CleanSpark Announces January 2022 Bitcoin Production

Rhea-AI Summary

CleanSpark, Inc. (Nasdaq: CLSK) reported a 35% month-to-month increase in bitcoin production for January 2022, with a total of 305 BTC mined. The company holds 471 BTC as of January 31, selling 467 BTC at an average price of $41,000 to fund growth and operations. CleanSpark currently operates with approximately 20,500 miners and a total hashrate of 2.1 EH/s. January daily BTC production peaked at 10.4 BTC.

Positive

• 35% increase in month-to-month bitcoin production.
• Successfully mined 305 BTC in January 2022.
• Total BTC holdings reached 471 BTC.
• Sold 467 BTC for operations at $41,000 each.
• Strong hashrate of 2.1 EH/s with 20,500 latest-generation miners.

Negative

• None.

Month-to-month bitcoin production increased 35%

LAS VEGAS, Feb. 03, 2022 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a sustainable bitcoin mining and energy technology company, today released its unaudited bitcoin production and operations update for the calendar year-to-date ending January 31, 2022.  

Bitcoin Production & Operations Update (unaudited) 

• January monthly production: 305 
• Total BTC holdings as of January 31: 471 

• Total BTC converted for operations and growth in January: 467 
• Currently deployed fleet of approximately 20,500 latest-generation bitcoin miners with a total hashrate of 2.1 EH/s  

The Company fully funded growth and operations through the sale of 467 bitcoins in January 2022 at an average of approximately $41,000 per BTC. January daily BTC production reached a high of 10.4. 

About CleanSpark  
CleanSpark, Inc., a Nevada corporation, is a sustainable bitcoin mining and energy technology company that is solving modern energy challenges. For more information about the Company, please visit the Company's website at https://www.cleanspark.com/investor-relations. 

Forward-Looking Statements  
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's plans and expectations for expansion of its energy initiatives, operating results, business strategy, digital currency mining activities, the growth of its facilities and other statements regarding the expectations, beliefs, plans, intentions and strategies of the Company. The Company has tried to identify these forward-looking statements by using words such as "expect," "target," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation: the successful deployment of energy solutions for residential and commercial applications; the fitness of the Company's energy hardware, software and other solutions for this particular application or market; the success of its digital currency mining activities; the expectations of future revenue growth may not be realized; ongoing demand for the Company's software products and related services; the impact of global pandemics (including COVID-19) on logistics and shipping and the demand for our products and services; and other risks described in the Company's prior press releases and in its filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in the Company's Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and we undertake no obligation to revise or update this press release (including any forward-looking statements contained herein) to reflect events or circumstances after the date hereof. 

Investor Relations Contact:  
Matt Schultz 
ir@cleanspark.com  

Media Contacts:  
Isaac Holyoak                                            
pr@cleanspark.com      

BlocksBridge Consulting 
Nishant Sharma 
cleanspark@blocksbridge.com   

FAQ

What was CleanSpark's bitcoin production in January 2022?

CleanSpark produced 305 BTC in January 2022.

How much bitcoin does CleanSpark hold as of January 31, 2022?

As of January 31, 2022, CleanSpark holds 471 BTC.

What was the average sale price of bitcoin for CleanSpark in January 2022?

CleanSpark sold bitcoin in January 2022 at an average price of approximately $41,000 per BTC.

What is CleanSpark's total hashrate for bitcoin mining?

CleanSpark has a total hashrate of 2.1 EH/s from approximately 20,500 miners.

What was the peak daily bitcoin production for CleanSpark in January 2022?

The peak daily bitcoin production for CleanSpark in January 2022 was 10.4 BTC.