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.