Shares of Bitcoin miner CleanSpark (NASDAQ: CLSK) rose by 12% on February 6th, following the announcement that the company will acquire new mining facilities to increase its infrastructure and potentially double its hashrate in H1 2024. CleanSpark has purchased three "turnkey" sites in Mississippi for $19.8m in cash, which will contribute approximately 14% of the company's revenue shortly after the transaction is completed. The company also plans to procure a facility in Dalton, Georgia, with an initial cash payment of $3.4m and an additional investment of $3.5m to expand its footprint in Dalton to three sites. CleanSpark CEO Zachary Bradford believes that the move into Mississippi will allow the company to grow its operations and diversify its data center portfolio.
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CleanSpark Plans to Double Hashrate with New Mining Facilities, Shares Jump 12%
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