Seeking Alpha
2020-12-10 14:31:04

CleanSpark buying Bitcoin miner ATL Data Center in $20M all-stock deal; shares up 7%

Continuing to try to bring new technology into the energy-hungry Bitcoin mining space, CleanSpark (CLSK) has agreed to purchase ATL Data Centers for up to $19.4M in common stock.The company will now have 23 mobile mining rigs in addition to its main facility.From CleanSpark: "There are currently 3,471 bitcoin mining units ("ASICs") in daily operation on site, processing approximately 190 PH/s which are using approximately 9.6 MW of capacity. We anticipate that upon completion of the equipment and energy expansion, the facility is expected to produce between 0.9-1.4 EH/s, depending on the final configuration and ASICs deployed."Source: Press ReleaseCLSK +6.95% premarket

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