Key Takeaways
- CleanSpark is acquiring two Wyoming bitcoin mining sites for $18.75 million.
- The new sites will add 75 MW of power and potentially expand by 55 MW.
- The company aims to significantly boost its hashrate and achieve a diversified expansion strategy.
CleanSpark Inc. has announced a definitive agreement to purchase two bitcoin mining sites in Wyoming for $18.75 million.
With 75 MW of power, the sites will increase CleanSpark’s operations by more than four exahashes per second (EH/s) once fully functional.
The acquisition is set to close in 45 days, after which ground will be broken immediately.
Potential to expand capacity by 55 MW
These sites have the potential to expand their capacity by an additional 55 MW.
CleanSpark intends to install powerful S21 and S21 pro machines, boosting the combined output of the two locations to over seven EH/s.
This aligns with their goal of reaching a 50 EH/s hashrate.
Diversified expansion strategy
CEO Zach Bradford stated:
Today, I’m pleased to share that we are continuing our journey with our westward expansion into Wyoming. Diversifying our portfolio is integral to our strategy.
Wyoming is now the third state in CleanSpark’s portfolio of bitcoin mining facilities.
