CleanSpark (CLSK) Executes 75 MW Power Contracts and Acquires Bitcoin Mining Site in Wyoming

CleanSpark
Inc.
(Nasdaq:
CLSK),
a
prominent
player
in
the
Bitcoin
mining
industry,
has
announced
the
successful
execution
of
75
MW
of
power
contracts
and
the





acquisition
of
its
first
Bitcoin
mining
site
in
Wyoming,
according
to

investors.cleanspark.com.

Strategic
Expansion
in
Wyoming

The
newly
acquired
site,
located
in
Cheyenne,
boasts
a
power
capacity
of
30
MW
and
is
expected
to
contribute
over
2
exahashes
per
second
(EH/s)
to
CleanSpark’s
hashrate
once
operational.
This
site
will
operate
as
a
fully
immersion-cooled
facility,
marking
the
second
such
establishment
in
CleanSpark’s
expanding
portfolio.
Groundbreaking
is
set
to
commence
immediately,
with
an
operational
target
set
for
the
end
of
2024.

Future
Growth
Plans

CleanSpark
is
also
working
on
securing
additional
power
to
further
enhance
the
operational
capacity
of
the
Cheyenne
site.
The
company
is
in
the
process
of
closing
the
underlying
real
estate
for
a
second
site
in
Wyoming,
expected
to
add
an
additional
45
MW
and
3
EH/s
to
its
hashrate.
This
expansion
aligns
with
CleanSpark’s
strategic
growth
plans,
as
the
company
aims
to
broaden
its
footprint
across
Wyoming.

Broader
Impact
and
Industry
Support

This
acquisition
is
part
of
CleanSpark’s
broader
strategy
to
expand
its
operations
in
supportive
environments.
Wyoming
has
recently
shown
significant
support
for
the
cryptocurrency
industry,
with
initiatives
such
as
the
University
of
Wyoming’s
Bitcoin
Research
Institute
and
Senator
Lummis’s
introduction
of
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,”
said
CleanSpark
CEO
Zach
Bradford.
“Working
together
with
local,
state,
and
national
leaders,
CleanSpark
plans
to
grow
its
footprint
beyond
Cheyenne,
throughout
the
beautiful
state
of
Wyoming.”

About
CleanSpark

CleanSpark
(Nasdaq:
CLSK)
is
recognized
as
America’s
Bitcoin
Miner.
The
company
owns
and
operates
multiple
data
centers
that
primarily
use
low-carbon
power.
Its
infrastructure
supports
Bitcoin,
a
crucial
digital
commodity
for
financial
independence
and
inclusion.
CleanSpark
is
committed
to
transparency
and
trust
among
its
employees
and
the
communities
where
it
operates.
More
information
can
be
found
on
their

official
website.

Forward-Looking
Statements

This
announcement
contains
forward-looking
statements,
including
expectations
regarding
the
deployment
of
new
mining
equipment,
expansion
plans,
and
future
operational
capacity.
These
statements
are
subject
to
various
risks
and
uncertainties
that
could
cause
actual
results
to
differ
materially
from
those
projected.
Factors
include
the
availability
of
electrical
power,
successful
deployment
of
new
miners,
regulatory
changes,
and
market
conditions.
CleanSpark
assumes
no
obligation
to
update
these
statements,
except
as
required
by
law.

Image
source:
Shutterstock