As a few miners announced expansion plans in the past week, bitcoin mining continues to thrive despite the cryptocurrency winter. Cleanspark has announced that it purchased Mawson Infrastructure’s turnkey Bitcoin mining facility following its acquisition of 10,000 ASIC Antminers. Reports note that Arsenal Digital Holdings acquired an underground data center outside Houston and some people suspect it’s Westland Oil’s infamous fallout bunker. Additionally, the CEO and founder of Terawulf revealed the company’s Lake Mariner data center is up and running with 1 exahash per second (EH/s) of SHA256 hashrate.
Arsenal Digital Holdings is reported to have acquired the infamous Westland Oil Bunker in Houston
On Friday, it was reported that Arsenal Digital Holdings (OTCMKTS: ADHI) acquired a “50-acre operational data center campus comprised of a four-story office building.” The facility is said to have a “two-story subterranean campus,” with an additional 100,000 square feet of space. According to Dan Swinhoe’s report, the site can already handle 15 megawatts of power (MW).
Swinhoe says that it is most likely an ex-Westland Oil bunker. When the bunker was originally constructed in 1982, it was reportedly “shrouded in secrecy and protected by armed guards.” Westland Oil founder Louis Kung built the place for his family, friends, and employees in order to “protect 350 adults for up to three months.” In 2004 the bunker was converted into a data center, and in 2008 the site’s data center was upgraded.
Swinhoe states that the website was sold in 2021. The owner wanted $39million. The reporter further quotes Arsenal’s CEO Ryan Messer who said: “Data centers are among the most highly coveted assets in the digital infrastructure space, and we are proud to make this acquisition a foundational asset for the company as it will be a true flagship location.”
Cleanspark acquires Mawson-based Turnkey Bitcoin Mining Facility
The same day, Cleanspark (Nasdaq: CLSK) announced that the mining company finalized an agreement with Mawson Infrastructure Group to acquire a “turnkey bitcoin mining facility.” “The already operational site in Sandersville, Georgia, includes 80 MW of total capacity supporting 2.4 EH/s of bitcoin mining,” the press announcement detailed on September 9. The news follows Cleanspark’s recent acquisition of 10,000 Bitmain-brand Antminers.
“We are pleased to welcome Mawson’s Sandersville site and its operating teams into the Cleanspark family,” Zachary Bradford, Cleanspark’s chief executive officer said on Friday. “The site is nothing but impressive— well-run by over 20 dedicated professionals who have taken significant pride in the design, development, and maintenance of the site,” the CEO added.
Terawulf’s Lake Mariner Bitcoin Mining Site Is up and Running With 1 EH/s
Paul Prager, the CEO of the bitcoin mining firm Terawulf (Nasdaq: WULF) tweeted on September 9 that the company’s Lake Mariner operation is up and running with 1 EH/s and using 30 MW of capacity. Prager explained that the site has 10,000 miners running at the moment and the company plans to “keep coming on at Lake Mariner and Susquehanna.” The Terawulf CEO said that it completed “3 huge milestones.”
“A big thanks for those investors who remain constructive and supportive [through] challenging markets,” Prager concluded. “WULF infrastructure is incomparable and our electricity pricing stable and low. We will bring it home.”
Let us know your thoughts on the latest expansion announcements by Arsenal, Cleanspark and Terawulf. Comment below and let us know how you feel about the subject.
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