CleanSpark Expands Bitcoin Mining Operations in Wyoming
- 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.
CleanSpark, a prominent player in the Bitcoin mining industry, has recently expanded its operations to Wyoming with the acquisition of a new mining farm. This strategic move is in line with the company’s vision to increase its computing power and hash rate in the world of cryptocurrency mining.
Growing Capacity in Wyoming
By securing a 75-megawatt power contract and establishing a 30-megawatt mining farm in Cheyenne, CleanSpark is set to bolster its presence in Wyoming significantly. The company’s plans to open a second site with an additional 45 MW capacity further demonstrate its commitment to expanding its operations in the region.
Transitioning to a new facility in Cheyenne, CleanSpark aims to leverage cutting-edge technology, including the latest Bitcoin mining machines, to enhance its mining capabilities. The company’s focus on utilizing immersive cooling techniques underscores its dedication to efficiency and sustainability in the mining process.
Strategic Acquisitions and Industry Recognition
In addition to its Wyoming venture, CleanSpark recently acquired GRIID Infrastructure, further solidifying its position in the market. The company’s collaboration with industry leaders and its engagement with key figures like former President Donald Trump highlight its commitment to driving innovation and growth in the Bitcoin mining sector.
As CleanSpark continues to expand its operations across multiple states and enhance its technological infrastructure, it remains at the forefront of the evolving cryptocurrency landscape, poised for continued success and impact in the industry.
