Bitcoin mining firm CleanSpark Inc. said it has agreed to acquire seven Bitcoin mining facilities and land in the Knoxville, Tennessee area for $27.5 million. In an announcement, CleanSpark said the acquisition aligns with its overarching strategy to expand its mining operations in regions with favourable political and energy environments. Tennessee, with similarities to Georgia, is where the company has made substantial investments, and is being seen as an ideal location for this latest expansion. The company projects that the hash rate from the acquired facilities will reach 5 exahashes per second (EH/s) once the latest generation S21 Pro miners are installed.
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