CleanSpark Acquires 75 MW Bitcoin Farm Under US Scrutiny

CleanSpark has announced the completion of its acquisition of an operational Bitcoin mining facility in Wyoming, USA, with an available capacity of 75 MW.

We’ve executed 75 MW of power contracts and completed the acquisition of our first #Bitcoin mining site in Wyoming! With a power capacity of 30 MW, it’s expected to add over 2 EH/s to CleanSpark’s #hashrate before the end of the year. ?

The location in Cheyenne is planned to… pic.twitter.com/6yKLTVd9JE

— CleanSpark Inc. (@CleanSpark_Inc) August 1, 2024

The firm plans to launch the first phase of the upgraded facility, fully equipped with immersion cooling, by the end of the year. The data center will have a capacity of 30 MW, with Antminer S21 XP units providing CleanSpark an additional hashrate of 2 EH/s.

Under the power contracts, the company intends to use 45 MW for the second phase, which is expected to increase the hashrate by another 3 EH/s.

Wyoming has become the third US state to host CleanSpark data centers. Twelve are located in Georgia, and three in Mississippi. The company’s equipment is also hosted in New York and Tennessee. In the latter, CleanSpark aims to boost its hashrate following the acquisition of competitor GRIID for $155 million.

The Wyoming facility is situated in Cheyenne, near a US Air Force base, one of three locations housing Minuteman III strategic nuclear missiles.

In May, President Joe Biden prohibited the Chinese-owned company MineOne from owning this property on national security grounds. However, it emerged that the facility, owned by Chinese investors since 2022, is being sold to the American company CleanSpark.

Earlier, the MineOne case was among the reasons for Senator Elizabeth Warren’s criticism of foreign mining operators in the US. The politician cited threats of espionage, environmental damage, risks of unauthorized capital outflow, and illegal financing.