CleanSpark Inc. Expands Bitcoin Mining Operations with Acquisitions in Mississippi and Wyoming
Zach Anderson | Sep 17, 2024 16:15
CleanSpark Inc. (Nasdaq: CLSK), a leading player in the Bitcoin mining industry, has recently made strategic moves to enhance its operational capacity. The company has acquired two new mining sites near Clinton, Mississippi, and closed on a second site in Wyoming, marking a significant expansion for CleanSpark.
Mississippi Acquisitions
The two newly acquired sites in Mississippi were purchased for a combined price of $5.775 million. These sites, which are partially complete, will support a total of 16.5 megawatts (MW) of power. Once fully operational by December 1, 2024, these sites will house S21 pro miners, contributing to an expected combined hashrate of approximately 1 exahash per second (EH/s). This expansion will bring CleanSpark’s data center portfolio in Mississippi to 60.5 MW.
Wyoming Expansion
CleanSpark also recently finalized the acquisition of a 45 MW facility in Wyoming. This facility is expected to significantly increase the company’s hashrate by an additional 3 EH/s upon completion. The Wyoming site will feature immersion-cooled Bitcoin mining data centers, supporting the latest generation S21 immersion XPs.
Strategic Growth
Zach Bradford, the CEO of CleanSpark, highlighted the company’s rapid growth, with a total operational capacity of 211.5 MW added in the last seven days. This increase of nearly 38 percent will not only support CleanSpark’s target of 37 EH/s by the end of 2024 but also its target of 50 EH/s in 2025. Bradford emphasized CleanSpark’s commitment to delivering long-term shareholder value through strategic expansion.
About CleanSpark
CleanSpark (Nasdaq: CLSK) is known as America’s Bitcoin Miner®, operating data centers primarily powered by low-carbon sources to support Bitcoin mining. The company believes in the importance of Bitcoin as a tool for financial independence and inclusion. CleanSpark upholds values of trust and transparency among its employees and the communities where it operates.
For more information about CleanSpark and its operations, visit their official website at www.cleanspark.com.
Image source: Shutterstock
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