of the mining marketplaces, had terminated its activities in Georgia due to its high energy activities.

For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!


source site-4