CleanSpark Releases July 2024 Bitcoin Mining Update
CleanSpark Inc. (Nasdaq: CLSK) released its unaudited bitcoin mining update for July 2024. The company mined 494 bitcoin during the month, bringing its total holdings to 7,082 bitcoin. CleanSpark's month-end operating hashrate reached 21.2 EH/s with a deployed fleet of 160,900 miners.
The company made significant progress in expanding operations, securing 75 MW of power agreements in Wyoming and closing its first Bitcoin mining site in the state. In Tennessee, CleanSpark began hashing under agreements with GRIID infrastructure Inc., adding 1 EH/s of additional hashrate. The company is progressing towards its target of 32 EH/s by the end of 2024.
CleanSpark's expansion plans include a 15 MW expansion in Dalton, expected to be operational by early September 2024, adding approximately 0.9 EH/s to its hashrate.
CleanSpark Inc. (Nasdaq: CLSK) ha pubblicato il suo aggiornamento sul mining di bitcoin non auditato per luglio 2024. Nel mese, l'azienda ha estratto 494 bitcoin, portando il totale delle sue riserve a 7.082 bitcoin. L'hasrate operativo alla fine del mese di CleanSpark ha raggiunto 21,2 EH/s con una flotta di 160.900 miner.
L'azienda ha fatto progressi significativi nell'espansione delle operazioni, garantendo 75 MW di contratti di fornitura di energia in Wyoming e chiudendo il suo primo sito di mining bitcoin nello stato. In Tennessee, CleanSpark ha iniziato a minerare sotto accordi con GRIID Infrastructure Inc., aggiungendo 1 EH/s di hashrate aggiuntivo. L'azienda sta procedendo verso il suo obiettivo di 32 EH/s entro la fine del 2024.
I piani di espansione di CleanSpark includono un'espansione di 15 MW a Dalton, che dovrebbe essere operativa entro l'inizio di settembre 2024, aggiungendo circa 0,9 EH/s al suo hashrate.
CleanSpark Inc. (Nasdaq: CLSK) publicó su actualización no auditada sobre la minería de bitcoin para julio de 2024. Durante el mes, la compañía extrajo 494 bitcoin, llevando su total de tenencias a 7,082 bitcoin. La tasa de hash operativa a finales de mes de CleanSpark alcanzó 21.2 EH/s con una flota de 160,900 mineros.
La empresa ha logrado avances significativos en la expansión de sus operaciones, asegurando 75 MW de contratos de energía en Wyoming y cerrando su primer sitio de minería de bitcoin en el estado. En Tennessee, CleanSpark comenzó a minar bajo acuerdos con GRIID Infrastructure Inc., añadiendo 1 EH/s de tasa de hash adicional. La compañía avanza hacia su objetivo de 32 EH/s para finales de 2024.
Los planes de expansión de CleanSpark incluyen una expansión de 15 MW en Dalton, que se espera esté operativa a principios de septiembre de 2024, añadiendo aproximadamente 0.9 EH/s a su tasa de hash.
CleanSpark Inc. (Nasdaq: CLSK)는 2024년 7월 비감사 비트코인 채굴 업데이트를 발표했습니다. 이 회사는 이달에 494 비트코인을 채굴하여 총 보유량이 7,082 비트코인에 도달했습니다. CleanSpark의 월말 운영 해시레이트는 21.2 EH/s에 도달했으며, 160,900개의 채굴기를 배치하였습니다.
회사는 운영 확장에서 상당한 진전을 이루었으며, 와이오밍에서 75 MW의 전력 계약을 확보하고 그 주에서 첫 번째 비트코인 채굴 사이트를 마감했습니다. 테네시에서는 CleanSpark가 GRIID Infrastructure Inc.와의 계약에 따라 해싱을 시작하여 1 EH/s의 추가 해시레이트를 추가했습니다. 이 회사는 2024년 말까지 32 EH/s 목표를 향해 나아가고 있습니다.
CleanSpark의 확장 계획에는 달튼에서의 15 MW 확장이 포함되어 있으며, 이는 2024년 9월 초에 가동될 예정이고, 해시레이트에 약 0.9 EH/s를 추가할 것입니다.
CleanSpark Inc. (Nasdaq: CLSK) a publié sa mise à jour non auditée sur le minage de bitcoin pour juillet 2024. L'entreprise a extrait 494 bitcoin durant le mois, portant son total à 7.082 bitcoin. Le taux de hachage opérationnel de CleanSpark à la fin du mois a atteint 21,2 EH/s avec une flotte de 160.900 mineurs déployés.
La société a réalisé des progrès significatifs dans l'expansion de ses opérations, en sécurisant 75 MW de contrats d'énergie dans le Wyoming et en fermant son premier site de minage de bitcoin dans l'État. Au Tennessee, CleanSpark a commencé à miner sous des accords avec GRIID Infrastructure Inc., ajoutant 1 EH/s de taux de hachage supplémentaire. L'entreprise avance vers son objectif de 32 EH/s d'ici fin 2024.
Les plans d'expansion de CleanSpark incluent une extension de 15 MW à Dalton, qui devrait être opérationnelle début septembre 2024, ajoutant environ 0,9 EH/s à son taux de hachage.
CleanSpark Inc. (Nasdaq: CLSK) hat sein ungeprüftes Update zum Bitcoin-Mining für Juli 2024 veröffentlicht. Das Unternehmen hat im Monat 494 Bitcoin gefördert und bringt damit seine Gesamtbestände auf 7.082 Bitcoin. Das Betriebshashrate von CleanSpark erreichte zum Monatsende 21,2 EH/s mit einer eingesetzten Flotte von 160.900 Minern.
