Manning further stated that Mawson plans to focus on “the continued development of our Pennsylvania and Texas facilities, where we see the opportunity for compelling returns on capital.” He appreciated the City of Sandersville for accepting Mawson into their community and “being high-quality partners over the last several years.” Meanwhile, James Manning, CEO, and founder of Mawson, is delighted by the deal, saying the mining firm still looks forward to working more closely with CleanSpark in the future. It will also pay $11 million in common stock. As spelled out in the acquisition deal, CleanSpark is expected to pay at least $26.5 million in cash to Mawson. The funds will aid the expansion of its Midland and Sharon Bitcoin mining infrastructure in Pennsylvania by improving its total energy capacity to 220 megawatts.ĬleanSpark, on the other hand, will bank on Mawson’s acquisition to grow its hash rate by 1.4 exahashes per second (EH/s) in the coming months and to 7.0 EH/s before the end of 2023.
Mawson plans to explore the funds generated from the sale to settle its debt. CleanSpark will acquire 6,468 latest-generation mining rigs from Mawson through the deal, amounting to over $42 million. The firm confirmed the development in its Friday press release. Popular Bitcoin Miner, CleanSpark has agreed to acquire Mawson Bitcoin mining infrastructure in Sandersville, Georgia. Join Our Telegram channel to stay up to date on breaking news coverage
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