Bitcoin miner CleanSpark expands with first site acquisition in Wyoming

• CleanSpark said in a press release on Thursday that it has acquired its first Bitcoin mining site in Wyoming.
• The company executed 75 megawatts of power contracts, with 30 MW for the first site expected online by end of 2024. 
• A second site will bring the next 45 MW to CleanSpark’s Wyoming hashrate.

CleanSpark has announced that it executed 75 megawatts of power contracts and added to its growing capacity with the acquisition of a new 30 megawatts Bitcoin mining site in Cheyenne, Wyoming.

This is the company’s first site in the location. When it becomes operational, it will add more than 2 exahashes per second to the Nasdaq-listed BTC miner’s hashrate, CleanSpark said in a press release.

Meanwhile, the company also eyes a second site in the area, with closing of a deal for the real estate set to see the rollout of an additional 45 MW to the Wyoming operations. This second site coming online will add 3 EH/s to CleanSpark’s hashrate.

Operations at first site expected before year end

According to CleanSpark, the Cheyenne-based facility is a fully immersion-cooled site – the second such facility in the company’s growing portfolio. The miner expects operations to go live before the end of the year.

“On the heels of the University of Wyoming announcing the launch of its Bitcoin Research Institute and Senator Lummis introducing the Boosting Innovation, Technology and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act, we are thrilled to expand in a state so publicly supportive of our industry. Working together with local, state and national leaders, CleanSpark plans to grow its footprint beyond Cheyenne, throughout the beautiful state of Wyoming,” Zach Bradford, CEO of CleanSpark, said in a statement.

CleanSpark will deploy the new S21 immersion XPs at the new site, tapping into the latest Bitcoin mining machines. The XPs are currently the most powerful and efficient of BTC mining machines.

CleanSpark recenty acquired GRIID Infrastructure

With the addition of Wyoming, CleanSpark now increases its presence into three states. The miner’s portfolio includes data centers in Georgia, Mississippi, and Wyoming, as well as co-locations in Tennessee and New York.

The company also disclosed its acquisition of Tennessee-based miner GRIID Infrastructure.

Once the all-stock deal worth $155 million at the time finalizes, CleanSpark will adds about 100 MW of power in 2024. It targets reaching 200 MW by end of next year and 400 MW by end of 2026 for the Tennessee facility.

CleanSpark is one of the US-based Bitcoin mining companies that recently met with former US president Donald Trump, a meeting that saw the 2024 presidential candidate say America needs to be at the forefront of mining BTC.

Trump also spoke at the Bitcoin 2024 conference in Nashville, Tennessee in late July.