CleanSpark, Inc. (NASDAQ: CLSK) appears to be on the path to recovery, with its stock showing a 4.92% increase to $18.97 in the pre-market session following a 13.45% decline in the previous session, closing at $18.08. This rebound on US charts comes after CleanSpark achieved significant capacity through a recent acquisition.
February 26 saw the completion of the combination of CleanSpark (CLSK) with three Mississippi bitcoin mining data centers. CleanSpark’s operational hashrate has already improved to more than 15 exahashes per second as a result of this action. Apart from the present activities in Mississippi, CleanSpark intends to quickly grow its hashrate.
By utilizing the grid services capabilities of bitcoin miners to the fullest, the firm hopes to boost economic growth and generate jobs in the areas it enters. It also highlights its dedication to working in partnership with these communities. Among CleanSpark’s achievements are the augmentation of energy infrastructure, the creation of employment, and the community’s support.
The firm has created employment and energy infrastructure in Georgia worth over $700 million. It pledges to extend the same level of care and attention to Mississippi. Additionally, CleanSpark recently completed energizing the first 100 MW of its expansion in Sandersville, Georgia, boosting its fleetwide operating hashrate to over 14 exahashes per second (EH/s).
This achievement is notable for its speed of deployment, underscoring the dedication of CleanSpark’s teams and partners in Sandersville. This expansion not only brings economic development to the community but also provides valuable grid services. Due to the interruption capability of CleanSpark’s load, it can be returned to the community quickly if needed, which aligns with the company’s efforts to strengthen Georgia’s energy resilience.
CleanSpark is proving its dedication to achieving both shareholder wealth and community success as it grows and expands. As it develops operations in Mississippi and Georgia, CleanSpark hopes to use its experience in bitcoin mining to provide economic advantages and ensure energy resiliency in the areas it serves.
