CleanSpark has announced its acquisition of two bitcoin mining campuses in Georgia for $9.3 million in cash. This acquisition aligns with the company’s goal of reaching 16 EH/s by the end of the year and is expected to contribute nearly 1 EH/s to CleanSpark’s mining capabilities. The purchase will allow the company to host over 6,000 of the latest bitcoin mining machines and generate revenue. This acquisition comes as Bitcoin approaches the halving in 2024, suggesting that companies such as CleanSpark are positioning themselves ahead of the event.
In the meantime, RBX Network has launched RBX Reserve Accounts as part of its Spartan Wallet Update. These on-chain security features improve user experience and introduce major lifestyle upgrades. Users can recover compromised funds within 24 hours using personally-generated passwords and recovery codes. The update also includes improvements to file upload speeds, peer-to-peer NFT sales, and the ability to create verification signatures for proof of asset ownership, highlighting the increasing importance of security and user experience in the blockchain industry.
BTC price has risen by 9% over the past 24 hours, currently trading at $29,300. However, BTC still faces significant resistance levels at $29,500 and $30,000, potentially limiting its potential for further growth. Ted Talks Macro has set a target of $35,000 for BTC based on several bullish factors, suggesting that the cryptocurrency market could be poised for a major rally in the coming months.
Overall, blockchain technology continues to evolve and attract investment and attention from companies and investors alike. These recent developments in Bitcoin mining, security, and price fluctuations illustrate the exciting and ever-changing nature of the blockchain industry as it continues to disrupt traditional industries and lead the way in innovation.