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CleanSpark Reaches 28.7 EH/s in Hashrate

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CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner®, has announced the restoration of normal operations following the impact of Hurricane Helene. The company's hashrate has now reached 28.7 EH/s, after 365 MW of power was temporarily shut down due to the hurricane. CEO Zach Bradford expressed gratitude to employees and utility workers for their efforts in restoring power to both the surrounding communities and the affected facilities. He emphasized the importance of their work in swiftly and safely bringing power back online while prioritizing the energy needs of the local community.

CleanSpark Inc. (Nasdaq: CLSK), il Bitcoin Miner® d'America, ha annunciato il ripristino delle normali operazioni dopo l'impatto dell'uragano Helene. La potenza di calcolo dell'azienda ha ora raggiunto 28,7 EH/s, dopo che 365 MW di energia sono stati temporaneamente disattivati a causa dell'uragano. Il CEO Zach Bradford ha espresso gratitudine ai dipendenti e ai lavoratori delle utility per i loro sforzi nel ripristinare l'energia sia alle comunità circostanti che alle strutture colpite. Ha sottolineato l'importanza del loro lavoro nel riattivare rapidamente e in sicurezza l'energia, dando priorità alle necessità energetiche della comunità locale.

CleanSpark Inc. (Nasdaq: CLSK), el minero de Bitcoin de América®, ha anunciado la restauración de las operaciones normales tras el impacto del huracán Helene. La tasa de hash de la compañía ha alcanzado ahora 28.7 EH/s, después de que se desconectaron temporalmente 365 MW de energía debido al huracán. El CEO Zach Bradford expresó su agradecimiento a los empleados y a los trabajadores de las utilities por sus esfuerzos en restaurar la energía tanto a las comunidades cercanas como a las instalaciones afectadas. Enfatizó la importancia de su trabajo para restaurar rápidamente y de manera segura la energía, priorizando las necesidades energéticas de la comunidad local.

CleanSpark Inc. (Nasdaq: CLSK)는 미국의 비트코인 채굴기이며, 허리케인 헬렌의 영향 이후 정상 운영 복구를 발표했습니다. 회사의 해시레이트는 허리케인으로 인해 일시적으로 365MW의 전력이 중단된 후 28.7 EH/s에 도달했습니다. CEO Zach Bradford는 에너지를 복구하기 위한 직원들과 유틸리티 작업자들의 노력에 감사의 마음을 전했습니다. 그는 지역 사회의 에너지 요구 사항을 우선시하면서 신속하고 안전하게 전력을 재개하는 일의 중요성을 강조했습니다.

CleanSpark Inc. (Nasdaq: CLSK), le mineur de Bitcoin d'Amérique®, a annoncé la restauration des opérations normales suite à l'impact de l'ouragan Helene. La puissance de hachage de l'entreprise a désormais atteint 28,7 EH/s, après la coupure temporaire de 365 MW d'énergie en raison de l'ouragan. Le PDG Zach Bradford a exprimé sa gratitude aux employés et aux travailleurs des services publics pour leurs efforts dans la restauration de l'énergie, tant pour les communautés environnantes que pour les installations touchées. Il a souligné l'importance de leur travail pour rétablir rapidement et en toute sécurité l'énergie tout en donnant la priorité aux besoins énergétiques de la communauté locale.

CleanSpark Inc. (Nasdaq: CLSK), Amerikas Bitcoin Miner®, hat die Wiederherstellung des normalen Betriebs nach dem Einfluss des Hurrikans Helene bekannt gegeben. Die Hashrate des Unternehmens hat nun 28,7 EH/s erreicht, nachdem 365 MW Leistung aufgrund des Hurrikans vorübergehend abgeschaltet wurden. CEO Zach Bradford drückte seine Dankbarkeit gegenüber den Mitarbeitern und den Versorgungsarbeitern für ihre Bemühungen aus, die Energie sowohl für die umliegenden Gemeinden als auch für die betroffenen Einrichtungen wiederherzustellen. Er betonte die Bedeutung ihrer Arbeit, um die Energie schnell und sicher wieder online zu bringen, während die Energiebedürfnisse der lokalen Gemeinschaft im Vordergrund stehen.

Positive
  • Hashrate reached 28.7 EH/s
  • Full operations restored after hurricane impact
  • 365 MW of power successfully brought back online
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Full operations have been materially restored from Hurricane Helene

LAS VEGAS, Oct. 7, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today announced normal operations have resumed after 365 MW of power was shut down in the wake of Hurricane Helene. The Company's hashrate has since reached 28.7 EH/s.

"On behalf of the entire CleanSpark team and our community partners, I want to sincerely thank our amazing employees and utility workers for their incredible efforts in restoring power to the surrounding communities and the facilities that were impacted after Hurricane Helene. Your hard work, perseverance, and collaboration have been crucial in getting power back online at our sites swiftly and safely while still prioritizing the energy needs of the local community. We truly appreciate your dedication and commitment during this unprecedented time," said Zach Bradford, CEO.

About CleanSpark
CleanSpark (Nasdaq: CLSK) is America's Bitcoin Miner®. We own and operate multiple data centers that primarily run on low-carbon power. Our infrastructure responsibly supports Bitcoin, the world's most important digital commodity and an essential tool for financial independence and inclusion. We cultivate trust and transparency among our employees and the communities we operate in. Visit our website at www.cleanspark.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this press release, forward-looking statements include, but may not be limited to, statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: restoring power and operations to sites affected by Hurricane Helene; anticipated additions and targets to CleanSpark's hashrate and the timing thereof; the risk that the electrical power available to our facilities does not increase as expected; the success of its digital currency mining activities; the volatile and unpredictable cycles in the emerging and evolving industries in which we operate; increasing difficulty rates for bitcoin mining; bitcoin halving; new or additional governmental regulation; the anticipated delivery dates of new miners; the ability to successfully deploy new miners; the dependency on utility rate structures and government incentive programs; dependency on third-party power providers for expansion efforts; the expectations of future revenue growth may not be realized; 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 for the fiscal year ended September 30, 2023, and any subsequent filings with the SEC. Forward-looking statements contained herein are made only as to the date of this press release, and we assume no obligation to update or revise any forward-looking statements as a result of any new information, changed circumstances or future events or otherwise, except as required by applicable law.

Investor Relations Contact 
Brittany Moore
702-989-7693
ir@cleanspark.com 

Media Contact
Eleni Stylianou
702-989-7694
pr@cleanspark.com                                            

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/cleanspark-reaches-28-7-ehs-in-hashrate-302268621.html

SOURCE CleanSpark, Inc.

FAQ

What is CleanSpark's current hashrate after Hurricane Helene?

CleanSpark's hashrate has reached 28.7 EH/s after operations were restored following Hurricane Helene.

How much power was shut down due to Hurricane Helene for CLSK?

365 MW of power was shut down for CleanSpark (CLSK) due to Hurricane Helene.

Has CleanSpark (CLSK) resumed normal operations after Hurricane Helene?

Yes, CleanSpark (CLSK) has announced that normal operations have resumed after the impact of Hurricane Helene.

What did CleanSpark's CEO say about the power restoration efforts?

CEO Zach Bradford thanked employees and utility workers for their efforts in restoring power to communities and facilities, emphasizing their dedication and commitment during the unprecedented time.

CLEANSPARK INC

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