• CLEANSPARK REPORTS $145 MILLION IN CAPITAL AND HUMAN INVESTMENTS IN GEORGIA

  • A software and services company has recently become a bitcoin miner. CleanSpark announced a $145 million series of investments in Norcross, Georgia, the location of its newly acquired 87,000-foot data center, on September 16. The money is expected to be invested in Norcross Gwinnett County over the next five years in a variety of areas, including people, skilled and highly skilled jobs, power expansion, and equipment and hardware investments.

    “We believe bitcoin mining can make a positive contribution to the neighborhoods in which we operate,” said Zach Bradford, CEO and President of CleanSpark, in the announcement. “We are committed to being socially and environmentally responsible partners, and we are excited to work with Partnership Gwinnett as we expand our relationships with other Georgia businesses and government organizations.”

    Partnership Gwinnett is a public-private partnership focused on attracting new jobs and capital investments to the county. The company is facilitating CleanSpark’s investment by connecting the miner with the more than a hundred corporations, municipalities, and educational institutions that support Partnership Gwinnett’s welfare mission.

    Gwinnett County, Georgia, is the location of CleanSpark’s most recently acquired data center. Once over 6,000 S19 bitcoin miners are deployed, the 87,000-square-foot Norcross facility is expected to increase the company’s current bitcoin mining capacity by 650 petahashes per second (PH/s). The Norcross data center, which CleanSpark purchased in August for $6.55 million, is expected to provide 20 megawatts (MW) of power to its mining operations.

    “We are delighted to welcome another company that reflects our commitment to sustainability,” said Norcross Mayor Craig L. Newton in a statement. “We are also extremely honored that such an innovative and forward-thinking corporation as CleanSpark purposefully chose Norcross as the location for its newest data center.”

    CleanSpark expects to create 20 skilled and highly skilled jobs in the region with an average annual wage of $50,000 with its new data center. The bitcoin miner expects to invest $145 million over the next five years in the Norcross facility and surrounding community, which includes $7.5 million in property, $132 million in equipment and hardware, $4.1 million in people, and $2 million in power expansion. The latter will be made possible through a partnership with Georgia Power, and the improvements will benefit the region’s power customers and community members.

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