Connect with us

Arsenal

Bitcoin Mining Expansion Heats Up: Crypto Miner Secures Underground Bunker, Cleanspark Snags Turnkey Mining Site

Published

on

Bitcoin Mining Expansion Heats Up: Crypto Miner Secures Underground Bunker, Cleanspark Snags Turnkey Mining Site

Bitcoin mining operations continue to truck on through the crypto winter as a number of miners have revealed expansion plans during the last week. Following the acquisition of 10,000 ASIC Antminers, Cleanspark revealed it acquired a turnkey bitcoin mining facility from Mawson Infrastructure. Reports note that Arsenal Digital Holdings acquired an underground data center outside Houston and some people suspect it’s Westland Oil’s infamous fallout bunker. Additionally, the CEO and founder of Terawulf revealed the company’s Lake Mariner data center is up and running with 1 exahash per second (EH/s) of SHA256 hashrate.

Arsenal Digital Holdings Reportedly Acquires the Infamous Westland Oil Bunker Outside of Houston

On Friday, it was reported that Arsenal Digital Holdings (OTCMKTS: ADHI) acquired a “50-acre operational data center campus comprised of a four-story office building.” The facility is said to have a “two-story subterranean campus,” with an additional 100,000 square feet of space. The site is already ready to take on 15 megawatts (MW) of capacity, according to a report published by Dan Swinhoe.

Swinhoe also details that the site is likely the former Westland Oil bunker. When the bunker was originally constructed in 1982, it was reportedly “shrouded in secrecy and protected by armed guards.” Westland Oil founder Louis Kung built the place for his family, friends, and employees in order to “protect 350 adults for up to three months.” In 2004 the bunker was converted into a data center, and in 2008 the site’s data center was upgraded.

Advertisement

Swinhoe says the site went on sale in 2021 and the owner was asking $39 million. The reporter further quotes Arsenal’s CEO Ryan Messer who said: “Data centers are among the most highly coveted assets in the digital infrastructure space, and we are proud to make this acquisition a foundational asset for the company as it will be a true flagship location.”

Cleanspark Acquires Turnkey Bitcoin Mining Facility From Mawson

The same day, Cleanspark (Nasdaq: CLSK) announced that the mining company finalized an agreement with Mawson Infrastructure Group to acquire a “turnkey bitcoin mining facility.” “The already operational site in Sandersville, Georgia, includes 80 MW of total capacity supporting 2.4 EH/s of bitcoin mining,” the press announcement detailed on September 9. The news follows Cleanspark’s recent acquisition of 10,000 Bitmain-brand Antminers.

“We are pleased to welcome Mawson’s Sandersville site and its operating teams into the Cleanspark family,” Zachary Bradford, Cleanspark’s chief executive officer said on Friday. “The site is nothing but impressive— well-run by over 20 dedicated professionals who have taken significant pride in the design, development, and maintenance of the site,” the CEO added.

Terawulf’s Lake Mariner Bitcoin Mining Site Is up and Running With 1 EH/s

Paul Prager, the CEO of the bitcoin mining firm Terawulf (Nasdaq: WULF) tweeted on September 9 that the company’s Lake Mariner operation is up and running with 1 EH/s and using 30 MW of capacity. Prager explained that the site has 10,000 miners running at the moment and the company plans to “keep coming on at Lake Mariner and Susquehanna.” The Terawulf CEO said that it completed “3 huge milestones.”

“A big thanks for those investors who remain constructive and supportive [through] challenging markets,” Prager concluded. “WULF infrastructure is incomparable and our electricity pricing stable and low. We will bring it home.”

Advertisement
Tags in this story

Arsenal, Arsenal Digital Holdings, Bitcoin mining, Bitcoin Mining Facility, BTC, BTC Mine, BTC Mining, Cleanspark, Data Centers, Georgia, Lake Mariner, Mawson Infrastructure Group, mining, Nasdaq: CLSK, Nasdaq: WULF, OTCMKTS: ADHI, Paul Prager, Ryan Messer, Sandersville, Terawulf, Westland Oil bunker, Zachary Bradford

What do you think about the recent expansion announcements from Arsenal, Cleanspark, and Terawulf? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Advertisement

Image Credits: Shutterstock, Pixabay, Wiki Commons

Advertisement

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Arsenal

UK’s ASA uphold ruling against Arsenal over fan token ads

Published

on

UK’s ASA uphold ruling against Arsenal over fan token ads

UK’s ASA uphold ruling against Arsenal over fan token ads Oluwapelumi Adejumo · 8 hours ago · 2 min read

According to the regulator, the advertisements were promotion of cryptocurrencies to the general public. Hence, it should contain clear warnings about the risks of such investments.

