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CleanSpark Inc. has recently enhanced its Bitcoin mining capabilities with the acquisition of two sites in Clinton, Mississippi, and the closure of a second facility in Wyoming. The Mississippi sites, costing $5.775 million, will introduce 16.5 megawatts of capacity and are set to be operational by December 2024. They will host the powerful Bitmain Antminer S21 Pro, boosting the company’s hash rate by about 1 exahash per second.
CEO Zach Bradford announced a significant increase in operational capacity, with an addition of 211.5 megawatts in the last week alone, a 38 percent rise. This growth supports CleanSpark’s ambitious goals of reaching 37 EH/s by the end of 2024 and 50 EH/s by 2025. The company also completed a 45-megawatt site in Wyoming on September 11, which will contribute 3 EH/s upon completion.
Further bolstering its portfolio, CleanSpark acquired seven more facilities in Tennessee on September 11, adding 5 EH/s to its capacity. This series of expansions is part of CleanSpark’s broader strategy to enhance its position in the cryptocurrency mining industry, already reporting $104.1 million in third-quarter revenues despite a net loss.
