CleanSpark, a Nasdaq-listed Bitcoin miner, is expanding its operations by constructing a new facility in Cheyenne, Wyoming, set to be operational by year-end. The company is also acquiring a second site in Wyoming and venturing into Tennessee through the purchase of GRIID Infrastructure. With 75 megawatts of power contracts in Wyoming, CleanSpark plans to run S21 immersion XP ASICs, boosting its hash rate by 2 EH/s. Seeking additional power sources, the company has 45 MW contracted for the second Wyoming site. CleanSpark aims to add 400 MW of capacity in Tennessee over two years with the GRIID Infrastructure acquisition. The company recently became the second-largest crypto miner in the US by market cap, surpassing Riot Platforms. Rapidly expanding, CleanSpark has added multiple facilities in Georgia and Mississippi, mining a total of 3,614 BTC in the past year. Read more AI-generated news on: https://app.chaingpt.org/news
CleanSpark's Expansion in the Crypto Mining Industry
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