CleanSpark Executes 75 MW of Power Contracts and Completes Acquisition of Bitcoin Mining Site in Wyoming
CleanSpark Inc. (Nasdaq: CLSK) has announced the execution of 75 MW of power contracts and the completion of its first Bitcoin mining site acquisition in Wyoming. The initial 30 MW immersion-cooled data center is expected to add over 2 EH/s to the Company's hashrate in 2024. CleanSpark plans to deploy the S21 immersion XPs, the most powerful and efficient Bitcoin mining machines available. The company is also progressing on a second site in Wyoming, which will bring an additional 45 MW online, contributing an estimated 3 EH/s to the hashrate. This expansion marks CleanSpark's entry into its third state, with existing operations in Georgia, Mississippi, Tennessee, and New York.
CleanSpark Inc. (Nasdaq: CLSK) ha annunciato l'esecuzione di 75 MW di contratti per l'energia e il completamento del suo primo acquisto di sito per il mining di Bitcoin in Wyoming. Si prevede che il centro dati raffreddato ad immersione da 30 MW iniziali aggiunga oltre 2 EH/s alla capacità di hashing della Società nel 2024. CleanSpark intende utilizzare le S21 immersion XPs, le macchine per il mining di Bitcoin più potenti ed efficienti disponibili. L'azienda sta anche avanzando con un secondo sito in Wyoming, che porterà online ulteriori 45 MW, contribuendo con un stimato 3 EH/s alla capacità di hashing. Questa espansione segna l'ingresso di CleanSpark nel suo terzo stato, con operazioni già attive in Georgia, Mississippi, Tennessee e New York.
CleanSpark Inc. (Nasdaq: CLSK) ha anunciado la ejecución de 75 MW de contratos de energía y la finalización de su primera adquisición de un sitio para minería de Bitcoin en Wyoming. Se espera que el centro de datos enfriado por inmersión de 30 MW iniciales agregue más de 2 EH/s a la tasa de hash de la compañía en 2024. CleanSpark planea implementar las S21 immersion XPs, las máquinas de minería de Bitcoin más potentes y eficientes disponibles. La compañía también avanza en un segundo sitio en Wyoming, que traerá 45 MW adicionales en línea, contribuyendo con un estimado de 3 EH/s a la tasa de hash. Esta expansión marca la entrada de CleanSpark en su tercer estado, con operaciones existentes en Georgia, Mississippi, Tennessee y Nueva York.
CleanSpark Inc. (Nasdaq: CLSK)는 75 MW의 전력 계약 체결과 최초의 와이오밍 비트코인 채굴 사이트 인수 완료를 발표했습니다. 초기 30 MW의 침수 냉각 데이터 센터는 2024년에 회사의 해시레이트에 2 EH/s 이상을 추가할 것으로 예상됩니다. CleanSpark는 가장 강력하고 효율적인 비트코인 채굴 기계인 S21 immersion XPs를 배포할 계획입니다. 이 회사는 또한 45 MW를 추가하는 두 번째 사이트를 와이오밍에서 진행 중이며, 이는 해시레이트에 약 3 EH/s를 기여할 것입니다. 이번 확장은 CleanSpark가 세 번째 주에 진출하는 것을 의미하며, 조지아, 미시시피, 테네시, 뉴욕에서 기존 운영을 하고 있습니다.
CleanSpark Inc. (Nasdaq: CLSK) a annoncé l'exécution de 75 MW de contrats d'énergie et l'achèvement de sa première acquisition de site de minage de Bitcoin dans le Wyoming. Le centre de données refroidi par immersion de 30 MW initial devrait ajouter plus de 2 EH/s à la puissance de hachage de la Société en 2024. CleanSpark prévoit de déployer les S21 immersion XPs, les machines de minage de Bitcoin les plus puissantes et efficaces disponibles. L'entreprise progresse également sur un deuxième site dans le Wyoming, qui mettra en ligne 45 MW supplémentaires, contribuant ainsi à hauteur d'environ 3 EH/s à la puissance de hachage. Cette expansion marque l'entrée de CleanSpark dans son troisième état, avec des opérations existantes en Géorgie, Mississippi, Tennessee et New York.
