{"id":16896,"date":"2024-09-12T10:20:38","date_gmt":"2024-09-12T07:20:38","guid":{"rendered":"https:\/\/forklog.com\/en\/cleanspark-to-boost-hashrate-by-5-eh-s-with-acquisition-of-seven-tennessee-sites\/"},"modified":"2024-09-12T10:20:38","modified_gmt":"2024-09-12T07:20:38","slug":"cleanspark-to-boost-hashrate-by-5-eh-s-with-acquisition-of-seven-tennessee-sites","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cleanspark-to-boost-hashrate-by-5-eh-s-with-acquisition-of-seven-tennessee-sites\/","title":{"rendered":"CleanSpark to Boost Hashrate by 5 EH\/s with Acquisition of Seven Tennessee Sites"},"content":{"rendered":"<p>CleanSpark is set to take control of seven mining facilities in Knoxville, Tennessee, with an available capacity of 85 MW. The deal is valued at $27.5 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Hopefully this news will Knox-ville your socks off. ?<\/p>\n<p>We\u2019ve entered into definitive agreements to acquire 7 <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> mining facilities and certain associated land in the Knoxville, Tennessee, area with 85 MW of immediately available capacity, anticipated to add 5 EH\/s to our\u2026 <a href=\"https:\/\/t.co\/x5X71YJtkX\">pic.twitter.com\/x5X71YJtkX<\/a><\/p>\n<p>\u2014 CleanSpark Inc. (@CleanSpark_Inc) <a href=\"https:\/\/twitter.com\/CleanSpark_Inc\/status\/1833866770106442073?ref_src=twsrc%5Etfw\">September 11, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>By September 25, the firm will complete the installation of Bitmain&#8217;s Antminer S21 Pro at the sites.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWith the additional 5 EH\/s, we expect to reach 37 EH\/s by the end of 2024,\u201d<\/em> commented CleanSpark CEO Zach Bradford.<\/p>\n<\/blockquote>\n<p>This acquisition is another step in the company&#8217;s growth strategy.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWe plan to expand our presence in the region, continuing to demonstrate how Bitcoin can benefit the local energy system,\u201d<\/em> added Bradford.<\/p>\n<\/blockquote>\n<p>In June, CleanSpark <a href=\"https:\/\/forklog.com\/en\/news\/cleanspark-to-acquire-griid-for-155-million\">acquired<\/a> competitor GRIID for $155 million. Its facilities are also located in Tennessee.<\/p>\n<p>In August, the company <a href=\"https:\/\/forklog.com\/en\/news\/cleanspark-acquires-75-mw-bitcoin-farm-under-us-scrutiny\">acquired<\/a> an operational Bitcoin mining facility in Wyoming with an available capacity of 75 MW.<\/p>\n<p>CleanSpark&#8217;s data centers are also located <a href=\"https:\/\/forklog.com\/en\/news\/cleanspark-to-acquire-five-bitcoin-mining-facilities-for-25-8-million\">in Georgia<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/cleanspark-to-acquire-bitcoin-farms-for-19-8-million-expanding-hashrate-by-2-4-eh-s\">Mississippi<\/a>.<\/p>\n<p>Earlier, Bernstein analysts <a href=\"https:\/\/forklog.com\/en\/news\/bernstein-sees-bright-future-for-public-bitcoin-miners\">rated<\/a> the company&#8217;s shares as \u201coutperform,\u201d highlighting them alongside MARA, IREN, and Core Scientific. CleanSpark is in \u201cthe best combination of energy efficiency and realized hashrate\/uptime,\u201d they added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CleanSpark is set to take control of seven mining facilities in Knoxville, Tennessee, with an available capacity of 85 MW. The deal is valued at $27.5 million. Hopefully this news will Knox-ville your socks off. ? We\u2019ve entered into definitive agreements to acquire 7 #Bitcoin mining facilities and certain associated land in the Knoxville, Tennessee, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[83,1180,1137,26],"class_list":["post-16896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-business","tag-cleanspark","tag-cryptocurrency-mining","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"52","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=16896"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16896\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/16895"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=16896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=16896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=16896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}