Cleanspark Inc - CLSK STOCK NEWS

CleanSpark, Inc. reported remarkable FY2024 second-quarter financial results, including revenue of $111.8 million and net income of $126.7 million. Adjusted EBITDA stood at $181.8 million, with revenue growing 163% YoY. The company's current hashrate exceeded 17 EH/s, positioning them as a top industry operator. CleanSpark also highlighted their expansion efforts, increased operational capacity, and new facilities in Mississippi and Georgia. With a strong financial position, $700 million in cash and bitcoin, and virtually no debt, CleanSpark is well-prepared to capitalize on opportunities in the market.

CleanSpark Inc. (Nasdaq: CLSK) has appointed Scott Garrison as the chief operating officer and Taylor Monnig as the chief technology officer. Both have played important roles in the company's growth, with Garrison leading business development and construction of data centers, and Monnig focusing on developing programs for uptime and miner performance. The CEO emphasized their contributions to CleanSpark's success and the company's goal of achieving 50 EH/s in the bitcoin mining industry.

CleanSpark Inc. (Nasdaq: CLSK) released its April 2024 Bitcoin mining update, exceeding 17 EH/s, mining 721 bitcoin with a daily high of over 48 bitcoin. The company reported increased efficiency, transaction fees post-halving, and technological advantages boosting bitcoin production. With low mining costs and industry-leading scale, they expect a decline in global hashrate to benefit them. The company plans expansion and will share details during the upcoming earnings call.

CleanSpark Inc. executives will discuss the fiscal second quarter 2024 financial results via a live webcast on May 9, 2024. The results will be released after the close of regular trading. Investors can access the webcast on the company's website. Downloadable files, including transcripts, will be available 48 hours after the event.

CleanSpark Inc. (CLSK) negotiates an option upgrade to new S21 Pros, increasing the total purchased hashrate by 17% to 23.4 EH/s. The Company reached its new hashrate high as its data center in Dalton, GA, goes online. The upgrade to the more efficient S21 Pro model at a low cost per terahash positions CleanSpark as a leading bitcoin miner in North America.

CleanSpark Inc. (CLSK) reports record bitcoin mining results in March, with 806 bitcoin mined, a 24% increase from February, totaling 5,021 bitcoins. The company's operating hashrate exceeds 16 EH/s, with further growth expected. CleanSpark's bitcoin treasury now stands at over 5,000 bitcoins, coupled with a cash balance of $300 million, positioning them well for upcoming merger and acquisition opportunities in the industry.

CleanSpark Inc. (CLSK) reports a 60% growth in hashrate to exceed 16 EH/s with over 131,000 operational miners. Monthly bitcoin production increased by 12%, adding 648CY2024 bitcoin to their treasury, totaling 4,218 bitcoin. The company sold 2.8 bitcoin in February at an average of $50,000 per bitcoin, generating proceeds of $140,000.

CleanSpark, Inc., a leading Bitcoin miner, has completed the acquisition of three bitcoin mining data centers in Mississippi, boosting its operating hashrate to over 15 EH/s. The company aims to create jobs and foster economic growth in the region while maximizing grid services capabilities.

CleanSpark Inc. (CLSK) has completed energizing the first 100 MW of its expansion in Georgia, increasing its operating hashrate by 40% to over 14 EH/s. The company aims to provide grid services and economic development to the community while partnering with utilities for energy resilience.