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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), America's Bitcoin Miner®, has announced significant expansions and acquisitions that have boosted its hashrate to over 26 EH/s. The company has recently energized the final 50 MW phase of its 150 MW expansion in Sandersville, GA, and completed expansions in Dalton, along with acquiring seven facilities in Tennessee. These developments have increased the company's capacity by 65 MW and 3.2 EH/s. CEO Zach Bradford expects CleanSpark's hashrate to reach 37 EH/s before the end of 2024, highlighting the rapid growth and successful partnerships with local communities.
CleanSpark Inc. (Nasdaq: CLSK) has announced the acquisition of seven bitcoin mining facilities in the Knoxville, Tennessee area for $27.5 million. This strategic move is expected to add over 85 MW of immediately available capacity and increase the company's hashrate by 5 EH/s, boosting its current capacity by over 22%. The acquisition is set to close by September 25, 2024.
With this expansion, CleanSpark anticipates reaching 37 EH/s before the end of 2024, up from its previous 23 EH/s. The company plans to install the latest generation S21 pro miners, which have already arrived. CEO Zach Bradford highlighted the strategic timing of mining server purchases, allowing CleanSpark to capitalize on market opportunities and fill newly acquired data center space efficiently.
CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner®, released its unaudited bitcoin mining update for August 2024. The company mined 478 bitcoin and increased its total operating hashrate by 1.4 EH/s. Key highlights include:
- Month-end operating hashrate: 22.6 EH/s
- Deployed fleet: 163,648 miners
- Fleet efficiency: 22.70 J/Th
- Total bitcoin holdings: 7,558
- Bitcoin sold in August: 2.50 at ~$56,729 per bitcoin
CleanSpark expects 65 MW of additional data center capacity to come online in September, with expansions in Dalton (15 MW) and Sandersville (50 MW). The company is also progressing on projects in Wyoming and Tennessee, including the planned acquisition of GRIID Infrastructure Inc.
CleanSpark (NASDAQ: CLSK) reported its Q3 FY2024 financial results, showing significant growth and strategic decisions. Revenue increased 129% year-over-year to $104.1 million, despite a 50% reduction in block rewards due to Bitcoin halving. The company mined 1,583 bitcoins during the quarter. However, CleanSpark reported a net loss of $236.2 million, primarily due to non-cash factors including an unfavorable mark-to-market on bitcoin holdings and an impairment on older miners.
CleanSpark's current hashrate surpassed 22 EH/s, with a 24% increase during the quarter and a 21% improvement in efficiency year-to-date. The company is expanding into Tennessee and Wyoming. CleanSpark also partnered with Coinbase for a $50 million revolving line of credit collateralized by bitcoin holdings. As of June 30, 2024, CleanSpark had $129.2 million in cash, $413 million in bitcoin, and total assets of $1.48 billion.
CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner®, has announced a change in the date and time for its fiscal third quarter 2024 financial results webcast. The new schedule is set for August 9, 2024, at 4:30 PM ET / 1:30 PM PT. Interested parties can access the webcast through a provided link. For those preferring a conference call, North American participants can use the toll-free number (888) 330-2137, while international callers should dial +1 (646) 960-0143. The conference ID is 1382915. CleanSpark will make downloadable files, including transcripts, available on their company website 48 hours after the event.
CleanSpark (Nasdaq: CLSK), a major Bitcoin mining company in America, announced the postponement of its fiscal third-quarter 2024 financial results webcast. Originally scheduled for August 8, 2024, at 4:30 PM ET, this event has been delayed. The company plans to release an updated time and webcast details at a later date.
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) has announced the execution of 75 MW of power contracts and the completion of its first Bitcoin mining site acquisition in Wyoming. The initial 30 MW immersion-cooled data center is expected to add over 2 EH/s to the Company's hashrate in 2024. CleanSpark plans to deploy the S21 immersion XPs, the most powerful and efficient Bitcoin mining machines available. The company is also progressing on a second site in Wyoming, which will bring an additional 45 MW online, contributing an estimated 3 EH/s to the hashrate. This expansion marks CleanSpark's entry into its third state, with existing operations in Georgia, Mississippi, Tennessee, and New York.
CleanSpark Inc. (Nasdaq: CLSK), known as America's Bitcoin Miner®, has announced that it will discuss its fiscal third quarter 2024 financial results via a live webcast on Thursday, August 8, 2024, at 4:30 p.m. EST/ 1:30 p.m. PST. The company will release its results after the close of regular trading on the same day. Interested parties can access the webcast through a provided link. For those who prefer a conference call, North America Toll-Free and International Toll numbers are available, along with a Conference ID. CleanSpark will make downloadable files, including transcripts, available on their company website 48 hours after the event.
CleanSpark, a prominent Bitcoin miner, announced its June 2024 operational updates. The company mined 445 bitcoins, raising its total to 3,614 for 2024. Its hashrate exceeded the mid-year target, reaching over 20 EH/s, doubling since December. This achievement followed the acquisition of five mining sites in Georgia, adding 60 MW of infrastructure. The new sites include unique power purchase agreements, aiding utility providers. CleanSpark sold 8.06 bitcoins in June at an average price of $67,514 per bitcoin. The company also completed phases of its Dalton expansion, expected to reach 2.4 EH/s by September 2024.
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