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CleanSpark Expands Bitcoin Mining Operations with New Wyoming Site
(Originally posted on : Crypto News – iGaming.org )
As America’s Bitcoin Miner®, CleanSpark Inc. (Nasdaq: CLSK) has acquired its first Bitcoin mining site in Wyoming and secured 75 MW of power contracts, indicating big development intentions. Once it is operational, CleanSpark’s hashrate is estimated to increase by more than 2 exahashes per second (EH/s) at this new site in Cheyenne, which has an initial power capacity of 30 MW.
The Cheyenne plant, the second of its kind in CleanSpark’s portfolio, will run as a fully immersion-cooled site. With plans to start construction as soon as possible, activities should start by the end of 2024. CleanSpark intends to mine Bitcoin with the most potent and effective S21 immersion XPs now on the market. Furthermore, initiatives are being made to increase the site’s electricity capacity, further enhancing its operational capabilities.
Expansion Across Multiple States
This acquisition marks Wyoming as the third state in CleanSpark’s Bitcoin mining portfolio, which now includes twelve data centers in Georgia, three in Mississippi, one in Wyoming, and co-locations in Tennessee and New York. The company is also finalizing the acquisition of GRIID Infrastructure to increase its operational hashrate in Tennessee. CleanSpark’s CEO, Zach Bradford, expressed excitement about expanding in Wyoming, stating, “On the heels of the University of Wyoming announcing the launch of its Bitcoin Research Institute and Senator Lummis introducing the Boosting Innovation, Technology and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act, we are thrilled to expand in a state so publicly supportive of our industry. Working together with local, state, and national leaders, CleanSpark plans to grow its footprint beyond Cheyenne, throughout the beautiful state of Wyoming.”
The newly acquired Wyoming site will not only enhance CleanSpark’s mining capacity but also contribute an additional 3 EH/s to the company’s overall hashrate once the second site with 45 MW of power comes online. CleanSpark’s strategic move aligns with its goal to expand its footprint and operational capabilities across the United States.
CleanSpark continues to solidify its position as a leader in the Bitcoin mining industry, leveraging advanced technology and strategic acquisitions to drive growth and innovation.
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