Originally published on: August 01, 2024
CleanSpark, a Nasdaq-listed Bitcoin miner, is making significant strides in expanding its operations with the introduction of a cutting-edge facility in Cheyenne, Wyoming. Anticipated to be fully operational by the end of the year, this groundbreaking facility marks the company’s ambitious plans for growth. Additionally, CleanSpark is in the process of acquiring a second site in Wyoming and is venturing into Tennessee through the acquisition of GRIID Infrastructure.
With 75 megawatts of power contracts secured in Wyoming, CleanSpark is poised to take its mining capabilities to the next level. A significant portion of this power will be dedicated to running S21 immersion XP application-specific integrated circuits (ASICs), boosting the company’shash rate by 2 EH/s. In its pursuit of efficient power sources, CleanSpark is actively seeking additional opportunities for sustainable energy.
The remaining contracted 45 MW is designated for the second Wyoming site, expected to enhance the company’s hashrate by an additional 3 EH/s upon completion. This strategic expansion into Wyoming complements CleanSpark’s existing operations in Georgia and Mississippi, providing a broader footprint for the company’s operations.
CEO Zach Bradford expressed optimism about CleanSpark’s future endeavors, citing plans to add over 400 MW of capacity in Tennessee through the acquisition of GRIID Infrastructure. This milestone deal, valued at $155 million, will further solidify CleanSpark’s position in the competitive crypto mining industry.
Having recently surpassed Riot Platforms as the United States’ second-largest crypto miner by market cap, CleanSpark is rapidly gaining recognition for its growth and innovation. The company’s proactive approach to expansion includes acquiring new facilities and increasing its Bitcoin mining output. In June alone, CleanSpark mined 445 BTC, bringing its total for the year to 3,614 BTC.
As CleanSpark continues to forge ahead with its mining expansion across multiple states, its industry impact is set to grow exponentially. Stay tuned for more updates on this dynamic company’s journey to success in the crypto mining landscape.