CleanSpark expects its operating hash rate to double in time for Bitcoin’s halving once it spins up the mining rigs from four new recently-purchased facilities.
CleanSpark Inc. is set to double its hash rate in the first half of 2024 after the Bitcoin (BTC) miner agreed to purchase four new mining facilities before the reward for mining the cryptocurrency is halved.
CleanSpark announced on Feb. 6 that it bought three mining facilities in Mississippi for $19.8 million, which will produce an immediate 2.4 exahashes/ second (EH/s) once the purchase is finalized.
The firm also agreed to buy an additional mining facility in Dalton, Georgia for $6.9 million, which will produce 0.8 EH/s. However, that facility is under construction and won’t be ready until April 2024. CleanSpark's shares saw a 12% gain on the day following its announcement.