2 min read

Updated: August 10, 2022 at 1:47 pm

Advertisement

Cover art/illustration via CryptoSlate

U.K.’s Advertising Standards Authority has upheld its decision against Arsenal football club over its fan token advertisement for not mentioning the risks in such investments.

The advertising regulator had earlier decided that two adverts published on the Arsenal website on August 6 and the club’s Facebook page on August 12, 2021, was misleading and irresponsible and failed to provide sufficient information that the digital asset was cryptocurrency.

On December 21, 2021, ASA ruled that Arsenal should take down the adverts.

Arsenal had appealed ASA’s decision

However, the London-based football club appealed ASA’s decision, arguing that the post on its website about the AFC fan token was merely educational and even included a warning about the risk of volatility and a recommendation that fans should seek financial advice before buying.

Advertisement

The club added that its Facebook post came a week after that on its website, which was enough time for the fans to be aware of the first post, and it merely highlighted the use of fan tokens for voting on some club decisions.

According to Arsenal, the ad did not promote the fan token as an investment that would bring capital gain and did not encourage the trading of cryptocurrencies.

ASA insists the ads were a violation of the law

Despite Arsenal’s best effort at convincing the regulator about its fan token advertisement, ASA appeared to have disagreed with the club over the ads.

According to the regulator, the advertisements were promoting cryptocurrencies to the general public. Hence, it should contain clear warnings about the risks of such investments.

ASA said the “risk warning was at the bottom of the ad,” meaning some users might not see it, and added that “the warning did not make consumers aware that paid-for Fan Tokens were unregulated in the U.K.”

Advertisement

The regulators disagreed with the three objections raised by Arsenal and ruled that the ads must not appear in the previous form again.

It directed the club to provide sufficient information about the Fan tokens as investment and crypto assets and should never trivialize crypto assets investments.

Meanwhile, authorities in the United Kingdom are working on clamping the circulation of misleading crypto ads.

Singapore and Australia have also adopted tough measures toward crypto ads.

Advertisement
Continue Reading

Top posts

Billionaire Hedge Fund Founder Ray Dalio Steps Down As Co-CIO Of Bridgewater Associates Billionaire Hedge Fund Founder Ray Dalio Steps Down As Co-CIO Of Bridgewater Associates
ban bitcoin1 hour ago

Billionaire Hedge Fund Founder Ray Dalio Steps Down As Co-CIO Of Bridgewater Associates

Billionaire hedge fund founder Ray Dalio has stepped down as chief executive of Bridgewater Associates, according to a transfer of...

NFT Collection Veefriends Physical Collectibles To Debut At Macy’s And Toys’R’Us NFT Collection Veefriends Physical Collectibles To Debut At Macy’s And Toys’R’Us
Andy Kraniak7 hours ago

NFT Collection Veefriends Physical Collectibles To Debut At Macy’s And Toys’R’Us

In recent times, non-fungible tokens (NFTs) and their physical counterparts have started to debut at well known retail stores and...

This Tether update may finally bear some good results in the weeks to come This Tether update may finally bear some good results in the weeks to come
Altcoins9 hours ago

This Tether update may finally bear some good results in the weeks to come

Tether, the firm behind USDT, the largest stablecoin made some key changes to its asset reserves. On 3 October, Chief...

Pro-Russian Groups Raised $400,000 In Crypto Since Ukraine Invasion, Report Reveals Pro-Russian Groups Raised $400,000 In Crypto Since Ukraine Invasion, Report Reveals
conflict9 hours ago

Pro-Russian Groups Raised $400,000 In Crypto Since Ukraine Invasion, Report Reveals

Groups supporting Russia’s war effort in Ukraine have been actively collecting cryptocurrency to fund paramilitary operations and evade sanctions, researchers...

MATIC – The how and why of this buying opportunity MATIC – The how and why of this buying opportunity
Altcoins10 hours ago

MATIC – The how and why of this buying opportunity

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice....

Over $4B laundered through DEXs, coin swaps and cross-chain bridges, Elliptic reports Over $4B laundered through DEXs, coin swaps and cross-chain bridges, Elliptic reports
DEX10 hours ago

Over $4B laundered through DEXs, coin swaps and cross-chain bridges, Elliptic reports

Over $4B laundered through DEXs, coin swaps and cross-chain bridges, Elliptic reports Oluwapelumi Adejumo · 11 mins ago · 2...

