CleanSpark is acquiring more sites in Tennessee after buying GRIID Infrastructure's facilities there.
The United States Bitcoin miner CleanSpark has reached an agreement on the purchase of seven cryptocurrency mining facilities and their associated land in the Knoxville, Tennessee, area. The new acquisitions will boost CleanSpark’s hashrate by 22%, the company said.
According to a trade publication, CleanSpark is purchasing the new facilities from Exponential Digital. CleanSpark said it is paying $27.5 million in cash for the new facilities and expects the deal to close by Sept. 25.
The seven facilities have capacities ranging from 10 megawatts (MW) to 20 MW, for a total of 85 MW. They will provide 5 exahashes per second (EH/s) when equipped with Bitmain S21 pro-application-specific integrated circuit (ASIC) miners. CleanSpark CEO Zach Bradford said in a statement:
