CleanSpark Releases August 2023 Bitcoin Mining Update
- CleanSpark achieved high levels of bitcoin production in August, with 659 bitcoin mined and a strong operating hashrate of 9.3 EH/s.
- Construction for the expansion in Sandersville, GA is progressing, with materials arriving daily. Once completed, it will be one of the largest bitcoin mining data centers in the southeastern United States.
- None.
Bitcoin holdings continue to grow, now at 1,677 BTC
Monthly production among industry leaders at 659 bitcoin mined for August
Achieves operating hashrate of 9.3 EH/s
"August was another banner month for CleanSpark as the 50MW expansion in
August Bitcoin Mining Update (unaudited)
- Bitcoin mined in August: 659
- CY2023 bitcoin mined: 4,729
- Total BTC holdings as of August 31: 1,677
- Total BTC sold in August: 43
- Deployed fleet: 88,217
- Month-end fleet efficiency: 28.7
- Current hashrate: 9.3 EH/s
The Company sold 43 bitcoins in August 2023 at an average of approximately
Operational updates
Concurrently, the Municipal Energy Authority of
Additional commentary about the
Fall Investor Conference Schedule
3rd Annual Needham Virtual Crypto Conference, September 7, 2023
- CleanSpark Executive Chairman Matthew Schultz
- The conference is open to clients of Needham & Company by invitation only.
- For more information, please call (212) 371-8300 or visit www.needhamco.com.
H.C. Wainwright 25th Annual Global Investment Conference (
- Company Presentation: Executive Chairman Matthew Schultz and CFO Gary A. Vecchiarelli
- Panel: CEO and President Zach Bradford
- Interested investors can access CleanSpark's presentation beginning September 15, 2023, by visiting the events page on CleanSpark's website at www.cleanspark.com.
AIM Summit (
- Fireside Chat: CEO and President Zach Bradford
- For more information, visit www.aimsummit.com.
26th Annual Needham Growth Conference (
- Company Presentation: Executive Chairman Matthew Schultz and Chief Financial Officer Gary A. Vecchiarelli
- Needham & Company's flagship conference is one of the country's largest growth stock investing events, with over 375 companies participating in 2023.
- The 25th Annual Needham Growth Conference is open to clients of Needham & Company by invitation only.
- For more information, please call (212) 371-8300 or visit www.needhamco.com.
About CleanSpark
CleanSpark (Nasdaq: CLSK) is America's Bitcoin Miner™. We own and operate 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, including statements regarding expectations of realizing the benefits of 9.3 EH/s of operating hashrate, achievement and timing of reaching our target guidance of 16 EH/s, the expansion and timing of such expansion of the bitcoin mining facilities in
The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Forward-looking statements involve 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: the anticipated timing of the expansions; 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 and any subsequent filings with the SEC. The forward-looking statements in this press release are based upon information available to us as of the date of this press release, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements.
You should read this press release with the understanding that our actual future results, performance and achievements may be materially different from what we expect. We qualify all of our forward-looking statements by these cautionary statements. These forward-looking statements speak only as of the date of this press release. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained in this press release, whether as a result of any new information, future events or otherwise.
Investor Relations Contact
Matt Schultz
ir@cleanspark.com
Media Contacts
Isaac Holyoak
pr@cleanspark.com
BlocksBridge Consulting
Nishant Sharma
cleanspark@blocksbridge.com
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SOURCE CleanSpark, Inc.