Can MakerDAO’s latest development drive MKR towards its next bull rally Can MakerDAO’s latest development drive MKR towards its next bull rally
Altcoins11 hours ago

Can MakerDAO’s latest development drive MKR towards its next bull rally

MKR holders that aped in towards the end of September are pleased with their decision considering the healthy run-up in...

Bankrupt Crypto Lender Celsius’ Asset Sale Is Scheduled, Sources Say FTX CEO May Bid Bankrupt Crypto Lender Celsius’ Asset Sale Is Scheduled, Sources Say FTX CEO May Bid
Bankruptcy11 hours ago

Bankrupt Crypto Lender Celsius’ Asset Sale Is Scheduled, Sources Say FTX CEO May Bid

According to a filing published by the U.S. Bankruptcy Court for the Southern District of New York, the crypto lending...

DOGE up 8% as Elon Musk makes new acquisition offer for Twitter DOGE up 8% as Elon Musk makes new acquisition offer for Twitter
Investments12 hours ago

DOGE up 8% as Elon Musk makes new acquisition offer for Twitter

DOGE up 8% as Elon Musk makes new acquisition offer for Twitter Liam ‘Akiba’ Wright · 16 mins ago ·...

Cardano’s [ADA] price reacts this way as Voltaire hint airs Cardano’s [ADA] price reacts this way as Voltaire hint airs
ada12 hours ago

Cardano’s [ADA] price reacts this way as Voltaire hint airs

Late in September, Cardano [ADA] released the Vasil hardfork. Positive feelings persisted after the fork, as the network continued to...

Sears Home Warranty Review Sears Home Warranty Review
Uncategorized12 hours ago

Sears Home Warranty Review

Sears Home Warranty Ratings at a Glance While you likely already know Sears for the company’s series of department stores,...

Riot Blockchain produced over $7.1M worth of BTC in September Riot Blockchain produced over $7.1M worth of BTC in September
Bitcoin mining12 hours ago

Riot Blockchain produced over $7.1M worth of BTC in September

Riot Blockchain produced over $7.1M worth of BTC in September Andjela Radmilac · 2 hours ago · 1 min read...

Crypto giants criticize Twitter on scam, bot accounts impersonating them Crypto giants criticize Twitter on scam, bot accounts impersonating them
Buterin13 hours ago

Crypto giants criticize Twitter on scam, bot accounts impersonating them

Crypto giants criticize Twitter on scam, bot accounts impersonating them Oluwapelumi Adejumo · 2 hours ago · 2 min read...

Will Litecoin’s new update improve its chances of winning the PoW race Will Litecoin’s new update improve its chances of winning the PoW race
Altcoins13 hours ago

Will Litecoin’s new update improve its chances of winning the PoW race

Litecoin [LTC] has been making improvements to its existing technology for quite some time now. In line with the same,...

Ethereum Marks Three Consecutive Red Weekly Closes, Will Uptober Change Its Trajectory? Ethereum Marks Three Consecutive Red Weekly Closes, Will Uptober Change Its Trajectory?
ETH13 hours ago

Ethereum Marks Three Consecutive Red Weekly Closes, Will Uptober Change Its Trajectory?

Ethereum has been one of the cryptocurrencies that have received major support from the crypto community regardless of how the...

Mastercard Debuts Blockchain Surveillance Tool For Banks And Crypto-Centric Card Issuers Mastercard Debuts Blockchain Surveillance Tool For Banks And Crypto-Centric Card Issuers
Ajay Bhalla13 hours ago

Mastercard Debuts Blockchain Surveillance Tool For Banks And Crypto-Centric Card Issuers

On Tuesday, the multinational financial services corporation Mastercard revealed that it is launching a new crypto monitoring product called Crypto...

Research: Grayscale’s GBTC drops to all-time low of $12.5K; conversion to spot ETF could trigger rebound Research: Grayscale’s GBTC drops to all-time low of $12.5K; conversion to spot ETF could trigger rebound
adoption13 hours ago

Research: Grayscale’s GBTC drops to all-time low of $12.5K; conversion to spot ETF could trigger rebound

Research: Grayscale’s GBTC drops to all-time low of $12.5K; conversion to spot ETF could trigger rebound Christian Nwobodo · 2...

Biggest Movers: MATIC Hits 3-Week High, LINK Up Almost 10% Biggest Movers: MATIC Hits 3-Week High, LINK Up Almost 10%
Analysis14 hours ago

Biggest Movers: MATIC Hits 3-Week High, LINK Up Almost 10%

Polygon raced to a three-week high during today’s session, as bullish sentiment returned to cryptocurrency markets. Chainlink was also in...

Trending

Free Bitcoin MiningEarn from $50 to $75 daily with just your phone