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CleanSpark Inc. (Nasdaq: CLSK) is a leading company in the bitcoin mining industry, focused on delivering sustainable and reliable energy solutions. The company was founded in 2013 by Michael Firenze, Art Villanueva, and Bryan Huber. Initially, CleanSpark's vision was to empower communities through advanced energy management technologies, such as fractal grid technologies and federated enterprise services, to create sustainable energy solutions for various sectors including institutional, commercial, industrial, and residential clients.
Over time, CleanSpark shifted its core focus to bitcoin mining. The company leverages its expertise in energy efficiency to operate highly effective and low-carbon data centers dedicated to mining bitcoin. Through strategic acquisitions like that of ATL Data Centers, CleanSpark has become a significant player in the bitcoin mining sector. The company's infrastructure supports bitcoin—a critical digital commodity for financial independence and inclusion.
CleanSpark is known for its innovative Flex Power System, which provides energy security at or below current electricity prices, making it cost-effective for up to 25 years or more. As of the latest updates, the company has made substantial progress in its operational capacity. Recent achievements include a 60% increase in hashrate and significant additions to their bitcoin treasury, which now holds nearly 5,000 bitcoins.
In addition to its core mining operations, CleanSpark continues to expand its footprint. The company's acquisition of new sites in Mississippi and Georgia has bolstered their total operating hashrate to over 17 EH/s. Moreover, the company plans to acquire additional facilities in Wyoming, which are expected to add further operational capacity.
Financially, CleanSpark is robust, reporting significant revenue increases and maintaining a strong balance sheet with almost $700 million in cash and bitcoin, and minimal debt. The company's dedication to transparency and trust is evident in their regular updates and investor communications.
Overall, CleanSpark Inc. is not only pioneering in the bitcoin mining sector but also promoting sustainable and efficient energy use, positioning itself as a forward-thinking leader in both the technological and financial landscapes. For more information, visit their website at www.cleanspark.com.
CleanSpark, Inc. (Nasdaq: CLSK) recently partnered with Solar Watt Solutions to deploy a solar-plus-storage microgrid at a medical facility in Orange County, California. The project features a 100kW rooftop and carport solar system with a 30kW/70kW battery, expected to save the facility around 90% on monthly energy costs and achieve a payback period of three years. This collaboration aims to enhance energy resilience and cost-effectiveness for customers amidst rising energy costs.
CleanSpark has announced a new contract for a residential microgrid project in Santa Barbara, CA, aiming to enhance energy resilience for a homeowner affected by frequent power disruptions. The project includes energy modeling, analytics, and implementation of energy storage and controls through CleanSpark’s mPulse software. The homeowner, Frank Huerta, expressed confidence in the system's ability to prevent energy interruptions. CEO Zach Bradford highlighted the growing demand for residential microgrids as California homeowners seek reliable energy amid unstable utility services.
CleanSpark, Inc. (Nasdaq: CLSK) will participate in Renmark’s Virtual Non-Deal Roadshow on January 11, 2021, at 12:00 pm ET, presented by Executive Chairman Matthew Schultz. The session will cover updates on the company's growth plans, including the acquisition of ATL Data Center LLC and plans to enhance its Bitcoin mining operations with an expected addition of over 30MW capacity. CleanSpark anticipates deploying more than 3,400 ASIC miners, aiming to increase capacity to 300 PH/s by early 2021. Investors can register for the live event through provided links.
CleanSpark (Nasdaq: CLSK) and Bay Area Energy Solutions announced a partnership to develop a pilot microgrid solution for a luxury estate in Healdsburg, CA. This project, the first under their partnership, aims to provide self-sufficient, off-grid energy for a 14,000 square foot estate. Utilizing CleanSpark's mPulse Controller, solar, and energy storage systems, the microgrid will enhance energy resilience amid California's utility disruptions. CleanSpark anticipates significant demand in the luxury estate sector, citing a vast potential market in California.
CleanSpark, Inc. (Nasdaq: CLSK) reported updated Bitcoin mining figures and revenues following its acquisition of ATL Data Centers LLC. From December 10, 2020, to year-end, the company mined over 31 Bitcoins and generated approximately $873,000 in revenue. CEO Zach Bradford stated that CleanSpark can profit with Bitcoin prices above $6,000 per coin and plans to enhance operations by adding 1,500 ASIC miners and expanding energy usage. The company aims to mine Bitcoin at the lowest energy costs in the U.S. while managing fluctuations in Bitcoin prices.
CleanSpark (CLSK) reported a successful financial year, forecasting a revenue growth of 300% for 2021, aiming for $30M. The company made strategic acquisitions, including GridFabric and ATL Data Centers, enhancing its cash flow and growth potential. Noteworthy achievements include launching microgrids in Costa Rica and receiving a $2.9M grant from the California Energy Commission. The recent FERC 2222 ruling favors distributed energy markets, benefiting CleanSpark. Management emphasizes a commitment to profitability and improving shareholder value through expansion and strategic partnerships.
CleanSpark, Inc. (Nasdaq: CLSK), a company focused on energy solutions, will participate in the Water Tower Research Fireside Chat on December 29, 2020. The discussion will cover insights into their Bitcoin mining operations and new 2021 guidance, particularly the ATL Data Center acquisition. CEO Zachary Bradford will lead the chat, which includes a Q&A on the company’s year-end filings. CleanSpark aims to enhance its Bitcoin mining capacity from 200 PH/s to 300 PH/s by early 2021.
CleanSpark, Inc. (Nasdaq: CLSK) announced the acquisition of 1,000 additional ASIC Bitcoin miners, set for delivery next month. This follows a previous order of 500 ASICs, enhancing the company’s mining capacity by over 100 PH/s, reaching approximately 300 PH/s. CleanSpark aims to capitalize on rising Bitcoin prices and the demand for efficient mining operations. CEO Zachary Bradford emphasized the strategic advantage of acquiring miners for immediate deployment, positioning the company for substantial returns in the growing Bitcoin market.
CleanSpark, Inc. (Nasdaq: CLSK) announced an update on its acquisition of ATL Data Center LLC, focusing on enhanced Bitcoin mining operations. The company's patented microgrid software is expected to boost energy efficiency, with approximately 10 Bitcoins already mined, valued at around $200,000. CleanSpark has ordered 500 additional ASIC mining units to increase capacity, currently exceeding 200PH/s. The acquisition aims to leverage renewable energy, positioning CleanSpark to minimize costs and maximize profitability in the competitive Bitcoin mining landscape.
CleanSpark, Inc. (Nasdaq: CLSK) reported a revenue increase of 122%, surpassing $10 million for the fiscal year ended September 30, 2020, marking the third consecutive year of doubling revenues. Gross profit rose to $2.12 million with a gross margin of 21.1%. Despite a net loss of $23.3 million, improvements were seen in operational loss and cash flow. The company raised $44 million in funding, enhancing financial stability. Looking ahead, CleanSpark anticipates $20 million in revenue for fiscal 2021, boosted by recent acquisitions and an expanding proposal pipeline.
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