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8-K: Current report

SEC ·  Sep 17, 2024 21:09

Summary by Moomoo AI

CleanSpark has acquired two Bitcoin mining sites near Clinton, Mississippi for $5.775 million, supporting 16.5 MW of capacity. The partially complete sites will be delivered turnkey ready by December 1, 2024, and will house S21 pro miners with an expected hashrate of 1 EH/s. This acquisition will expand the company's Mississippi data center portfolio to 60.5 MW.The company also closed its previously announced 45 MW site in Wyoming on September 11, 2024, which will add 3 EH/s to the company's hashrate. The Wyoming facility will feature immersion-cooled Bitcoin mining data centers supporting the latest generation S21 immersion XPs.These expansions have increased CleanSpark's operational capacity by 211.5 MW in the past week, representing a 38% growth. CEO Zach Bradford confirmed these developments will support the company's targets of achieving 37 EH/s by end-2024 and 50 EH/s in 2025.
CleanSpark has acquired two Bitcoin mining sites near Clinton, Mississippi for $5.775 million, supporting 16.5 MW of capacity. The partially complete sites will be delivered turnkey ready by December 1, 2024, and will house S21 pro miners with an expected hashrate of 1 EH/s. This acquisition will expand the company's Mississippi data center portfolio to 60.5 MW.The company also closed its previously announced 45 MW site in Wyoming on September 11, 2024, which will add 3 EH/s to the company's hashrate. The Wyoming facility will feature immersion-cooled Bitcoin mining data centers supporting the latest generation S21 immersion XPs.These expansions have increased CleanSpark's operational capacity by 211.5 MW in the past week, representing a 38% growth. CEO Zach Bradford confirmed these developments will support the company's targets of achieving 37 EH/s by end-2024 and 50 EH/s in 2025.
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