CleanSpark’s mine expansion continues at its Wyoming facilities.
Nasdaq-listed Bitcoin miner CleanSpark continues to expand with a new facility in Cheyenne, Wyoming expected to be operational by the end of the year. It is also in the process of acquiring a second Wyoming site and will expand into Tennessee with the acquisition of GRIID infrastructure.
CleanSpark has executed 75 megawatts of power contracts in Wyoming, with 30 MW at a facility already planned to run S21 immersion XP application-specific integrated circuits (ASICs). This will increase the company's hash rate by 2 EH/s. CleanSpark requires additional energy sources for the facility.
The remaining 45MW contract is in hand for the second Wyoming site. CleanSpark is “progressing on closing down the underlying real estate” of that site, which is expected to add 3 EH/s to the hashrate when operational.
CleanSpark is rolling.
CleanSpark is new to Wyoming. Most of the activity is concentrated in Georgia and Mississippi. CleanSpark CEO Zach Bradford said in a statement:
“Introducing the Bitcoin Research Institute at the University of Wyoming and Senator Lummis […] BITCOIN LAW, We are very happy to expand into a publicly supported state for our industry.
CleanSpark will acquire GRIID's infrastructure for $155 million to add more than 400 megawatts of capacity in Tennessee over two years. In the same agreement, he took a joint position in New York.
Related: Hashrate Recovery Reduces Bitcoin Miners' Selling Pressure in July
CleanSpark is moving around the world.
CleanSpark displaced Riot as the second largest crypto miner in the United States in the second quarter of this year. This year is expanding rapidly. In February, it added a facility in Georgia to its existing six and moved three switches to Mississippi.
In June, another five institutions were added in Georgia, which brings its total to 12. In June, data released last month, 445 Bitcoin (BTC) a year for a total of 3,614 BTC. On June 30, he sold 8.06 BTC and had a holding of 6,591 BTC.
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