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Public traded miner buys data centre to bring production to 18 bitcoins a day

20MW facility has the space for further expansion and adds to the business’ growing portfolio as Bitcoin continues to accelerate need for data centre capacity.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

August 12, 2021 | 9:45 AM BST

Bitcoin mining company CleanSpark, Inc. (Nasdaq: CLSK) has closed the acquisition of an additional nearly 87,000 square foot data centre in Norcross, Georgia, to increase the company’s Bitcoin mining operation.

The US$6.55 million purchase of the former Sprint/Nextel data centre situated on over seven acres is located 33 miles from the current ATLData Center and CleanBlok operations in Atlanta.

The facility will provide 20 MW of additional power to CleanSpark’s mining business with the capacity for further IT load expansion.

 The company said it expects to complete the installation of the mining infrastructure and have the miners running by late 2021.

The new facility’s mining operations are expected to operate at 100% net carbon-neutral, achieved through its participation in Georgia’s Simple Solar program. 

CleanSpark also anticipates adding onsite renewables, including rooftop and ground-mount solar and other microgrid energy solutions.

CleanSpark’s president and CEO Zach Bradford said: “This facility, with its 20 MW of power, will allow us to put over 6,000 additional S19s into operation. It is expected to produce over 650 PH/s upon installation. Based on current difficulty rates, this processing power would result in an additional 5 to 6 bitcoins per day.

“This, along with our other initiatives, is expected to result in 2.0 EH/s by the end of 2021, which, at current difficulty rates would result in 17 to 18 bitcoin per day.”

Bradford continued adding that CleanSpark has been working on a number of opportunities to increase Bitcoin production capabilities, including energy expansion in Atlanta, the business’ partnership with Coinmint, and now the purchase of the Norcross facility to increase the total energy capacity.

He said: “We have over 23,500 S19 ASICS miners that will be delivered over the coming year—planning for responsible energy expansion has been paramount.

“Our focus on ESG has been at the forefront of all our efforts and we expect to lead sustainable practices in the industry. CleanSpark now directly owns and operates facilities that will bring a combined 70MW of 95%-plus carbon-free energy capacity, with the ability to further expand.”

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Founder and Editor, The Tech Capital

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