Bitcoin Miner CleanSpark Signs 200-MW Power Agreement Today

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CleanSpark is adding 200 megawatts of renewable power to its bitcoin mining operations in West Texas over the next year through an agreement signed with energy technology company Lancium as the miner seeks to increase its current hashrate capacity five-fold.

The bitcoin mining company said in a statement sent to Bitcoin Magazine that it expects the first 50 MW of the purchased capacity to be operational by the end of 2022, while the remaining 150 MW should be up and running during Spring 2023. The agreement also provisions an option to add an extra 300 MW of energy in the future.