CleanSpark CEO Zach Bradford has stated his firm could be one of many trade’s most lively acquirers across the Bitcoin halving.
He wasn’t mendacity.
The Las Vegas-based firm stated Tuesday it has purchased 5 extra bitcoin mining services in Georgia for practically $26 million. The websites have a mixed infrastructure capability of 60 megawatts and are set so as to add about 3.7 exahash per second to CleanSpark’s working hashrate.
Learn extra: Patrons and sellers: How bitcoin miners are desirous about post-halving M&A
“These websites not solely improve the load balancing capabilities for the native cities we work with, however lock within the achievement of our mid-year goal of attaining 20 EH/s of working hash charge,” Bradford stated in an announcement.
This isn’t CleanSpark’s first facility buy in 2024.
The corporate purchased three services in Mississippi in February for roughly $20 million. It then revealed in Could that it was set to spend practically $19 million to amass 75 MW value of mining websites in Wyoming.
The latter buy was disclosed simply forward of CleanSpark’s first quarter earnings name.
Bradford, throughout the name, reiterated the corporate’s intent to be among the many mining phase’s “most measured and lively acquirers.”
“Many attempt to discover a single metric that ranges the enjoying subject between small and enormous miners, however the enjoying subject isn’t stage,” he added on the time. “An organization that has scale can obtain escape velocity with a lot decrease incremental inputs.”
Learn extra: Within the first full month after halving, who mined probably the most BTC?
CleanSpark mined 417 BTC in Could — the primary full month after per-block mining rewards dropped from 6.25 BTC to three.125 BTC on April 19. That complete was behind Marathon (616 BTC) and Core Scientific (447 BTC).