Das Unternehmen hat bedeutende Fortschritte bei der Ausweitung der Operationen gemacht, indem es 75 MW an Energieverträgen in Wyoming gesichert und seinen ersten Bitcoin-Mining-Standort im Bundesstaat geschlossen hat. In Tennessee begann CleanSpark mit dem Hashing unter Vereinbarungen mit GRIID Infrastructure Inc. und fügte 1 EH/s an zusätzlichem Hashrate hinzu. Das Unternehmen strebt an, bis Ende 2024 32 EH/s zu erreichen.
Die Expansionspläne von CleanSpark umfassen eine Erweiterung um 15 MW in Dalton, die voraussichtlich Anfang September 2024 in Betrieb genommen wird und etwa 0,9 EH/s zu seinem Hashrate hinzufügt.
- Mined 494 bitcoin in July 2024, with total holdings reaching 7,082 bitcoin
- Secured 75 MW of power agreements in Wyoming and closed first Bitcoin mining site in the state
- Added 1 EH/s of hashrate in Tennessee through agreements with GRIID infrastructure Inc.
- Month-end operating hashrate increased to 21.2 EH/s
- On track to reach target of 32 EH/s by the end of 2024
- Dalton expansion expected to add 0.9 EH/s by early September 2024
- Slight decrease in average fleet efficiency due to operating a portion of the fleet in higher power modes
Insights
CleanSpark's July 2024 Bitcoin mining update reveals significant operational progress and strategic expansion. The company mined 494 bitcoin during the month, bringing its year-to-date total to 4,108. What's particularly noteworthy is the
The company's expansion into Wyoming and Tennessee is a strategic move to diversify its operations and increase its hashrate. With power agreements totaling 75 MW secured in Wyoming and the addition of 1 EH/s of hashrate in Tennessee, CleanSpark is on track to reach its ambitious target of 32 EH/s by year-end. This expansion could significantly boost the company's mining capacity and potentially its revenue.
However, investors should note that CleanSpark sold only 2.54 bitcoin in July at an average price of
The company's focus on efficiency is evident from its fleet efficiency of 22.89 J/Th, which is competitive in the industry. The slight change in average fleet efficiency due to operating in higher power modes demonstrates the company's ability to adapt to market conditions to maximize production.
Overall, CleanSpark's July update paints a picture of a company aggressively expanding its operations while maintaining a bullish stance on bitcoin. However, investors should carefully consider the risks associated with the volatile nature of cryptocurrency and the capital-intensive nature of mining operations.
CleanSpark's technological advancements and expansion strategies are noteworthy from a tech perspective. The company's end-of-July operating hashrate of 21.2 EH/s is impressive, placing them among the top bitcoin miners globally. Their ambitious target of 32 EH/s by year-end demonstrates a commitment to scaling their operations rapidly.
The company's diversification into immersion cooling technology in Wyoming is particularly interesting. Immersion cooling can potentially increase mining efficiency and extend the lifespan of mining equipment. This 30 MW site is expected to add approximately 2 EH/s to CleanSpark's hashrate, which is a significant boost to their computational power.
CleanSpark's ability to adjust their fleet's power mode to maximize production during opportune times shows a sophisticated approach to mining operations. This flexibility allows them to optimize their energy usage and potentially increase profitability.
The expansion into Tennessee through co-location agreements with GRIID is another smart move. Co-location can help reduce capital expenditure while still allowing for rapid expansion. The addition of 1 EH/s of operational hashrate, with another 1.28 EH/s expected soon, represents a substantial increase in mining capacity.
However, it's important to note that as the global hashrate continues to climb, maintaining competitiveness will require ongoing investment in the latest mining hardware and continued optimization of operations. CleanSpark's current trajectory suggests they are well-positioned to keep pace with these industry demands, but investors should monitor how effectively they manage this technological arms race in the long term.
Mines 494 bitcoin during the month and increases treasury by
Officially expands into
"We made significant progress in two new states this month," said Zach Bradford, CEO. "Power agreements totaling 75 MW have been secured in
July Bitcoin Mining Update (unaudited)
- Bitcoin mined in July: 494
- CY2024 bitcoin mined: 4,108
- Total bitcoin holdings as of July 31: 7,082
- Total bitcoin sold in July: 2.54
- Deployed fleet: 160,900
- Fleet efficiency: 22.89 J/Th
- Month-end operating hashrate: 21.2 EH/s
The Company sold 2.54 bitcoin in July 2024 at an average price of approximately
Growth Update
Tennessee Co-location: Hashing in
Wyoming Closings: Power agreements for 75 MW have been executed and the Company has closed on its first Bitcoin mining site in the state. The initial 30 MW site will be immersion-cooled and is expected to add approximately 2 EH/s to CleanSpark's hashrate before the end of the year. The Company expects to proceed with the closing of a second site in the coming weeks.
Dalton Expansion: Electrical primary installation is currently ongoing. The East building is completed, and electrical shelving is being installed. Construction of the West building is underway. The 15 MW expansion is expected to be hashing by early September 2024, leading to an increase of approximately 0.9 EH/s upon completion.
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: future opportunities in
Investor Relations Contact
Brittany
702-989-7693
ir@cleanspark.com
Media Contact
Eleni Stylianou
702-989-7694
pr@cleanspark.com
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SOURCE CleanSpark, Inc.
FAQ
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