CleanSpark Snags More Bitcoin Mining Sites in Mississippi

U.S. bitcoin mining giant CleanSpark has made another acquisition, purchasing two bitcoin mining sites in Mississippi.

CleanSpark announced on Tuesday that it had entered into definitive agreements to acquire the two sites, along with associated land near Clinton, Mississippi, for $5.775 million. The sites have a total capacity of 16.5 megawatts (MW), which implies a cost of $350,000 per MW.

According to an SEC filing related to the transaction, CleanSpark bought the infrastructure from Eyas Investment Group, formerly known as Coinmaker. This is the same counterparty that sold mining sites in Georgia and Mississippi to CleanSpark in June 2023 and February 2024.

CleanSpark said the new Mississippi site will be equipped with S21 Pro Antminers, totaling 1 EH/s with an expected completion date of Dec. 1.

Additionally, CleanSpark said it had closed the transaction for a second site in Wyoming with a capacity of 45 MW. This is part of a larger 75-MW acquisition from MineOne announced in June.

As of Aug. 31, CleanSpark reported an installed hashrate of 22.6 EH/s and a realized hashrate of 21.27 EH/s for last month. The firm said the latest acquisition will help achieve its year-end target of 37 EH/s.

The Mississippi expansion follows CleanSpark’s recent acquisition of 85 MW of bitcoin mining infrastructure in Tennessee for $27.5 million, revealed just a week ago. It is also part of the $850 million mergers and acquisitions spree among large-scale bitcoin mining operations in the U.S. in anticipation of the halving earlier this year.