Fun

CleanSpark's mining expansion continues with Wyoming facilities

News Feed - 2024-08-02 03:08:07

Derek Andersen5 hours agoCleanSpark"s mining expansion continues with Wyoming facilitiesThe US miner is now the second-largest by market cap, after flipping Riot Platforms.515 Total views1 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTCOINTELEGRAPH IN YOUR SOCIAL FEEDFollow ourSubscribe onNasdaq-listed Bitcoin miner CleanSpark is continuing its expansion with the groundbreaking for a new facility in Cheyenne, Wyoming, which it expects to be operational by yearend. It is also in the process of acquiring a second Wyoming site and will expand into Tennessee through the acquisition of GRIID Infrastructure.


CleanSpark has executed 75 megawatts of power contracts in Wyoming, with 30 MW to run S21 immersion XP application-specific integrated circuits (ASICs) at the facility already planned. That will raise the company’s hash rate by 2 EH/s. CleanSpark is seeking additional power sources for the facility.


The remaining contracted 45 MW is on hand for the second Wyoming site. CleanSpark is “progressing on the close of the underlying real estate” of that site, which is expected to add 3 EH/s to the hashrate when operational.CleanSpark is getting around


CleanSpark is new to Wyoming. Most of its activity is concentrated in Georgia and Mississippi. CleanSpark CEO Zach Bradford said in a statement:“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.”


CleanSpark will add more than 400 MW of capacity over two years in Tennessee with the acquisition of GRIID Infrastructure in a deal worth $155 million. It also picked up a co-location in New York in that deal.


Related: Hashrate recovery reduces Bitcoin miners’ selling pressure in JulyCleanSpark is moving up in the world


CleanSpark displaced Riot Platforms as the United States’ second-largest crypto miner by market cap in the second quarter of this year. It has been rapidly expanding this year. In February, it added a facility in Georgia to its existing six and moved into Mississippi with three turnkey operations.Source: Cynthia Lummis


In June, it added another five facilities in Georgia, bring its total there to 12. In June, the last month it has released data for, it mined 445 Bitcoin (BTC) for a year’s total of 3,614 BTC. On June 30, it sold 8.06 BTC and had holdings of 6,591 BTC.


Magazine: Crypto voters are already disrupting the 2024 election — and it’s set to continue# Bitcoin# Bitcoin Mining# WyomingAdd reaction

News Feed

LBank Exchange Lists NBL (Nobility)
LBank Exchange Lists NBL (Nobility) press release PRESS RELEASE. INTERNET CITY, DUBAI – LBank Exchange, a global digital asset trading platform, will list NBL on September 15
German Bank Donner & Reuschel to Offer Crypto Custody Services in Response to a ‘High Market Demand’ in the Country
German Bank Donner & Reuschel to Offer Crypto Custody Services in Response to a "High Market Demand" in the Country Cryptocurrency adoption among the traditional
Crypto Trading Platforms Deal With Massive Withdrawal Requests — Over $5 Billion in BTC, ETH Removed From Exchanges
Crypto Trading Platforms Deal With Massive Withdrawal Requests — Over $5 Billion in BTC, ETH Removed From Exchanges During the last week, the crypto community has been dealing wi
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Ahead of US Consumer Sentiment Data
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Ahead of US Consumer Sentiment Data Bitcoin consolidated on Friday, as traders prepared for the release of the upcoming c
Swiss regulator forces crypto-friendly FlowBank into bankruptcy
Brayden Lindrea8 hours agoSwiss regulator forces crypto-friendly FlowBank into bankruptcyThe Switzerland-based bank reportedly had ties to the TrueUSD stablecoin issuer, Techteryx, crypto asset manager CoinShares and Bin
PEPE Whales Increased Their Holdings By $1.4 Billion Yesterday – Details
Este artículo también está disponible en español. PEPE has made headlines again, reaching a new all-time high of $0.000027 just a few hours ago. This milestone comes amid
Bolivia reports 100% rise in virtual asset trading since lifting Bitcoin ban
Brayden Lindrea10 hours agoBolivia reports 100% rise in virtual asset trading since lifting Bitcoin banThe rise came immediately after Bolivia’s central bank lifted a 42-month ban on cryptocurrency payments, allowing f
Low Bitcoin and Ethereum fees may not necessarily be good news
Robert D. Knight10 hours agoLow Bitcoin and Ethereum fees may not necessarily be good newsBitcoin and Ethereum users are experiencing exceptionally low fees, but why?960 Total views3 Total sharesListen to article 0:00Fol
Chipper Cash Extends Peer-to-Peer Money Transfer Service to South Africa
Chipper Cash Extends Peer-to-Peer Money Transfer Service to South Africa Chipper Cash, an African fintech start-up, has extended its peer-to-peer instant money service to South Afr
Digital Ticket Stubs: New York Knicks Launch Team’s First NFT Collection
Digital Ticket Stubs: New York Knicks Launch Team"s First NFT Collection On Tuesday, the New York Knickerbockers, in partnership with Sweet, launched the NBA tea
IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed
IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed The International Monetary Fund (IMF) has declared that we have entered a global recession &
Helen Partz12 hours agoSomalia bans Telegram and TikTok over misinformationSomalia has shut down crypto-friendly messaging app Telegram and gambling site 1XBet, while cryptocurrency investments aren’t banned.1413 Total