{"id":325906,"date":"2024-06-18T21:12:19","date_gmt":"2024-06-18T15:42:19","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=325906"},"modified":"2024-06-18T21:12:19","modified_gmt":"2024-06-18T15:42:19","slug":"bitcoin-miner-cleanspark-to-acquire-5-mining-sites-despite-ongoing-capitulation-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-miner-cleanspark-to-acquire-5-mining-sites-despite-ongoing-capitulation-crypto-news\/","title":{"rendered":"Bitcoin Miner CleanSpark To Acquire 5 Mining Sites Despite Ongoing Capitulation – Crypto News"},"content":{"rendered":"

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Bitcoin mining company CleanSpark has recently revealed its plans to acquire additional mining infrastructure in rural Georgia, U.S. According to a recent report, the BTC mining giant eyes acquiring five turnkey sites in Georgia for mining operations.<\/p>\n

Notably, CleanSpark\u2019s announcement of its acquisition plans came at a crucial time in the market. The company\u2019s proactive move emerged amidst a significant dip in Bitcoin price and ongoing miner capitulation.<\/p>\n

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CleanSpark Cracks Deals For $26 Mln<\/h2>\n

As per an official press release dated June 18, the five turnkey sites will be acquired by CleanSpark<\/a> via definitive agreements for a whopping $25.8 million. Simultaneously, the operating hashrate of the combined facilities is likely to exceed 3.7 exahashes per second (EH\/s) upon completion of the S21 pro miner installation.<\/p>\n

Meanwhile, the CEO of CleanSpark, Zach Bradford, stated, \u201cOur acquisition of these five new mining sites marks a significant milestone in our strategic growth plan and represents the leading edge of nearly one gigawatt of new opportunities being analyzed by our teams. \u00a0These sites not only enhance the load balancing capabilities for the local cities we work with but also lock in the achievement of our mid-year target of 20 EH\/s of operating hashrate.\u201d<\/p>\n

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This decision to streamline BTC mining operations amid a miner capitulation has piqued significant attention across the globe. The five sites range from 8 MW to 15 MW, for a total of 60 MW.<\/p>\n

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Also Read: USDC Issuer Launches Circle Credits Program To Combat AWS Dominance<\/a><\/strong><\/p>\n

More About Bitcoin Miner CleanSpark<\/h2>\n

Intriguingly, CleanSpark\u2019s decision to enhance operational endeavors amid ongoing Bitcoin miner capitulation glimmers hope for the mining industry ahead. Meanwhile, CleanSpark (Nasdaq: CLSK) saw a 0.51% uptick at press time to $19.34.<\/p>\n

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It\u2019s also worth mentioning that the BTC price<\/a> saw a significant slip to the $64K mark today, trading at $64,354.69 while writing. A recent report by CoinGape Media spotlighted how miners recently offloaded substantial amounts of BTC<\/a>, falling in line with the capitulation.<\/p>\n

Also Read: Ethereum Restaking EigenLayer Goes Live On Coinbase, What\u2019s Next?<\/a><\/strong><\/p>\n

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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Bitcoin mining company CleanSpark has recently revealed its plans to acquire additional mining infrastructure in rural Georgia, U.S. According to a recent report, the BTC mining giant eyes acquiring five turnkey sites in Georgia for mining operations. Notably, CleanSpark\u2019s announcement of its acquisition plans came at a crucial time in the market. The company\u2019s proactive […]<\/p>\n","protected":false},"author":2,"featured_media":305245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-325906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/325906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=325906"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/325906\/revisions"}],"predecessor-version":[{"id":325911,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/325906\/revisions\/325911"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/305245"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=325906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=325906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=325906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}