CleanSpark Expands Bitcoin Mining Operations with New Sites in Mississippi and Wyoming

CleanSpark
Inc.
(Nasdaq:
CLSK),
a
prominent
player
in
the
Bitcoin
mining
industry,
has
announced
the
acquisition
of
two
new
mining
sites
near
Clinton,
Mississippi,
and
the
closure
of
a
second
site
in
Wyoming.
This
strategic
move
marks
a
significant
expansion
in
the
company’s
operational
capacity,
according
to

investors.cleanspark.com.

Mississippi
Acquisitions

The
newly
acquired
sites
in
Mississippi
come
with
a
combined
purchase
price
of
$5.775
million.
These
sites
are
partially
complete
and
will
support
a
total
of
16.5
megawatts
(MW)
of
power.
The
purchase
price
includes
the
cost
of
completing
the
site
infrastructure,
which
is
expected
to
be
turnkey
ready
by
December
1,
2024.
Once
operational,
these
sites
will
house
S21
pro
miners,
contributing
an
expected
combined
hashrate
of
approximately
1
exahash
per
second
(EH/s).
This
addition
will
increase
CleanSpark’s
data
center
portfolio
in
Mississippi
to
60.5
MW.

Wyoming
Expansion

On
September
11,
2024,
CleanSpark
finalized
the
acquisition
of
its
second
site
in
Wyoming,
a
45
MW
facility.
This
site
is
expected
to
significantly
boost
the
company’s
hashrate
by
an
additional
3
EH/s
upon
completion.
The
Wyoming
facility
will
feature
immersion-cooled
Bitcoin
mining
data
centers,
supporting
the
latest
generation
S21
immersion
XPs.

Strategic
Growth

“Including
today’s
announcement,
our
operational
capacity
has
soared
over
the
last
seven
days,
totaling
211.5
MW
of
new
capacity.
That’s
an
increase
of
nearly
38
percent,
which
will
not
only
support
our
target
of
37
EH/s
by
the
end
of
2024
but
also
our
target
of
50
EH/s
in
2025,”
said
Zach
Bradford,
CEO
of
CleanSpark.
“CleanSpark’s
rapid
growth
underscores
our
ongoing
commitment
to
deliver
long-term
shareholder
value.”

About
CleanSpark

CleanSpark
(Nasdaq:
CLSK)
is
recognized
as
America’s
Bitcoin
Miner®.
The
company
owns
and
operates
multiple
data
centers
that
primarily
run
on
low-carbon
power,
supporting
Bitcoin,
which
is
considered
an
essential
tool
for
financial
independence
and
inclusion.
CleanSpark
is
committed
to
cultivating
trust
and
transparency
among
its
employees
and
the
communities
it
operates
in.

For
more
information,
visit
their
official
website
at

www.cleanspark.com.

Image
source:
Shutterstock