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CleanSpark Inc. (Nasdaq: CLSK) is a leading Bitcoin mining company powering operations through sustainable energy solutions. This page provides investors and stakeholders with centralized access to official announcements, financial disclosures, and strategic developments.
Track CLSK's operational milestones including mining capacity expansions, energy efficiency improvements, and sustainability initiatives. Stay informed through verified updates on quarterly earnings, technology deployments, and regulatory compliance matters relevant to cryptocurrency mining operations.
Key content includes facility expansions, hashrate achievements, energy partnerships, and market positioning updates. All materials are sourced directly from company communications to ensure accuracy and timeliness.
Bookmark this page for streamlined access to CleanSpark's evolving role in sustainable Bitcoin mining. Check regularly for updates on operational efficiency benchmarks and strategic responses to cryptocurrency market dynamics.
CleanSpark, Inc. (CLSK) reported its Q1 2021 financial results, showcasing a remarkable 130% increase in revenue, reaching $2.26 million compared to $0.98 million in the previous year. Gross margins improved to 41%, indicating enhanced profitability in Bitcoin mining operations. However, operating losses widened to $6.2 million. With a net loss of $7.2 million or $(0.32) per share, the company showed an adjusted EBITDA loss of $591,975. Cash reserves surged to $25.6 million, bolstered by a prior capital raise, supporting future expansion and operational capacity improvements.
CleanSpark, Inc. (CLSK) provided a 60-day update on its Bitcoin mining operations, indicating heightened expectations for its Bitcoin mining capacity. By the end of February 2021, the company anticipates exceeding 315 Ph/s, reflecting over a 65% increase since the December 2020 acquisition. CleanSpark emphasizes the importance of energy costs as demand for Bitcoin grows in light of investments from major companies like Tesla and MicroStrategy. CEO Zach Bradford noted that their focus includes both capacity increase and renewable energy implementation, aiming for the lowest operational energy costs in the U.S.
Pioneer Power Solutions (Nasdaq: PPSI) announced a $1.4 million order for distributed generation equipment from CleanSpark, Inc. (Nasdaq: CLSK), a channel partner. This order expands their collaboration with one of the largest mass-market retailers, following a successful pilot program initiated in 2019. The equipment includes Automatic Transfer Switches and specialty controls, expected to be shipped by Q3 2021. This order enhances Pioneer Power's backlog, which stood at $11.3 million as of September 30, 2020, indicating a positive outlook for 2021.
CleanSpark, Inc. (Nasdaq: CLSK) has secured a new purchase order exceeding $1,500,000 from a Texas-based microgrid developer, to supply ATS solutions. The order will support the world's largest retail chain, enhancing operational resilience during power outages. CEO Zach Bradford emphasized the growing demand for microgrid solutions due to increased grid disruptions. This order aligns with CleanSpark's strategy of providing advanced energy technologies, alongside its Bitcoin mining activities, aiming for sustainable energy costs.
CleanSpark (Nasdaq: CLSK) announced that its subsidiary, GridFabric, has achieved OpenADR certification for KIGT, an electric vehicle charging company. This certification allows KIGT to participate in utility demand response programs, facilitating entry into new markets, including California and Hawaii. KIGT aims to leverage this certification to support the expected growth in the EV market, with projections indicating a doubling of consumer spending on electric vehicles over the next five years. Both CleanSpark and KIGT are positioned for growth as demand for efficient charging solutions increases.
CleanSpark (Nasdaq: CLSK) announced a major upgrade to its microgrid planning software, mVSO, enhancing customer-facing reports and financial analyses. The update includes redesigned report interfaces for better collaboration among energy developers and clear communication of financial metrics. Customers can now seamlessly integrate outputs from various renewable software and manage custom rate structures. The improvements are based on user feedback and aim to support the growing renewable energy market, driven by new government initiatives.
CleanSpark, Inc. (Nasdaq: CLSK) is investigating false allegations made by an anonymous entity, Culper Research, which aims to profit from short selling the company's stock. CleanSpark denies these claims, emphasizing its commitment to transparency and integrity. The company has engaged legal counsel to uncover the identities behind Culper Research and intends to vigorously defend against these baseless accusations. Additionally, it advises shareholders to consult official SEC filings for accurate information regarding the company's operations and financial health.
CleanSpark, Inc. (Nasdaq: CLSK) reported that its wholly-owned subsidiary, ATL Data Centers LLC, mined over 56 Bitcoins in the first 40 days post-acquisition. As of January 19, 2021, the company holds approximately 31 Bitcoins. The mining revenue has surpassed $1.6 million based on Bitcoin's market prices. CleanSpark anticipates increased daily production as it expands mining capacity. CEO Zach Bradford expressed satisfaction with the initial results and commitment to maximizing shareholder value. Investors can expect further updates on mining and energy operations.
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.
