CleanSpark Expands Its Mining Capacity Amid Industry Consolidation

CleanSpark continues its aggressive expansion strategy in 2024, acquiring new mining facilities and increasing its capacity. The company’s most recent M&A deals added 574 megawatts of capacity, bringing its total to one of the highest in the industry. These acquisitions come as part of a larger trend where 67% of mining deals in 2024 occurred after Bitcoin’s fourth halving.

CleanSpark’s ability to secure additional capacity positions it as a major player in the Bitcoin mining sector, especially as smaller miners struggle to keep up with rising operational costs and mining difficulty. The company’s leadership in expanding capacity during an industry consolidation phase could give it a competitive edge in the coming years.