- CleanSpark said in a press release Thursday that it has acquired the first Bitcoin mining farm in Wyoming.
- The company has executed power contracts for 75 MW, with the first site expected to bring 30 MW online by the end of 2024.
- The second site will bring the next 45 MW of power to CleanSpark’s Wyoming computing power.
CleanSpark announced the execution of a 75-megawatt power contract and the addition of its growing capacity with the acquisition of a new 30-megawatt Bitcoin mining farm in Cheyenne, Wyoming.
This is the company’s first site at this location. CleanSpark said in a report that when it becomes operational, the Nasdaq-listed BTC miner’s hash rate will increase by more than 2 exahashes per second. Press release.
Meanwhile, the company is also eyeing a second location in the region, which will bring an additional 45 megawatts of installation capacity to its Wyoming operations as the real estate deal closes. Once the second website goes live, CleanSpark’s hash rate will increase by 3 EH/s.
The first site is expected to be operational by the end of the year
According to CleanSpark, the facility in Cheyenne is a fully immersion-cooled facility, the second such facility in the company’s growing portfolio. The miner expects operations to be operational by the end of this year.
“The University of Wyoming announced the launch of the Bitcoin Institute and Senator Loomis introduced the Advancing Innovation, Technology, and Competitiveness through Optimized Investments Nationwide (Bitcoin) Act, and we are excited to do so in a state that has so publicly supported our Expansion. “CleanSpark plans to expand its footprint beyond Cheyenne and throughout the beautiful state of Wyoming in partnership with local, state and national leaders,” CleanSpark CEO Zach Bradford said in a statement.
CleanSpark will deploy the new S21 Immersive XP at the new site, utilizing the latest Bitcoin mining machines. XP is currently the most powerful and efficient BTC miner.
CleanSpark recently acquired GRIID Infrastructure
With the addition of Wyoming, CleanSpark now expands to three states. The miner’s portfolio includes data centers in Georgia, Mississippi, and Wyoming, as well as data centers in Tennessee and New York.
The company also disclosed its acquisition of Tennessee mining company GRIID Infrastructure.
CleanSpark will add about 100 megawatts of power in 2024 once the all-stock deal, valued at $155 million at the time, is finalized.
CleanSpark, a US-based Bitcoin mining company, recently met with former US President Donald Trump, where the 2024 presidential candidate stated that the United States needs to be at the forefront of BTC mining.
Trump also spoke at the Bitcoin 2024 conference in Nashville, Tennessee, in late July.
Expanding Operations with CleanSpark’s Recent Acquisitions
In the dynamic world of cryptocurrency mining, CleanSpark has made significant moves to expand its operations, with a recent focus on Wyoming and Tennessee. Let’s delve into the details of CleanSpark’s latest developments and acquisitions.
Acquisition of Bitcoin Mining Farm in Wyoming
CleanSpark made headlines with its acquisition of the first Bitcoin mining farm in Wyoming, marking a strategic move to establish a presence in the state known for its support of cryptocurrency innovation. The company secured power contracts for 75 MW, with plans to bring 30 MW online by the end of 2024 at the first site. An additional 45 MW will be added at the second site, boosting CleanSpark’s computing power in Wyoming.
Transitioning to a sustainable approach, CleanSpark’s facility in Cheyenne boasts full immersion cooling, ensuring efficient operations. The company aims to have the first site fully operational by the year’s end, significantly enhancing its hash rate upon commencement.
Expansion to Three States and Acquisition of GRIID Infrastructure
With the addition of Wyoming, CleanSpark’s footprint now spans three states, including Georgia and Mississippi. The company diversified its portfolio further by acquiring GRIID Infrastructure in Tennessee, a move expected to add 100 megawatts of power once finalized.
Building on this growth trajectory, CleanSpark’s CEO Zach Bradford emphasized plans to collaborate with local, state, and national leaders for continued expansion. The company’s recent meeting with former US President Donald Trump underscored the importance of the United States being a leader in Bitcoin mining, aligning with CleanSpark’s vision for industry advancement.
