US crypto mining company CleanSpark has entered into a definitive agreement with WAHA Technologies to purchase an operating cryptocurrency mining operation for $16.2 million.
CleanSpark has also purchased approximately 3,400 Antminer S19 series miners installed at the facility for approximately $8.9 million.
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The company will also place equipment already paid for and delivered to the company. As a result, CleanSpark's hashrate is expected to increase by about 1.1 EH/s or 38% by the end of Q3.
The data center located in Washington, Georgia, has a capacity of 36 MW, which can be expanded by an additional 50 MW. The facility primarily consumes power from low-carbon sources, such as nuclear power plants.
The parties expect to close the deal within 30 days.