CleanSpark Secures $2.276 Billion for Data Center Expansion and Holds 13,530 BTC

icon MarsBit
Share
This is the logo of the coin.
BTC
$83,849.301%
AI summary iconSummary
CleanSpark holds 13,530 BTC and reported mining 529 BTC in September, with BTC dominance increasing as the company expands. The miner sold 702 BTC, including 700 through call options. It has secured $2.276 billion for the Sandersville data center, expected to generate $6.6 billion in revenue. The project will be fully funded, and the company will transition to quarterly updates as it diversifies beyond BTC price-linked mining.

According to Huoxing Finance, Bitcoin News posted on X that publicly traded Bitcoin miner CleanSpark disclosed its September operational data: mining output of 529 BTC, with 702 BTC sold—700 through the exercise of call options and 2 directly on the spot market. The company holds 13,530 BTC, with an average operational hash rate of 36 EH/s and contracted power capacity of 1.8 GW. CleanSpark also revealed that 3,475 BTC in its treasury are recorded as collateral or receivables for derivative transactions. CleanSpark has secured $2.276 billion in financing for the expansion of its Sandersville data center, with related lease agreements expected to generate approximately $66 billion in contract revenue. CEO Matt Schultz stated that this financing will fully fund the project from construction through completion. As the company expands beyond Bitcoin mining, it will discontinue monthly Bitcoin mining updates and instead provide quarterly disclosures.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.