Blockchain expansion with CleanSpark

Black Hills Energy is at the forefront of innovation, driving economic development in Wyoming through its strategic support of the blockchain industry. We are proud to welcome CleanSpark, a leading Bitcoin mining company, as part of our company’s service area in Cheyenne. 

We have identified blockchain mining as a key part of Wyoming's economic diversification strategy. The state has actively created a favorable environment for blockchain and cryptocurrency companies through legislation and incentives, aiming to diversify its economy beyond traditional industries like energy and agriculture. Wyoming's approach includes:

• Legislative support: Passing laws such as the Wyoming Money Transmitter Act and the Financial Technology Sandbox Act to support blockchain technology.
• Economic incentives: Offering sales tax exemptions for data centers.
• Infrastructure development: Investing in reliable power sources and robust connectivity to support blockchain operations.
• Educational initiatives: Establishing the Center for Blockchain and Digital Innovation at the University of Wyoming to foster education and research in blockchain technology.

These efforts aim to attract more blockchain companies to the state, creating new revenue streams, job opportunities and contribute to the state's overall economic diversification strategy.

We have supported the state's blockchain industry for over six years through the Blockchain Interruptible Service (BCIS) tariff. This tariff is designed for high-use customers needing 10,000 kilowatts or more, meeting the energy demands of blockchain companies while protecting existing customers from extra costs. The BCIS tariff fosters industry growth, bringing benefits like jobs and tax revenue to Wyoming. It safeguards safe, cost-effective electricity, enhancing stability and innovation in the blockchain sector. Our goal is to attract new business and growth while benefiting the communities we serve.

About CleanSpark

CleanSpark (Nasdaq: CLSK), a leading bitcoin mining company known as America’s Bitcoin Miner®. CleanSpark is recognized as the largest pure play, domestic producer of Bitcoin with a history of successful operations. The company owns and manages a network of mining facilities throughout the United States, utilizing competitive energy prices to maximize shareholder returns.