Fun

Bitcoin Mining Expansion Heats Up: Crypto Miner Secures Underground Bunker, Cleanspark Snags Turnkey Mining Site

News Feed - 2022-09-11 10:09:32

Bitcoin Mining Expansion Heats Up: Crypto Miner Secures Underground Bunker, Cleanspark Snags Turnkey Mining Site


Bitcoin mining operations continue to truck on through the crypto winter as a number of miners have revealed expansion plans during the last week. Following the acquisition of 10,000 ASIC Antminers, Cleanspark revealed it acquired a turnkey bitcoin mining facility from Mawson Infrastructure. Reports note that Arsenal Digital Holdings acquired an underground data center outside Houston and some people suspect it’s Westland Oil’s infamous fallout bunker. Additionally, the CEO and founder of Terawulf revealed the company’s Lake Mariner data center is up and running with 1 exahash per second (EH/s) of SHA256 hashrate. Arsenal Digital Holdings Reportedly Acquires the Infamous Westland Oil Bunker Outside of Houston


On Friday, it was reported that Arsenal Digital Holdings (OTCMKTS: ADHI) acquired a “50-acre operational data center campus comprised of a four-story office building.” The facility is said to have a “two-story subterranean campus,” with an additional 100,000 square feet of space. The site is already ready to take on 15 megawatts (MW) of capacity, according to a report published by Dan Swinhoe.


Swinhoe also details that the site is likely the former Westland Oil bunker. When the bunker was originally constructed in 1982, it was reportedly “shrouded in secrecy and protected by armed guards.” Westland Oil founder Louis Kung built the place for his family, friends, and employees in order to “protect 350 adults for up to three months.” In 2004 the bunker was converted into a data center, and in 2008 the site’s data center was upgraded.


Swinhoe says the site went on sale in 2021 and the owner was asking $39 million. The reporter further quotes Arsenal’s CEO Ryan Messer who said: “Data centers are among the most highly coveted assets in the digital infrastructure space, and we are proud to make this acquisition a foundational asset for the company as it will be a true flagship location.” Cleanspark Acquires Turnkey Bitcoin Mining Facility From Mawson


The same day, Cleanspark (Nasdaq: CLSK) announced that the mining company finalized an agreement with Mawson Infrastructure Group to acquire a “turnkey bitcoin mining facility.” “The already operational site in Sandersville, Georgia, includes 80 MW of total capacity supporting 2.4 EH/s of bitcoin mining,” the press announcement detailed on September 9. The news follows Cleanspark’s recent acquisition of 10,000 Bitmain-brand Antminers.


“We are pleased to welcome Mawson’s Sandersville site and its operating teams into the Cleanspark family,” Zachary Bradford, Cleanspark’s chief executive officer said on Friday. “The site is nothing but impressive— well-run by over 20 dedicated professionals who have taken significant pride in the design, development, and maintenance of the site,” the CEO added. Terawulf’s Lake Mariner Bitcoin Mining Site Is up and Running With 1 EH/s


Paul Prager, the CEO of the bitcoin mining firm Terawulf (Nasdaq: WULF) tweeted on September 9 that the company’s Lake Mariner operation is up and running with 1 EH/s and using 30 MW of capacity. Prager explained that the site has 10,000 miners running at the moment and the company plans to “keep coming on at Lake Mariner and Susquehanna.” The Terawulf CEO said that it completed “3 huge milestones.”


