BTC company executes 75 MW power contracts and buys the first site in Wyoming.
The company expects to add over 2 EH/s to its hashrate.
CleanSpark
(NASDAQ: CLSK), the second biggest Bitcoin (BTC) producer on Wall Street by market capitalization,
announced today (Thursday) the execution of 75 megawatts (MW) of power
contracts and the acquisition of its first Bitcoin mining site in
Wyoming. This move marks an expansion of the company's operations into a third US
state.
CleanSpark Expands Bitcoin
Mining Footprint with Wyoming Acquisition
The initial
30 MW facility, located in Cheyenne, is set to be a fully immersion-cooled data
center. CleanSpark expects this site to contribute over 2 exahashes per second
(EH/s) to its overall hashrate once operational. The company plans to break
ground immediately, with operations projected to commence before the end of
2024.
Zach Bradford, CEO of CleanSpark
“We
are thrilled to expand in a state so publicly supportive of our industry,” Zach
Bradford, CEO of CleanSpark, stated. “Working together with local, state and
national leaders, CleanSpark plans to grow its footprint beyond Cheyenne,
throughout the beautiful state of Wyoming.”
This is not
the only consolidation in the cryptocurrency mining market recently. As
reported by Finance Magnates a week ago, Riot Platforms (NASDAQ: RIOT), the
third-largest BTC miner by market capitalization on Wall Street, acquired
Kentucky-based Block Mining for $92.5 million.
“America’s
Bitcoin Miner,” as CleanSpark refers to itself, intends to deploy the latest
S21 immersion XP Bitcoin mining machines at the Cheyenne facility. They are
touted as the most powerful and efficient in the current market. Additionally,
CleanSpark is actively working to increase the available power at this site to enhance operational capacity further.
Second Site on-Site
With the
energy contracts now in place, CleanSpark is moving forward with the
acquisition of a second site in Wyoming. This additional location is expected
to bring 45 MW of power online and contribute an extra 3 EH/s to the company's
hashrate.
This
expansion brings CleanSpark's owned-and-operated Bitcoin mining portfolio to
three states, encompassing twelve data centers in Georgia, three in
Mississippi, and now one in Wyoming. The company also maintains co-location
operations in Tennessee and New York.
The move
into Wyoming aligns with recent developments in the state. They included the
University of Wyoming's announcement of a Bitcoin Research
Institute and Senator Lummis's introduction of the BITCOIN
Act. This highlights the state's growing support for the cryptocurrency
industry.
Challenges for Crypto
Miners in 2024
CleanSpark’s
recent move to acquire a new Bitcoin mine has not markedly influenced its stock
performance on NASDAQ. The stock market shows a broader negative pattern
affecting cryptocurrency mining companies in 2024, as investors continue to
divest from their stocks.
Marathon
Digital Holdings, the largest crypto miner by market cap at $5.8 billion, has
seen its shares fall by 16% this year. Another key player, Hut 8, has
experienced a 7% decline. Last week, Finance Magnates disclosed that
Marathon faced a $138 million penalty after a jury found it guilty of contract
violations.
Despite
this trend, Riot Blockchain maintains a significant presence in the market with
a valuation of $3.4 billion, positioning it just below CleanSpark, which boasts
a market cap of nearly $3.8 billion.
Amidst the
prolonged “crypto winter” and following the 2024 halving event,
mining companies are exploring alternative uses for their extensive data center
capabilities. As Bitcoin mining yields diminish, these firms are increasingly
pivoting to support more resource-demanding sectors such as artificial
intelligence and cloud services.
CleanSpark
(NASDAQ: CLSK), the second biggest Bitcoin (BTC) producer on Wall Street by market capitalization,
announced today (Thursday) the execution of 75 megawatts (MW) of power
contracts and the acquisition of its first Bitcoin mining site in
Wyoming. This move marks an expansion of the company's operations into a third US
state.
CleanSpark Expands Bitcoin
Mining Footprint with Wyoming Acquisition
The initial
30 MW facility, located in Cheyenne, is set to be a fully immersion-cooled data
center. CleanSpark expects this site to contribute over 2 exahashes per second
(EH/s) to its overall hashrate once operational. The company plans to break
ground immediately, with operations projected to commence before the end of
2024.
Zach Bradford, CEO of CleanSpark
“We
are thrilled to expand in a state so publicly supportive of our industry,” Zach
Bradford, CEO of CleanSpark, stated. “Working together with local, state and
national leaders, CleanSpark plans to grow its footprint beyond Cheyenne,
throughout the beautiful state of Wyoming.”
This is not
the only consolidation in the cryptocurrency mining market recently. As
reported by Finance Magnates a week ago, Riot Platforms (NASDAQ: RIOT), the
third-largest BTC miner by market capitalization on Wall Street, acquired
Kentucky-based Block Mining for $92.5 million.
“America’s
Bitcoin Miner,” as CleanSpark refers to itself, intends to deploy the latest
S21 immersion XP Bitcoin mining machines at the Cheyenne facility. They are
touted as the most powerful and efficient in the current market. Additionally,
CleanSpark is actively working to increase the available power at this site to enhance operational capacity further.
Second Site on-Site
With the
energy contracts now in place, CleanSpark is moving forward with the
acquisition of a second site in Wyoming. This additional location is expected
to bring 45 MW of power online and contribute an extra 3 EH/s to the company's
hashrate.
This
expansion brings CleanSpark's owned-and-operated Bitcoin mining portfolio to
three states, encompassing twelve data centers in Georgia, three in
Mississippi, and now one in Wyoming. The company also maintains co-location
operations in Tennessee and New York.
The move
into Wyoming aligns with recent developments in the state. They included the
University of Wyoming's announcement of a Bitcoin Research
Institute and Senator Lummis's introduction of the BITCOIN
Act. This highlights the state's growing support for the cryptocurrency
industry.
Challenges for Crypto
Miners in 2024
CleanSpark’s
recent move to acquire a new Bitcoin mine has not markedly influenced its stock
performance on NASDAQ. The stock market shows a broader negative pattern
affecting cryptocurrency mining companies in 2024, as investors continue to
divest from their stocks.
Marathon
Digital Holdings, the largest crypto miner by market cap at $5.8 billion, has
seen its shares fall by 16% this year. Another key player, Hut 8, has
experienced a 7% decline. Last week, Finance Magnates disclosed that
Marathon faced a $138 million penalty after a jury found it guilty of contract
violations.
Despite
this trend, Riot Blockchain maintains a significant presence in the market with
a valuation of $3.4 billion, positioning it just below CleanSpark, which boasts
a market cap of nearly $3.8 billion.
Amidst the
prolonged “crypto winter” and following the 2024 halving event,
mining companies are exploring alternative uses for their extensive data center
capabilities. As Bitcoin mining yields diminish, these firms are increasingly
pivoting to support more resource-demanding sectors such as artificial
intelligence and cloud services.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Binance Junior Puts Crypto in Young Hands, but Keeps the Wallet with Mom and Dad
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Educators, IBs, And Other Regional Growth Drivers
Educators, IBs, And Other Regional Growth Drivers
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
The Leap to Everything App: Are Brokers There Yet?
The Leap to Everything App: Are Brokers There Yet?
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Mind The Gap: Can Retail Investors Save the UK Stock Market?
Mind The Gap: Can Retail Investors Save the UK Stock Market?
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
