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CLSK Expansion Data (Patreon)

Published:
2024-09-12 00:49:53
Imported:
2026-06
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Big news re an acq today and it had some interesting metrics.

  • CleanSpark's Acquisition: CleanSpark is acquiring seven Bitcoin mining sites in Tennessee, along with associated properties, for $27.5 million. These facilities have a combined power capacity of 85 megawatts (MW).

  • Hash Rate Increase: The new sites are expected to increase CleanSpark's hash rate by over 22%, potentially reaching 5 exahashes per second (EH/s) once the latest S21 Pro miners are fully installed.

  • Future Growth Projections: CleanSpark's CEO, Zach Bradford, anticipates the company could reach 37 EH/s by the end of 2024 with the addition of these new facilities.

  • Strategic Timing: The company has strategically timed its mining server purchases to take advantage of favorable market conditions, allowing them to immediately fill acquired data center space.

  • Recent Bitcoin Production: In August, CleanSpark mined 478 BTC and increased its operational hashrate by 1.4 EH/s. As of August 31, the company held 7,558 BTC.

CLSK are the only miner I see not only talking about aggressively acquiring Riggs but also locations and also setting them up fast. It's a very intense focus if the bitcoin price break 70 K I do expect CLSK to be above 20 bucks again.

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Comments

MGM

Let us not forget - CLSK was at more then $20 just a couple months ago! Without BTC >$70,without the additional EH/s. It is not all roses - they are the most diluted miner for the last 9 months! A valid question:What is to stop them dilute again and again every time the share price gets to $15?Nothing and the management have just proved it. Again! Honest question:How many of us bought CLSK with target of just $20?

Olé, Olé, Ondré

My targety of CLSK: 9,85$ sell 5% 10,85$ sell 5% 11,38$ sell 5% 12,59$ sell 15% Buy at 8,10$

Michael A
>>149210589

Do you really believe they would dilute every 6 to 10 months? Is that what you're saying? Maybe every three years. But hard for me to imagine it would be more than once in two years.

lee

They already diluted once.

lee

Ya and know clsk the will dilute again to raise cash to pay for it

MushroomCoffee

James are you still laying out of sol around the 368 dollar mark?

Wily Puma

Thank you for the in depth update James

simipanda

James, would it be possible for you to write a post on how we should vote as CLSK shareholders on diluting stock? I think there are 2 questions in the vote, board recommended obviously being Yes.

KoKoPelli

There are no state taxes in Tennessee as well, let that sink in 💰

Oyster

Seem like everyone is waiting for a $20 uptick then getting out, who’s going to be first? Lol

Ms Strategy

What is it going to take to get the market excited about CLSK again