To achieve this goal, CleanSpark recently acquired three new mining farms in Mississippi for $19.8 million. These farms are expected to boost the company’s hashrate by 2.4 EH/s. Moreover, CleanSpark also purchased a farm in Dalton, currently under construction, which will produce an additional 0.8 EH/s upon completion in April.
But the expansion doesn’t stop there. CleanSpark is further investing in the expansion of its existing farms in Sandersville, with the aim of increasing the total hashrate from the current 10 EH/s to an impressive 20 EH/s in the first half of 2024.
“These strategic purchases and expansions are part of our efforts to optimize efficiency and maximize profits during the halving,” stated Zach Bradford, CEO of CleanSpark.
Addressing concerns about the profitability of Bitcoin mining post-halving, Matthew Shultz, co-founder of CleanSpark, highlighted the importance of ensuring the company’s profitability in the competitive market.