It was reported Friday that Arsenal Digital Holdings, (OTCMKTS ADHI), had acquired a 50-acre data center campus consisting of a four-story office structure. According to reports, the facility has a two-story subterranean campus with 100,000 square feet additional space. According to Dan Swinhoe’s report, the site is ready to handle 15 megawatts (MW).
Swinhoe also reveals that the site was likely to be the former Westland Oil bunker. The bunker was when it was first constructed in 1982. It was at the time reportedly ‘shrouded with secrecy, and protected by armed Guards’. Louis Kung, founder of Westland Oil, built the bunker for his family, friends and employees to protect 350 adults for three months. The bunker was transformed into a data centre in 2004 and the facility was further upgraded in 2008.
Swinhoe claims the site was sold in 2021 by the owner for $39 million. Further, the reporter quotes Arsenal CEO Ryan Messer, who stated that data centers are amongst the most sought-after assets in the digital infrastructure sector. We are proud to make this acquisition a core asset for the company because it will be a true flagship site.
Cleanspark Purchases Mawson’s Turnkey Bitcoin Mining Facility
Cleanspark, (Nasdaq : CLSK), announced the same day that it had reached an agreement with Mawson Infrastructure Group for the acquisition of a ‘turnkey’ bitcoin mining facility. According to a press release, the already-operational site in Sandersville, Georgia has 80 MW total capacity that can support 2.4 EH/s bitcoin mining. This news comes after Cleanspark recently acquired 10,000 Bitmain-brand Antminers.
Cleanspark’s chief operating officer, Zachary Bradford, stated that he was pleased to accept Mawson’s Sandersville and its operational teams into the Cleanspark family. The CEO said that the site was nothing but impressive, with over 20 dedicated professionals taking great pride in its design, development and maintenance.
Terawulf’s Lake Mariner Bitcoin mining site is up and running with 1 EH/s
Paul Prager, CEO of the Bitcoin mining company Terawulf(Nasdaq WULF), tweeted on September 9 that the company’s Lake Mariner operation was up and running with one EH/s (and using 30 MW capacity). Prager stated that there are currently 10,000 miners on the site and that they plan to keep ‘keeping coming on at Lake Mariner, Susquehanna’. Terawulf CEO stated that the company had reached ‘3 major milestones’.
Prager stated that he would like to thank all investors who have been supportive and constructive in challenging markets. Our electricity pricing is stable and low, and WULF infrastructure has an unbeatable quality. It will be brought home.