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CleanSpark to acquire Mawson’s Georgia mining facility for up to $42.5 mln

Nishit Jogi by Nishit Jogi
September 10, 2022
in News
Reading Time: 1 min read
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Home » News » CleanSpark to acquire Mawson’s Georgia mining facility for up to $42.5 mln

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Cryptocurrency miner CleanSpark on Thursday announced an agreement to buy Mawson Infrastructure Group’s Bitcoin mining facility in Georgia as well as 6,468 latest-gen mining rigs. The deal is supposed to be for about $42.5 million and marks the latest in CleanSpark’s buying streak to combat the oncoming Crypto Winter. CleanSpark will finance the deal by payment of $26.5 million in cash, $11 million in stock, and $5 million of seller financing. The deal is supposed to increase CleanSpark’s computing power by 1.4 exahashes per secoEH/S), bringing the total to 5.2 EH/S. 

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