CleanSpark Inc. announced it has entered into definitive agreements to acquire three turnkey bitcoin mining facilities in Mississippi for a cash payment of $19.8 million. The purchase is expected to close within 21 days, with the operating hashrate at the combined facilities expected to reach 2.4 EH/s (exahashes per second) shortly after closing. Concurrently, the Company has entered into definitive agreements to acquired a third mining facility which is under construction in Dalton, GA, for an initial cash payment of $3.4 million.

The Company expects to invest another $3.5 million to complete the project, with a target operational date of April 2024. The facility is expected to operate at 0.8 EH/s. CleanSpark already operates approximately 0.8 EH/'s of machines at its current campus in Dalton, comprised of two facilities. The news of these recent acquisitions comes on the heels of CleanSpark's announcement in January of its strategic agreement to purchase up to 160,000 S21 miners, providing a path to 50 EH/s.