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The company CleanSpark decided to actively use the situation of crypto winter for a sharp increase in the fleet of ASIC-miners on favorable terms for itself. The miner took advantage of the financial problems of competitor Mawson Infrastructure Group (MIGI) to buy out a farm in the state of Georgia usa.
The transaction is estimated at $ 42.5 million, for which CleanSpark will receive ownership of the facility, the assignment of contracts for the supply of electricity and 6648 new ASIC miners.
The company will pay only $ 26.5 million in real money MIGI will receive CleanSpark shares for $ 11 million and bills with a coupon income of $ 5 million.
Earlier, CleanSpark managed to “knock out” large discounts and profitable loans from the manufacturer Bitmain. Under the terms of the agreement, 10,000 flagship models of the Antminer S19j Pro cost the miner only $ 28 million with a market retail value of the unit in the region of $ 5400. Shipment of equipment will go without the traditional delays of several months.
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