Bitcoin miner CleanSpark has acquired five turnkey bitcoin mining facilities in Georgia for a cash payment of $25.6 million. This acquisition is expected to close immediately, significantly boosting CleanSpark’s operational capacity.
The combined facilities are anticipated to exceed an operating hashrate of 3.7 exahashes per second (EH/s) upon the full installation of the latest generation S21 pro miners. CleanSpark’s CEO, Zach Bradford, highlighted the strategic importance of the acquisition. “These sites not only enhance the load balancing capabilities for the local cities we work with, but also secure our mid-year target of achieving 20 EH/s of operating hashrate,” Bradford said. “This achievement underscores our commitment to scaling efficiently and sustainably, and we are excited to integrate these facilities into the CleanSpark way of mining bitcoin.”
The five sites range in size from 8 megawatts (MW) to 15 MW, totaling 60 MW. CleanSpark currently owns and operates approximately 300 MW of infrastructure in Georgia.
This announcement follows CleanSpark’s recent acquisition of two bitcoin mining sites in Wyoming, which offer 75 MW of available power, for $18.75 million in cash. Beyond its operations in Georgia and Wyoming, CleanSpark also has infrastructure in Mississippi and co-locates machines in upstate New York.
In May, CleanSpark mined 417 bitcoin, marking the first full month of operations following April’s halving event. As of May 31, the company holds a total of 6,154 bitcoin and maintains a current hashrate of 17.97 EH/s.
CleanSpark’s stock (ticker CLSK) has surged over 77% this year, according to Yahoo Finance, outpacing bitcoin’s year-to-date gain of 47.5%, which currently stands at $65,176.48, according to The Block’s bitcoin price page.
Adding to the positive momentum, former U.S. President Donald Trump has recently shown support for bitcoin mining. On June 11, he met with several bitcoin miners at his Mar-a-Lago estate. “I just ran into a guy that’s a huge fan of bitcoin and loves what we’re doing at CleanSpark Inc. in Georgia and Mississippi and Wyoming,” S. Matthew Schultz, co-founder of CleanSpark, wrote in a post on X, accompanied by a picture of Schultz with Trump.