CleanSpark Announces November Bitcoin Mining Updates

Rhea-AI Summary

CleanSpark, Inc. (Nasdaq: CLSK) announced a 4.3% increase in daily bitcoin production for November, averaging 7.3 BTC per day. The company produced 218 BTC in November, contributing to a year-to-date total of 1,301 BTC. As of November 30, CleanSpark holds 838 BTC and has converted 478 BTC for operational growth. The company operates approximately 12,900 bitcoin miners with a total hashrate of 1.3 EH/s. This release highlights CleanSpark's sustainable approach to bitcoin mining and energy technology.

Positive

• 4.3% increase in daily production for November to 7.3 BTC per day.
• Monthly production of 218 BTC in November, totaling 1,301 BTC year-to-date.
• Holds 838 BTC as of November 30.
• Converted 478 BTC for operational growth within the year.
• Utilizes approximately 12,900 latest-generation bitcoin miners with a hashrate of 1.3 EH/s.

Negative

• None.

Daily production is up 4.3% for November to 7.3 BTC per day

SALT LAKE CITY, Dec. 06, 2021 (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 November 30, 2021.  

Bitcoin Production & Operations Update (unaudited) 

• November monthly production: 218 
• Calendar year-to-date production ending November 30: 1,301 

• Total BTC holdings as of November 30: 838 
• Total BTC converted for operational growth in CY2021: 478 
• Deployed fleet of approximately 12,900 latest-generation bitcoin miners with a total hashrate of 1.3 EH/s  

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   

Attachment

• CleanSpark's Sustainable Bitcoin Mining Operations in Atlanta

FAQ

What is CleanSpark's daily bitcoin production as of November?

CleanSpark reported a daily bitcoin production of 7.3 BTC for November, marking a 4.3% increase.

How much bitcoin did CleanSpark produce in November 2021?

CleanSpark produced 218 BTC in November 2021.

What is CleanSpark's total bitcoin production year-to-date as of November 30, 2021?

As of November 30, 2021, CleanSpark's total bitcoin production year-to-date is 1,301 BTC.

How many bitcoin does CleanSpark hold as of November 30, 2021?

CleanSpark holds 838 BTC as of November 30, 2021.

What is the hashrate of CleanSpark's mining fleet?

CleanSpark operates a mining fleet with a total hashrate of 1.3 EH/s.