TechFlow news — Bitcoin mining company CleanSpark announced it will acquire seven bitcoin mining facilities and related land in the Knoxville area of Tennessee for $27.5 million in cash, at an average cost of approximately $324,000 per megawatt. The company expects to complete the closing of all sites by September 25.
Once equipped with the latest-generation S21 Pro miners, these facilities are expected to achieve a total operational hash rate of 5 EH/s, increasing CleanSpark’s current hash rate by over 22%.
The seven mining sites have a combined capacity of 85 megawatts, with individual facilities ranging from 10 to 20 megawatts. CleanSpark CEO Zach Bradford stated that as this additional 5 EH/s of hash rate comes online over the coming weeks, the company expects its total hash rate to reach 37 EH/s by the end of 2024.
