CleanSpark, a Nasdaq-listed BTC miner, has expanded its Bitcoin mining operations by acquiring its first site in Wyoming. The company has executed 75 megawatts of power contracts, with 30 MW allocated for the first site in Cheyenne. This new site is expected to go online by the end of 2024 and will add over 2 exahashes per second to CleanSpark’s hashrate.
Additionally, CleanSpark is eyeing a second site in Wyoming, which will bring an additional 45 MW to the company’s operations. This second site is projected to add 3 EH/s to CleanSpark’s hashrate. The Cheyenne-based facility will be fully immersion-cooled, making it the second facility of its kind in CleanSpark’s portfolio. Operations at this site are anticipated to commence before the end of the year.
CEO Zach Bradford expressed excitement about expanding in Wyoming, a state that has shown strong support for the Bitcoin industry. CleanSpark plans to collaborate with local, state, and national leaders to further grow its presence in Wyoming.
In addition to the Wyoming acquisition, CleanSpark recently acquired GRIID Infrastructure, a Tennessee-based miner. This acquisition will add about 100 MW of power in 2024, with the goal of reaching 200 MW by the end of next year and 400 MW by the end of 2026 for the Tennessee facility. CleanSpark now operates in three states, including Georgia, Mississippi, and Wyoming, with co-locations in Tennessee and New York.
The company is part of the US-based Bitcoin mining sector and has been actively involved in discussions about the future of BTC mining in the country. CleanSpark’s recent meeting with former US president Donald Trump highlighted the importance of America’s role in the Bitcoin mining industry. Trump’s participation in the Bitcoin 2024 conference in Nashville further emphasized the significance of mining BTC in the United States.