CleanSpark announces completion of Georgia expansion, surpasses 8 EH/s

[ad_1]

CleanSpark Inc. has announced the completion of the second phase of its mining complex expansion in Washington, Georgia. The expansion is expected to increase CleanSpark’s bitcoin mining compute power by 1.8 exahash per second (EH/s), for a total of 8.5 EH/s. The company has set a big target of reaching the target of 16 EH/s by the end of the year. The Washington campus has an electrical capacity of 50 megawatts (MW) and currently operates over 10,500 miners with a total investment of over $100 million.

CleanSpark CEO Zach Bradford expressed his appreciation for the successful execution of the expansion, highlighting the technical expertise and support of the local community. “This expansion has already helped us achieve more than half of our year-end guidance of 16 EH/s,” he added.

CleanSpark is actively pursuing growth opportunities, especially during the recent recessionary cycle. Last month, the company acquired a turnkey bitcoin mining complex in Dalton, Georgia, consisting of two sites, for $9.3 million. Furthermore, in the same month the company announced the acquisition of over 12,000 state-of-the-art mining machines.

The expansion in Washington, Georgia marks another milestone for CleanSpark as it continues to increase its bitcoin mining capacity.