CleanSpark Inc. (Nasdaq: CLSK) hat die Ausführung von 75 MW an Stromverträgen und den Abschluss der ersten Bitcoin-Mining-Standort-Akquisition in Wyoming bekannt gegeben. Das anfängliche 30 MW große, in Flüssigkeit gekühlte Rechenzentrum soll im Jahr 2024 mehr als 2 EH/s zur Hashrate des Unternehmens beitragen. CleanSpark plant den Einsatz der S21 immersion XPs, den leistungsstärksten und effizientesten Bitcoin-Mining-Maschinen, die verfügbar sind. Das Unternehmen arbeitet auch an einem zweiten Standort in Wyoming, der zusätzlich 45 MW online bringen wird und schätzungsweise 3 EH/s zur Hashrate beiträgt. Diese Expansion markiert CleanSparks Eintritt in seinen dritten Bundesstaat, mit bestehenden Aktivitäten in Georgia, Mississippi, Tennessee und New York.
- Acquisition of a 30 MW Bitcoin mining site in Wyoming, expected to add 2 EH/s to hashrate
- Execution of 75 MW of power contracts
- Plans for a second 45 MW site in Wyoming, potentially adding 3 EH/s to hashrate
- Expansion into a third state, diversifying operations
- Deployment of advanced S21 immersion XPs for improved efficiency
- Significant capital expenditure required for new site acquisitions and equipment
- Potential delays in site development and operational readiness
- Dependency on Wyoming's regulatory environment remaining favorable
Insights
CleanSpark's expansion into Wyoming marks a significant strategic move for the company, potentially boosting its Bitcoin mining capacity and diversifying its geographical footprint. The execution of 75 MW of power contracts and the acquisition of a new mining site demonstrate the company's commitment to growth and operational efficiency.
The planned 30 MW immersion-cooled data center is expected to add over 2 EH/s to CleanSpark's hashrate by the end of 2024. This substantial increase in computing power could significantly enhance the company's Bitcoin mining capabilities and potentially its revenue stream. The use of immersion cooling technology and the deployment of the advanced S21 immersion XPs suggest a focus on maximizing efficiency and staying at the forefront of mining technology.
Furthermore, the company's plans for an additional 45 MW site in Wyoming, expected to contribute another 3 EH/s, indicate a robust expansion strategy. This growth, combined with the pending acquisition of GRIID Infrastructure, positions CleanSpark for potentially substantial increases in its operational capacity and market share in the Bitcoin mining industry.
From a financial perspective, these expansions could lead to increased revenue and potentially improved profitability, depending on Bitcoin prices and mining difficulty. However, investors should also consider the capital expenditure required for these expansions and its impact on the company's balance sheet and cash flow in the short term.
The company's expansion into a state publicly supportive of the Bitcoin industry could also provide regulatory and operational advantages, potentially reducing risks associated with unfavorable regulatory environments in other locations.
CleanSpark's adoption of immersion cooling technology for its new Wyoming facility is a noteworthy technological advancement. Immersion cooling, where mining hardware is submerged in a dielectric fluid, offers several advantages over traditional air cooling:
- Improved energy efficiency, potentially reducing operational costs
- Enhanced hardware performance and longevity
- Higher density deployment, allowing for more computing power in a smaller footprint
- Reduced noise pollution, which can be beneficial for community relations
The planned deployment of the S21 immersion XPs, described as the most powerful and efficient Bitcoin mining machines available, further underscores CleanSpark's commitment to technological leadership. These advanced ASICs (Application-Specific Integrated Circuits) are likely to offer superior hashrate per unit of energy consumed, potentially improving the company's competitive position in the mining industry.
The addition of over 5 EH/s to CleanSpark's hashrate from the Wyoming expansions represents a significant boost to the company's computational power. To put this in perspective, as of August 2023, the total Bitcoin network hashrate was around 400 EH/s. Thus, this expansion could potentially increase CleanSpark's share of the global Bitcoin mining power by more than
However, it's important to note that the effectiveness of this technological investment will depend on factors such as the evolution of Bitcoin mining difficulty, energy costs and the company's ability to efficiently manage and maintain these advanced systems.
Initial 30 MW immersion-cooled data center expected to add over 2 EH/s to Company's hashrate in 2024
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This is the third state in CleanSpark's owned-and-operated Bitcoin mining portfolio, now composed of twelve data centers in
"On the heels of the University of
About CleanSpark
CleanSpark (Nasdaq: CLSK) is America's Bitcoin Miner®. We own and operate multiple data centers that primarily run on low-carbon power. Our infrastructure responsibly supports Bitcoin, the world's most important digital commodity and an essential tool for financial independence and inclusion. We cultivate trust and transparency among our employees and the communities we operate in. Visit our website at www.cleanspark.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this press release, forward-looking statements include, but may not be limited to, statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the type of equipment and timing of deployment at the 30 MW site in
Investor Relations Contact
Brittany
702-989-7693
ir@cleanspark.com
Media Contact
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702-989-7694
pr@cleanspark.com
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SOURCE CleanSpark, Inc.
FAQ
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