Business
CleanSpark to Acquire 75 MW of Bitcoin Mining Sites in Wyoming for $18.75 Million
The agreement includes the potential to expand the sites by an additional 55 MW Wyoming now third state in Company's portfolio of owned-and-operated bitcoin
About this update from Cleanspark, Inc.
[{"type":"text","content":"The agreement includes the potential to expand the sites by an additional 55 MW\nWyoming now third state in Company's portfolio of owned-and-operated bitcoin mining facilities\nLAS VEGAS, May 9, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today announced it has entered into definitive agreements to acquire two bitcoin mining locations in Wyoming, with 75 MW of available power, for a cash payment of $18.75 million. The agreement is anticipated to close in 45 days and the sites are expected to add over four exahashes per second (EH/s) once fully operational. The company plans to break ground on the new facilities shortly after closing.\n\n \n \n \n \n \n \n\n \nThe company plans to deploy a combination of S21 and S21 pros, the most powerful and efficient generation of bitcoin mining machines, from orders placed and fully funded earlier this year. The agreement includes the potential to expand the sites by an additional 55 MW. Combined, the two facilities would add over 7 EH/s to CleanSpark's hashrate as the Company continues its path of sustained progress toward 50 EH/s.\n\"Just three short months ago, we took a leap and expanded into Mississippi,\" said Zach Bradford, CEO. \"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 and we are well positioned to take advantage of similar acquisitions in the wake of the halving.\"\nCleanSpark owns and operates eight different data centers across the American south, with nearly 400 MW currently under management. It co-locates about 50 MW of machines at a data center in upstate New York. The Company previously announced the purchase of three bitcoin mining sites in Mississippi with a hashrate of 2.4 EH/s. CleanSpark has one of the largest owned-and-operated bitcoin mining fleets in North America.\nAbout CleanSparkCleanSpark (Nasdaq: CLSK) is America's Bitcoin Miner™. We own and operate data centers that primarily run on low-carbon power. Our infrastructure responsibly supports Bitcoin, the world's most important digital commodity and an essential tool for financial independence and inclusion. We cultivate trust and transparency among our employees and the communities we operate in. Visit our website at www.cleanspark.com.\nForward-Looking Statements...