City Sandersville, Georgia Financial News

26.10 / 17:39

business Government Bitcoin strategies Bitcoin miners rethink business strategies to survive long-term

The Bitcoin mining industry continues to face a challenging year as the price of Bitcoin (BTC) hovers below $20,000, coupled with rising energy costs in North America and Europe. Regulators have also recently started clamping down on crypto mining, as a recent report from the Bitcoin Mining Council (BMC) found that Bitcoin has seen a 41% increase in energy consumption year-on-year (YoY). As a result, a number of crypto mining companies have been forced to sell off equipment, while others have filed for bankruptcy.

11.04 / 15:41

business Bitcoin Miner Bitcoin miner CleanSpark purchases 45,000 ASICs for $145M

On Apr. 11, American Bitcoin (BTC) miner CleanSpark announced that it purchased 45,000 Antminer S19 XP application-specific integrated circuit (ASIC) mining rigs for $144.9 million. CleanSpark says all units will be ready for delivery by Antminer before the end of September. The purchase is expected to add 6.3 exahash per second (EH/s) of mining power to its rig, which currently possesses a capacity of 6.7 EH/s.

10.02 / 06:57

business Mining Bitcoin BTC miner CleanSpark on the hunt for further crypto miner fire sales

Bitcoin (BTC) mining firm CleanSpark is planning to continue its strategy of scooping up distressed mining company assets this year.

11.09 / 06:03

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

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.

09.09 / 21:39

Blockchain Technology Mining Hardware acquires CleanSpark acquires mining facility in Georgia for $33 million

Crypto mining firm CleanSpark announced an agreement on Friday to acquire Mawson's bitcoin mining facility in Sandersville, Georgia for $33 million. The deal is anticipated to increase CleanSpark's hashrate by 1.4 exahashes per second (EH/s) in the next few months, and to 7.0 EH/s by the end of next year.

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