Bitcoin Mining Expands in Wyoming as CleanSpark Builds New Facility

Bitcoin Mining Expands in Wyoming as CleanSpark Builds New Facility

CleanSpark, a publicly traded Bitcoin mining company, has begun construction on a new mining facility in Cheyenne, Wyoming. The new facility is expected to be operational by the end of the year, adding to CleanSpark's growing mining operations. The company is also in the process of acquiring a second mining site in Wyoming and plans to expand its operations to Tennessee in the future. In June, CleanSpark announced that it would acquire fellow miner PeerGrid Infrastructure in a deal expected to close by the third quarter. The acquisition will further expand CleanSpark's mining capacity and operations. CleanSpark's expansion in Wyoming is a reflection of the growing interest in Bitcoin mining in the state. Wyoming has become a hub for Bitcoin miners due to its favorable regulatory environment and abundant energy resources. The state has passed legislation that exempts Bitcoin mining from property taxes and has established a working group to study the industry. As the Bitcoin mining industry continues to grow, CleanSpark is well-positioned to benefit from the expansion. The company's new facility in Wyoming will give it access to low-cost energy and will allow it to increase its mining capacity. The acquisition of PeerGrid Infrastructure will further strengthen CleanSpark's position in the industry.