How a Tennessee Town Might Soon Host the Loudest Gold Rush for Invisible Money 🚀

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Behold, Mountain City, the soon-to-be glittering hub of bitcoin mining, pending the sacred rituals of site inspections and energy conjuring by something called the TVA — which is not, sadly, a new robot overlord.

Cleanspark’s Grand Plan: Turning 50.48 Acres of Countryside Into a High-Tech Bitcoin Babel

The local Planning Board has given a tentative thumbs-up to Cleanspark (Nasdaq: CLSK), a mysterious Nevada outfit whose favorite hobby is turning electricity into magical internet coins. But before they start mining for digital nuggets, they must cross the treacherous rivers of detailed site plans and energy talks with the Tennessee Valley Authority, a group whose name sounds like it belongs in a fantasy novel.

According to the oracle at The Tomahawk report, Scott Garrison (the COO, which presumably means Chief Oracle Officer) proclaims that if the stars align, operations will kick off in a mere two months on a parcel so vast (50.48 acres at 178 Rainbow Road) it probably has its own weather system. Owned by entities named It’s His LLC and Steve Brown from North Carolina, the site will soon hum with futuristic ASIC machines, designed to be quieter than your neighbor’s political rants and cooler than your in-laws’ judgment, because apparently, air cooling is so last century. (Check out the techno-wizardry if you dare).

Garrison reassures that these ASICs will sound like “traffic on U.S. 421,” which to the uninitiated might mean a mild drone, but possibly suggests your new companion in noise will be the occasional stubborn tractor or confused tourist. Cleanspark currently rules 31 such facilities scattered across the country like digital anthills, mining nothing but bitcoin. Sherrill (the scrivener at The Tomahawk) notes the facility will birth 12 “top-dollar” jobs — meaning you can earn shiny digital dollars without needing a degree, or apparently, a clue. If a repair depot springs up on site, more jobs might magically appear, because who doesn’t want to fix machines that chew up mountains of power and spit out mysterious blocks of data?

Garrison waxes poetic about their economic fairy tales, citing how near-Sodom-and-Gomorrahs like Sandersville, Georgia saw workers trade life in cars for actual homes—presumably through bitcoin magic or just steady paychecks from Cleanspark. Mountain Electric’s grand poobah, Rodney Metcalf, cheerily hopes the massive energy munching will offset brutal electricity price hikes — a silver lining in this electric dark cloud.

The mayor, Jerry Jordan, calls the whole proposal “promising,” though he can’t help but grumble about the glacial pace of paperwork. Cleanspark, meanwhile, awaits the mystical TVA’s energy edict, expected mid-May. The Planning Board will reconvene May 22 to decide if Mountain City’s dream of becoming the quietest bitcoin mining hotspot is plausible. Meanwhile, Cleanspark enjoys the lofty position of being the fourth-largest publicly traded bitcoin miner, which is either a triumph or proof that mining for digital gold isn’t all just smoke and mirrors. đŸȘ™đŸ’»âšĄ

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2025-04-26 17:00