CleanSpark Inc (NASDAQ:CLSK) shares are trading higher Tuesday as the price of Bitcoin continues to move higher. CleanSpark also announced the completion of its acquisition of three bitcoin mining data centers.
What Happened: Bitcoin broke out of its recent trading range on Monday and continued to trend higher Tuesday. At last check, Bitcoin was trading above $57,000, its highest levels in more than two years.
The price of Bitcoin appears to be benefiting from increased demand following recently approved spot ETFs and anticipation of April's halving event.
On Tuesday, CleanSpark announced that it has completed the acquisition of three bitcoin mining data centers in Mississippi, effective Tuesday, bringing its operating hash rate to over 15 exahashes per second. The company noted that initial operations have already begun.
“We are thrilled to start operating in Mississippi with our latest expansion. The teams have already racked miners, sending our fleetwide hashrate to over 15 EH/s, and we are hard at work as we sprint to add more hashrate as quickly as possible,” said Zach Bradford, CEO of CleanSpark.
“Expanding into a new state is an important milestone for our company and we are looking forward to partnering with the communities we are joining.”
CleanSpark has invested over $700 million into energy infrastructure, miners, buildings and job creation in the areas surrounding its Georgia facility. The company said it expects to bring the same level of care and attention to Mississippi.
See Also: Bitcoin Mining Stocks Are Ripping Higher: What’s Going On?
CLSK Price Action: CleanSpark shares were up 7.67% at $21.92 at the time of publication, according to Benzinga Pro.
Photo: Gaston Cerliani from Shutterstock.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
