CleanSpark's CFO said that the firm will continue to take advantage of any good crypto mining deals this year, after a huge buying spree in 2022.
could be in potential trouble. Hence the company wants to be in a position to be able to “pick off infrastructure and assets at good deals” similar to what it has done previously.more than 3,840 Antminer S19J Pro mining machines at below-market prices.
Months before in September, the firm acquired Mawson's Bitcoin mining facility in Sandersville, Georgia for $33 million as well as a 36-megawatt facility in the same country for $16.2 million. The company also purchased thousands of Bitcoin miners for a"substantially discounted price” over June and July 2022.In January, CleanSpark announced that it wasin the state of Georgia. A new 50-megawatt Bitcoin mining facility in the city of Washington is expected to be completed in late spring.
Per its fiscal Q1 earnings report, CleanSpark reported that it had mined 1,531 BTC for the period, a 132% increase over the same prior year period. However, revenue had decreased 25% from the same period last year falling to $27.8 million. Its adjusted EBITDA had decreased to $1.4 million.
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