Bitcoin mining difficulties may be a good thing for this BTC mining company

ambcrypto.com:

Bitcoin [BTC] miner CleanSpark has entered into anagreement to purchase Mawson Infrastructure Group’s mining facility. This facility stands in Sandersville, Georgia and was purchased for as much as $33 million.

CleanSpark has also agreed to purchase 6,468 mining ASICs from Mawson for approximately $9.5 million. The maximum purchase price for the facility and miners is $42.5 million.

“The site is nothing but impressive—well-run by over 20 dedicated professionals who have taken significant pride in the design, development, and maintenance of the site. We are enthusiastic about Georgia and believe that our expansion there will continue to build value for our shareholders,” said Zachary Bradford, CEO, CleanSpark.

The Sandersville operational site includes 80 MW of the total capacity. Furthermore, it supports 2.4 EH/s of BTC mining. Its total planned capacity is 230 MW, expected to support 7.0 EH/s.

This site would be capable of supporting 70,000 latest generation miners capable of producing over 7.0 EH/s.

Theacquisition adds another milestone in a string of recent acquisition deals made by CleanSpark during this year’s crypto crash. Only recently, Cleansparkbought 10,000 latest generation Antminer S19j Pro mining machines for $28.0 million. This was after credits and discounts. The deal expanded its Bitcoin mining capacity by 1 EH/s.  

Furthermore, on 19 August 2022, the companycompleted the acquisition of a Bitcoin mining facility in Washington, Georgia for $16.2 million. The site is expected to add 2.6 EH/s.

Furthermore, the organization acquired another mining facility in Georgia, Washington, on 9 August 2022. The company entered into an agreement toacquire the mining facility for $16.2 million. The site, currently at 36