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.
‘Retired’ and Pardoned, CZ Pivots to Sovereign Tokenization Advisor for a Dozen Nations
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
