According to ChainCatcher, after acquiring Riot Platforms, CleanSpark, an American mining company, has become the second largest mining company by market value. CleanSpark is continuing to expand and has started construction of a new plant in Cheyenne, Wyoming, which is expected to be operational by the end of the year.
The company is also acquiring a second mining facility in Wyoming and will expand into Tennessee through the acquisition of GRIID Infrastructure. CleanSpark has signed a 75 MW power contract in Wyoming, of which 30 MW is used to run the S21 Immersion XP Application Specific Integrated Circuit (ASIC) at the planned facility. This will increase the company's hash rate by 2EH/s. CleanSpark is looking for additional power for the facility.