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.
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.”
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 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.
Image Credits: Shutterstock, Pixabay, Wiki Commons
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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
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.
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.”
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.
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