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CleanSpark to Purchase 75 MW of Bitcoin Mining Facilities in Wyoming for $18.75 Million

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CleanSpark Acquires Two Bitcoin Mining Locations in Wyoming, Adding 75 MW of Power

CleanSpark Inc., America’s Bitcoin Minerâ„¢, is expanding its presence in the cryptocurrency mining industry with the acquisition of two bitcoin mining locations in Wyoming. The company has entered into definitive agreements to acquire these sites, which offer 75 MW of available power, for a cash payment of $18.75 million.

Once fully operational, the two facilities are expected to add over four exahashes per second (EH/s) to CleanSpark’s hashrate. The company plans to deploy the latest generation of bitcoin mining machines, including the S21 and S21 pros, to maximize efficiency and productivity at these new locations. Additionally, the agreement includes the potential to expand the sites by an additional 55 MW, which would further increase CleanSpark’s mining capacity.

CEO Zach Bradford expressed excitement about the company’s expansion into Wyoming, highlighting the importance of diversifying their portfolio and taking advantage of strategic acquisitions in the industry. CleanSpark already owns and operates eight data centers across the American south, with nearly 400 MW under management. The company’s previous acquisition of three bitcoin mining sites in Mississippi further solidified its position as one of the largest owned-and-operated bitcoin mining fleets in North America.

With plans to break ground on the new facilities shortly after closing the agreement, CleanSpark is on track to continue its path of sustained progress towards 50 EH/s. The company’s commitment to responsible and sustainable bitcoin mining, powered by low-carbon energy sources, sets it apart in the industry.

Investors and industry observers are eagerly anticipating the closing of the agreement and the subsequent expansion of CleanSpark’s mining operations in Wyoming. As the company continues to grow its presence in the cryptocurrency mining sector, it remains focused on driving innovation and efficiency in this rapidly evolving industry.

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