CleanSpark (CLSK), a bitcoin miner, has begun the construction of 50 megawatts (MW) of infrastructure, which could increase its computing power by 25% to 34%. CleanSpark has been able to profit from the bear market by purchasing distressed assets while its peers are facing bankruptcies and looming debt. In August, the miner paid $25.1 million for a 36 MW mining site in Washington, Georgia, including 3,400 rigs installed on the site, as part of a summer acquisition spree. According to a press release issued on Thursday, the Washington site had exclusive rights to another 50 MW of power, which CleanSpark is now developing.
