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Bitcoin miner CleanSpark reported securing 75 MW in Wyoming despite previous national security concerns. 
American Bitcoin <a href="https://crypto.news/tag/mining/" target="_blank" rel="noreferrer noopener">mining</a> firm CleanSpark Inc. announced the successful acquisition of a Bitcoin mining site in Wyoming, overcoming previous national security concerns raised by the White House. 
The company said in a July operational <a href="https://www.prnewswire.com/news-releases/cleanspark-releases-july-2024-bitcoin-mining-update-302213195.html" target="_blank" rel="">report</a> published on Aug. 2 that it had secured power agreements totaling 75 MW in the state and commenced hashing operations in Tennessee, adding 1 EH/s to its hashrate in July. CleanSpark chief executive Zach Bradford highlighted the progress made, adding that the company remains on track to achieve its target of 32 EH/s by the end of 2024. 
“In Tennessee, we began hashing under our agreements with GRIID infrastructure Inc. with 1 EH/s of additional hashrate added in July. We’re continuing our trajectory of growth as we progress towards our target of 32 EH/s by the end of the year,” Bradford said. 
In July, CleanSpark mined 494 Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>), bringing its total produced crypto for 2024 to 4,108 BTC. During the month, the firm sold 2.54 BTC at an average price of approximately $62,070 each, ending the month with an operating hashrate of 21.2 EH/s. As of July, CleanSpark held 7,082 BTC in its holdings, the report reads. 
<h2 class="wp-block-heading is-style-default" id="cleanspark-caught-in-u-s-china-political-battle">CleanSpark caught in U.S.-China political battle</h2> 
The acquisition of the Wyoming site comes despite previous national security concerns. Earlier in May, CleanSpark purchased a few mining sites from MineOne, a company with Chinese ties, located near Warren Air Force Base, which houses strategic nuclear weapon systems. 
Amid the purchase, President <a href="https://crypto.news/tag/joe-biden/" target="_blank" rel="noreferrer noopener">Joe Biden</a> issued an <a href="https://www.whitehouse.gov/briefing-room/presidential-actions/2024/05/13/order-regarding-the-acquisition-of-certain-real-property-of-cheyenne-leads-by-mineone-cloud-computing-investment-i-l-p/" target="_blank" rel="">emergency order</a> to halt operations at the site, saying the “presence of specialized and foreign-sourced equipment potentially capable of facilitating surveillance and espionage activities, presents a national security risk to the United States.” The order also mandated the removal of all crypto mining equipment from within a mile of the military facility. 
Despite these concerns, CleanSpark proceeded with the acquisition. A spokesperson for the company acknowledged the unexpected challenges but affirmed CleanSpark’s commitment to compliance and national security. 
 Read more: <a href="https://crypto.news/analyst-cleansparks-acquisition-of-griid-reiterates-clsk-as-a-buy/"> Analyst: CleanSpark’s acquisition of GRIID reiterates CLSK as a Buy </a>

CleanSpark finalizes Bitcoin site acquisition despite concerns

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