CleanSpark working with Partnership Gwinnett as it announces $145 million investment into the Georgia county

  • Sep 17, 2021
  • Proactive Investors

CleanSpark Inc (NASDAQ:CLSK) has outlined the benefits of nearly $145 million of investment to the community of Gwinnett County in Georgia, as it announced a tie-up with the public-private initiative Partnership Gwinnett as the company brings its data center to the city of Norcross.

In August this year, the firm closed on the acquisition of the 87,000 square foot (sq ft) , seven acre, data center in Norcross, Georgia, to substantially increase the company's Bitcoin mining operation.

The $6.55 million purchase of the former Sprint/Nextel data center is expected to bring 20 skilled and highly skilled jobs to the community, at an average yearly wage of around $50,000. CleanSpark expects the facility to be operational later this year.

CleanSpark said it was working with Partnership Gwinnett because of its substantial role in the county and surrounding area.

Partnership Gwinnett is supported by over 100 companies, municipalities, and educational institutions.

"We believe bitcoin mining can make a positive contribution to the neighborhoods we operate in," said Zach Bradford, CleanSpark CEO in a statement.

"We are committed to being socially and environmentally responsible partners and are proud to work with Partnership Gwinnett as we grow our relationships with other businesses and governmental organizations in Georgia."

In addition to direct upgrades to the facility, CleanSpark is partnering with Georgia Power to invest in a $2 million power expansion, which is expected to benefit power customers and community members living nearby.

Cleanspark said it will also participate in Georgia’s Simple Solar program and anticipates the addition of onsite renewables, solar installations, and other microgrid energy solutions. The mining operations are expected to be 100% carbon neutral.

Over the next five years, CleanSpark’s community investment is expected to include:

"In Gwinnett County, we are focused on technological innovation and creating an environment of advancement,” said Deven Cason, Director of Business Retention and Expansion, who represented Partnership Gwinnett in conjunction with the Metro Atlanta Chamber and Georgia Power on the project.

"We are excited to welcome CleanSpark to Norcross and Gwinnett County," he added.

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