CleanSpark, a leading provider of energy software and control technology, has recently acquired five turnkey bitcoin mining facilities in rural Georgia. This strategic move was made for a cash payment of $25.8 million and includes the purchase of mining data centers and equipment at each site, as well as the assumption of underlying real property leases and power agreements.
These sites range in size from 8 MW to 15 MW, totaling to 60 MW. They also feature interruptible-load designated power purchase agreements (PPAs). One unique advantage that these bitcoin miners offer is load balancing for local power grids by being able to adjust energy usage based on demand. This is especially beneficial during times when there is high demand on the grid due to extreme weather conditions.
With this acquisition, CleanSpark now owns and operates approximately 300 MW worth of infrastructure in Georgia alone. The company also has operations in Mississippi and co-locates machines in upstate New York with plans for expansion into Wyoming announced earlier this year.
This latest development further solidifies CleanSpark’s position as an expert player within the energy industry with their innovative approach towards utilizing blockchain technology for efficient management of resources.
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