Bitcoin mining stalwart continues its facility-buying spree

The purchase of five sites in Georgia set to help CleanSpark hit its mid-year operating hash rate target of 20 EH/s

article-image

Artie Medvedev/Shutterstock modified by Blockworks

share

CleanSpark CEO Zach Bradford has said his company would be one of the industry’s most active acquirers around the Bitcoin halving.

He wasn’t lying. 

The Las Vegas-based company said Tuesday it has bought five more bitcoin mining facilities in Georgia for nearly $26 million. The sites have a combined infrastructure capacity of 60 megawatts and are set to add about 3.7 exahash per second to CleanSpark’s operating hashrate.

Read more: Buyers and sellers: How bitcoin miners are thinking about post-halving M&A

“These sites not only enhance the load balancing capabilities for the local cities we work with, but lock in the achievement of our mid-year target of achieving 20 EH/s of operating hash rate,” Bradford said in a statement.

This isn’t CleanSpark’s first facility purchase in 2024. 

The company bought three facilities in Mississippi in February for roughly $20 million. It then revealed in May that it was set to spend nearly $19 million to acquire 75 MW worth of mining sites in Wyoming.  

The latter purchase was disclosed just ahead of CleanSpark’s first quarter earnings call. 

Bradford, during the call, reiterated the company’s intent to be among the mining segment’s “most measured and active acquirers.”

“Many try to find a single metric that levels the playing field between small and large miners, but the playing field isn’t level,” he added at the time. “A company that has scale can achieve escape velocity with much lower incremental inputs.”

Read more: In the first full month after halving, who mined the most BTC?

CleanSpark mined 417 BTC in May — the first full month after per-block mining rewards dropped from 6.25 BTC to 3.125 BTC on April 19. That total was behind Marathon (616 BTC) and Core Scientific (447 BTC).


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Research Report Templates.png

Research

The convergence of DePIN and energy generation aims to address modern grid challenges by incentivizing distributed generation.

article-image

The deal is made up of $700 million in cash and 11 million shares of Coinbase’s Class A common stock

article-image

Blockworks Research uses numbers to help crypto advance to a higher stage of storytelling

article-image

While Arizona’s governor could veto another crypto reserve bill, similar North Carolina and Texas laws are approaching the finish line

article-image

However, they noted there’s now an increased risk that unemployment and inflation will rise in the coming months. 

article-image

The network’s most ambitious upgrade since the Merge brings validator streamlining, smart account UX and doubled blobspace to Ethereum