CleanSpark, a prominent Bitcoin mining company, has recently made significant strides in expanding its operations by acquiring two new sites near Clinton, Mississippi. The acquisition, announced on Sept. 17, involved purchasing the sites for $5.775 million, with a combined capacity of 16.5 megawatts. These new locations will accommodate S21 Pro miners, contributing to a total operating hash rate of approximately one exahash per second (EH/s). CleanSpark expects the sites to be fully operational by Dec. 1, bolstering its data center capacity in Mississippi to 60.5 MW.
In a bid to bolster its operational capabilities, CleanSpark has seen a 38% surge in its operational capacity over the past week, reaching a total of 211.5 MW. The company aims to achieve a capacity of 37 EH/s by the end of 2024 and 50 EH/s by 2025, as stated by CEO Zach Bradford. Additionally, CleanSpark recently announced the closure of its 45 MW site in Wyoming on Sept. 11, 2024, which is projected to contribute an additional 3 EH/s once operational. The site will house immersion-cooled data centers supporting the latest S21 immersion XP miners.
This latest development comes shortly after CleanSpark’s announcement of the acquisition of seven mining facilities and associated land in Tennessee for $27.5 million. These strategic moves underscore the company’s steadfast commitment to expanding its Bitcoin mining capacity.
CleanSpark’s co-founder, Mathew Schultz, emphasized the company’s unwavering focus on Bitcoin mining, distinguishing itself from competitors who are diversifying into artificial intelligence (AI) or exploring alternative tokens. While some miners are pivoting towards AI to capitalize on the burgeoning sector, Schultz reiterated CleanSpark’s dedication to enhancing its Bitcoin mining capabilities.
Despite the trend towards AI-focused mining, Schultz remains confident in CleanSpark’s strategy of adding megawatts and efficient exahash capacity to meet the rising demand for Bitcoin. The company’s steadfast commitment to Bitcoin mining sets it apart in a rapidly evolving industry landscape.
Overall, CleanSpark’s recent acquisitions and operational expansions signal its proactive approach to staying at the forefront of the Bitcoin mining sector. With a clear focus on enhancing its mining capacity and efficiency, CleanSpark is poised to capitalize on the growing opportunities in the digital currency space.