CleanSpark acquires GRIID to increase mining capacity by 50 MW, plans to achieve 400 MW in the future

BlockBeats news, on November 1, according to Cointelegraph, Bitcoin mining company CleanSpark said that after acquiring the US infrastructure company GRIID, its mining capacity has increased by 50 megawatts, and it is closer to realizing its plan to build 400 megawatts of production capacity in the next few years.

US Senator Bill Hagerty welcomed CleanSpark to Tennessee, adding that the state is a "good place to grow business" because it has rapidly developed into "one of the centers of the US Bitcoin industry." In September this year, CleanSpark agreed to purchase seven mining facilities and related land in the Knoxville area of Tennessee, increasing the company's computing power by 22%. The company also claimed in its fiscal year report released on October 4 that its computing power has increased by 187% in the past 12 months.