Bitcoin miner CleanSpark expands with acquisition of first web site in Wyoming

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  • CleanSpark introduced in a press launch on Thursday that it has acquired Wyoming's first bitcoin mining web site.
  • The corporate has signed contracts for 75 megawatts of energy, with the primary web site anticipating 30 megawatts to be operational by the tip of 2024.
  • The second web site will add an extra 45 MW to CleanSpark's Wyoming hashrate.

CleanSpark introduced that it has signed a 75-megawatt energy contract and bought a brand new 30-megawatt bitcoin mining web site in Cheyenne, Wyoming, including to its rising energy era capability.

That is the corporate's first facility on the location, and when operational, CleanSpark introduced that it’ll add over 2 exahashes per second to the Nasdaq-listed BTC miner's hashrate. press launch.

In the meantime, the corporate can be eyeing a second web site within the area, closing an actual property deal that can add one other 45 MW to its Wyoming operations. As soon as this second web site comes on-line, it’s going to improve CleanSpark's hashrate by 3 EH/s.

First web site operations anticipated by year-end

The Cheyenne facility would be the second absolutely immersion-cooled facility within the firm's rising portfolio, in response to CleanSpark, which expects to be operational by the tip of the yr.

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“Following the College of Wyoming asserting the opening of its Bitcoin Institute and Senator Lummis introducing the Nationwide Enhanced Innovation, Know-how and Competitiveness via Optimized Funding (Bitcoin) Act, we’re excited to develop in a state that has publicly supported our business. CleanSpark plans to work with native, state and nationwide leaders to develop past Cheyenne and all through the gorgeous state of Wyoming,” CleanSpark CEO Zach Bradford mentioned in an announcement.

CleanSpark shall be deploying the brand new S21 Immersion XP on the new web site, leveraging the newest in Bitcoin mining equipment. The XP is presently probably the most highly effective and environment friendly BTC mining machine accessible.

CleanSpark just lately acquired GRIID Infrastructure

With the addition of Wyoming, CleanSpark now operates in three states. The corporate's portfolio consists of information facilities in Georgia, Mississippi and Wyoming, in addition to co-location areas in Tennessee and New York.

The corporate additionally introduced the acquisition of Tennessee-based mining firm GRIID Infrastructure.

If the all-stock deal, value $155 million on the time, goes via, CleanSpark would add about 100 MW of energy in 2024. The corporate goals to succeed in 200 MW at its Tennessee facility by the tip of subsequent yr and 400 MW by the tip of 2026.

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CleanSpark is considered one of a number of US-based bitcoin mining corporations that just lately met with former US President Donald Trump, with the 2024 presidential candidate saying America must be on the forefront of BTC mining.

President Trump additionally spoke on the Bitcoin 2024 convention in Nashville, Tennessee in late July.