“A big thanks for those investors who remain constructive and supportive [through] challenging markets,” Prager concluded. “WULF infrastructure is incomparable and our electricity pricing stable and low. We will bring it home.” Tags in this story Arsenal, Arsenal Digital Holdings, Bitcoin mining, Bitcoin Mining Facility, BTC, BTC Mine, BTC Mining, Cleanspark, Data Centers, Georgia, Lake Mariner, Mawson Infrastructure Group, mining, Nasdaq: CLSK, Nasdaq: WULF, OTCMKTS: ADHI, Paul Prager, Ryan Messer, Sandersville, Terawulf, Westland Oil bunker, Zachary Bradford


What do you think about the recent expansion announcements from Arsenal, Cleanspark, and Terawulf? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Bitcoin Academy in Brooklyn Backed by Jay-Z and Jack Dorsey Airdrops BTC to Class Participants NEWS | 8 hours ago Payments Firm Bolt Scraps Deal to Acquire Crypto Company Wyre NEWS | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleRussia Shuts Off EU Gas, Vitalik Discusses Bitcoin Security, and More — Bitcoin.com News Week in Review Next articleRecently Launched DeFi Asset Management Protocol X METAVERSE PRO Set to Soar in Popularity Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItFollowing a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days


Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing

News Feed

‘Control the Pandemic’ – Fed Chair Jerome Powell Predicts the Entry of a ‘Different Economy’
"Control the Pandemic" - Fed Chair Jerome Powell Predicts the Entry of a "Different Economy" Federal Reserve Chair Jerome Powell told participants at the Bay Are
Bitcoin price retests $63K despite GBTC outflows dropping below $100M
William Suberg9 hours agoBitcoin price retests $63K despite GBTC outflows dropping below $100MBitcoin bulls fail to catch a break as BTC price weakness defies a slowdown in GBTC offloading.4143 Total views27 Total shares
Hash Power Broker Nicehash Denies It Enables 51% Attacks on ETC Network
Hash Power Broker Nicehash Denies It Enables 51% Attacks on ETC NetworkHash power broker Nicehash denies that it enables bad actors to use its hash renting platform to launch 51% at
NFT Sales Continue to Decline, With ETH-Based NFTs Seeing a 20% Drop in the Past Week
NFT Sales Continue to Decline, With ETH-Based NFTs Seeing a 20% Drop in the Past Week Non-fungible token (NFT) sales over the last seven days are ending the year 13.97% lower than
Crypto won big in the Supreme Court's Loper Bright decision
Christopher Koopman8 hours agoCrypto won big in the Supreme Court"s Loper Bright decisionThe Supreme Court ended the Chevron doctrine in June — significantly undermining the Securities and Exchange Commission"s ability
Yellen Downplays Stimulus Contributing to Inflation, Republicans Grill US Treasury Secretary’s Decisions
Yellen Downplays Stimulus Contributing to Inflation, Republicans Grill US Treasury Secretary"s Decisions U.S. Treasury secretary Janet Yellen doesn’t think inflationary pres
Play-to-Earn Fantasy Sports Game, Ultimate Champions, Announces July 25th Launch Date for Its CHAMP Token
Play-to-Earn Fantasy Sports Game, Ultimate Champions, Announces July 25th Launch Date for Its CHAMP Token press release PRESS RELEASE.Unagi is shifting the way sports fans interact
Dogecoin Price Closes Daily Candle With A Doji, What This Means
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Adidas Steps Into the Metaverse by Partnering With NFT Projects Bored Ape Yacht Club, Punks Comic
Adidas Steps Into the Metaverse by Partnering With NFT Projects Bored Ape Yacht Club, Punks Comic The German multinational corporation that crafts athletic shoes, sportswear, and a
Jesse Coghlan2 hours agoArtbitrum founder says Stylus is a game changer for EVMsThe Arbitrum-building Offchain Labs co-founder Ed Felten said its new tool would allow more seasoned devs to build EVMs, possibly making the
Pro Trader-Focused NFT Marketplace Blur Secures $11 Million in Seed Round Led by Paradigm
Pro Trader-Focused NFT Marketplace Blur Secures $11 Million in Seed Round Led by Paradigm On March 28, the non-fungible token (NFT) marketplace Blur announced the company has raise
Peter Schiff Says Banking Crisis Not Over, Much Worse Financial Crisis Incoming — Warns of ‘Massive’ Recession
Peter Schiff Says Banking Crisis Not Over, Much Worse Financial Crisis Incoming — Warns of "Massive" Recession Economist Peter Schiff has cautioned that the present banking crisi