Jack Anderson
17 Sep 2024 16:15
CleanSpark Inc. has significantly expanded its operational capacity by acquiring two Bitcoin mining farms in Mississippi and completing construction of a second mine in Wyoming.
CleanSpark Inc. (Nasdaq: CLSK), a prominent player in the Bitcoin mining industry, announced the acquisition of two new mining farms near Clinton, Mississippi, and the closure of a second mine in Wyoming. According to investors.cleanspark.com, this strategic move represents a significant expansion of the company’s operational capacity.
Mississippi Acquisition
The total purchase price for the newly acquired site in Mississippi is $5,775,000. The site is partially completed and will support a total of 16.5 megawatts (MW). The purchase price includes the cost of completing the site infrastructure, which is expected to be turnkey ready by December 1, 2024. Once operational, the site will house S21 Pro miners, providing an expected combined hash rate of approximately 1 exahash per second (EH/s). This addition will bring CleanSpark’s data center portfolio in Mississippi to 60.5 MW.
Wyoming Expansion
On September 11, 2024, CleanSpark completed the acquisition of a 45MW facility, its second site in Wyoming. This site is expected to significantly increase the company’s hashrate by an additional 3 EH/s upon completion. The Wyoming facility features an immersion-cooled Bitcoin mining data center supporting the latest generation S21 immersion XP.
Strategic Growth
“Including today’s announcement, we have seen a dramatic increase in operating capacity over the past seven days, bringing our total new capacity to 211.5 MW. This represents an increase of approximately 38% and will support our goal of 37 EH/s by the end of 2024, as well as 50 EH/s by 2025,” said Zach Bradford, CleanSpark CEO. “CleanSpark’s rapid growth underscores our ongoing commitment to delivering long-term shareholder value.”
Introducing Cleanspark
CleanSpark (Nasdaq: CLSK) is recognized as a Bitcoin Miner® in the United States. The company owns and operates multiple data centers that are primarily powered by low-carbon electricity, and supports Bitcoin as a vital tool for financial independence and inclusion. CleanSpark is committed to fostering trust and transparency between its employees and the communities in which it operates.
For more information, please visit our official website at www.cleanspark.com.
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