CleanSpark Inc. has unveiled plans to increase its operating hash rate. The company aims to double its hash rate in preparation for the upcoming Bitcoin halving event. In light of this, the firm has revealed strategic acquisitions and expansion initiatives to enhance its mining capabilities and geographic reach. The firm plans to acquire three turnkey Bitcoin mining facilities in Mississippi for a total cash payment of $19.8 million. These acquisitions, expected to close within 21 days, are projected to increase the company’s operational hash rate substantially.
Source: Wayne Jones, 2024-02-12; https://cryptopotato.com/cleanspark-anticipates-doubling-operating-hash-rate-ahead-of-bitcoin-halving/