CleanSpark Inc., a prominent player in the Bitcoin mining industry, has completed the acquisition of two Bitcoin mining sites in Cheyenne, Wyoming. The $18.75 million transaction marks a significant expansion of CleanSpark’s operational footprint, bringing an additional 75 megawatts (MW) of power capacity to the company’s portfolio.

The first of these sites, which features a power capacity of 30 MW, is expected to add over 2 exahashes per second (EH/s) to CleanSpark’s total hashrate once fully operational. The site will utilize the latest S21 immersion XP mining machines, designed for enhanced efficiency and performance. Groundbreaking is slated for immediate commencement, with full operations expected by the end of 2024.

In addition to this, CleanSpark is in the final stages of securing the underlying real estate for a second site in Wyoming. This location is projected to bring an additional 45 MW online, contributing an extra 3 EH/s to the company’s total hashrate. Wyoming now joins Georgia, Mississippi, Tennessee, and New York as part of CleanSpark’s expanding network of Bitcoin mining data centers​.

CleanSpark’s CEO, Zach Bradford, expressed excitement about the acquisition, stating, “On the heels of the University of Wyoming announcing the launch of its Bitcoin Research Institute and Senator Lummis introducing the BITCOIN Act, we are thrilled to expand in a state so publicly supportive of our industry.”

This move underscores CleanSpark’s strategic focus on expanding its operations in regions that support the growth and sustainability of the Bitcoin mining industry​.

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