Zach Anderson
Sep 17, 2024 16:15
CleanSpark Inc. enhances its Bitcoin mining capacity with the acquisition of two sites in Mississippi and the finalization of a second site in Wyoming.
Boosting Operational Capabilities 🚀
CleanSpark Inc. (Nasdaq: CLSK), a leading entity in the Bitcoin mining sector, has revealed its acquisition of two additional mining locations near Clinton, Mississippi, along with the completion of its second site in Wyoming. This strategic initiative significantly expands the firm’s operational capacity.
Acquisitions in Mississippi 🏞️
The newly secured locations in Mississippi were purchased for a total of $5.775 million. These facilities are partially developed and will provide a combined power output of 16.5 megawatts (MW). The overall purchase price encompassed the costs necessary to finalize the site infrastructure, expected to be fully operational by December 1, 2024. Once these sites are functional, they are set to accommodate S21 pro miners, with an anticipated combined hashrate of roughly 1 exahash per second (EH/s). This addition will enhance CleanSpark’s data center portfolio in Mississippi, pushing the total to 60.5 MW.
Expansion in Wyoming ⛰️
On September 11, 2024, CleanSpark completed the acquisition of its second site in Wyoming, featuring a 45 MW facility. This location is anticipated to significantly enhance the company’s hashrate with an additional 3 EH/s upon its completion. The Wyoming site will incorporate immersion-cooled Bitcoin mining data centers, equipped with the latest generation S21 immersion XPs.
Strategic Growth Plans 📈
“With today’s announcement, our operational capability has soared to a total of 211.5 MW in just the past week. This is an increase of almost 38 percent, supporting our goal to reach 37 EH/s by the end of this year and 50 EH/s by next year,” stated Zach Bradford, CEO of CleanSpark. “The rapid expansion of CleanSpark illustrates our ongoing dedication to deliver long-term value to our shareholders.”
About CleanSpark Inc. 💡
CleanSpark (Nasdaq: CLSK) is proudly recognized as America’s Bitcoin Miner®. The company operates several data centers primarily powered by low-carbon energy sources, promoting Bitcoin as a key component for financial independence and inclusion. CleanSpark is also committed to fostering trust and transparency among its staff and the communities in which it operates.
Hot Take 🔥
The acquisitions by CleanSpark not only represent a bold step in expanding operations but also reflect the company’s long-term vision in the dynamic Bitcoin landscape. With increasing hashrate capabilities and a commitment to sustainability, CleanSpark positions itself as a significant player amid rapid industry changes.
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