CleanSpark, a leading bitcoin mining company, has made a significant move to boost its mining capacity. The company has purchased five turnkey bitcoin mining facilities in Georgia for a whopping $25.6 million. This acquisition is expected to increase CleanSpark's operating hashrate to over 3.7 exahashes per second (EH/s), bringing the company closer to its mid-year target of achieving 20 EH/s.

The five facilities, ranging in size from 8 to 15 megawatts, will add a total of 60 MW to CleanSpark's existing infrastructure in Georgia, which currently stands at 300 MW. This expansion will not only enhance the company's load balancing capabilities but also demonstrate its commitment to scaling efficiently and sustainably.

CleanSpark's CEO, Zach Bradford, expressed his excitement about the acquisition, stating that it underscores the company's dedication to mining bitcoin in a way that is both efficient and sustainable. This move comes just a month after CleanSpark acquired two bitcoin mining locations in Wyoming, further solidifying its position in the industry.

The company's stock has seen a significant surge this year, outpacing bitcoin's year-to-date gain. CleanSpark's commitment to sustainable mining practices has also caught the attention of former US President Donald Trump, who recently met with several bitcoin miners, including CleanSpark's co-founder, S. Matthew Schultz.

In conclusion, CleanSpark's latest acquisition is a significant milestone in the company's expansion plans. With its focus on sustainable and efficient mining practices, CleanSpark is poised to become a leader in the bitcoin mining industry. As the company continues to grow, it's likely that its stock will continue to outperform the market, making it an attractive investment opportunity for those interested in the cryptocurrency space.