CleanSpark Inc (NASDAQ:CLSK) shares are trading higher by 5.53% to $4.77 Friday morning after the company announced it has entered into definitive agreements with Mawson Infrastructure Group Inc. (NASDAQ:MIGI) to acquire Mawson's turnkey bitcoin mining facility in Sandersville, Georgia, for up to $33 million.
CleakSpark says the transaction is expected to add 1.4 exahashes per second (EH/s) to CleanSpark's hashrate before year-end, 2.4 EH/s in early 2023 and 7.0 EH/s by the end of 2023.
This capacity supports CleanSpark's target of over 22 EH/s by the end of 2023.
CleanSpark is also trading higher in sympathy with the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) Friday morning.
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According to data from Benzinga Pro, CleanSpark has a 52-week high of $23.60 and a 52-week low of $3.75.
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