CLEANSPARK INC - CLSK STOCK NEWS

CleanSpark, Inc. (CLSK) reported mining 576 bitcoins in February 2023, achieving a new efficiency milestone of 30.6 watts per terahash. With an average wholesale power rate of two cents per kilowatt-hour, the company increased profit margins even amid reduced production due to the month’s shorter length. The total bitcoin mined in CY2023 reached 1,273, with total BTC holdings at 100. Notably, CleanSpark sold 778 bitcoins at an average price of approximately $23,000, generating about $17.9 million in proceeds. Expansion efforts in Washington continue, with an additional 50 megawatts expected soon, enhancing the mining capacity.

CleanSpark Inc. (Nasdaq: CLSK) recently announced a purchase of 20,000 Antminer S19j Pro+ units for $43.6 million, expecting a net cost of $32.3 million after discounts. This acquisition is projected to boost its bitcoin production capacity by 37%, adding 2.44 EH/s to its current 6.6 EH/s. The new machines, more efficient and productive than prior models, will be deployed primarily at the company’s Washington, Georgia facility. CleanSpark's capital management strategy emphasizes reinvestment from mined bitcoin, aiming for sustainable growth and efficiency amidst market challenges.

CleanSpark, Inc. (Nasdaq: CLSK) reported first-quarter revenues of $27.8 million, a 25% decline from $37.1 million in the prior year. The company faced a net loss of $(29.0 million), down from a $14.5 million profit in the same quarter last year. Adjusted EBITDA also decreased to ($1.4 million) from $25.1 million year-over-year. However, the company mined a record 1,531 Bitcoin, a 132% increase year-over-year. Despite challenges, CleanSpark experienced a 6% sequential revenue increase and reduced its debt by 8% in the fourth quarter. The company aims for a year-end guidance of 16 EH/s hash rate.

CleanSpark, Inc. (CLSK) reported a record of 697 bitcoins mined in January 2023, marking a 50% increase compared to December and a 129% rise year-over-year. The company’s total bitcoin holdings grew by 32% to 301 BTC. They achieved 98% uptime across all mining sites, demonstrating operational reliability. The company sold 624 bitcoins at an average price of $19K per BTC, generating approximately $11.9 million in proceeds. CleanSpark continues to focus on sustainable energy practices, positioning itself as a leader in the Bitcoin mining sector.

CleanSpark, Inc. (Nasdaq: CLSK), known as America's Bitcoin Miner™, is set to discuss its fiscal first quarter 2023 financial results during a live webcast on February 9, 2023, at 4:30 p.m. EST. Results will be released after the market's close on the same day. The company, which focuses on sustainable Bitcoin mining, is recognized for its commitment to low-carbon energy sources and has achieved notable growth, ranking 44th on the Financial Times' 2022 list of 500 Fastest Growing Companies in the Americas. For more details, visit CleanSpark Investor Relations.

CleanSpark (NASDAQ: CLSK) has announced a nearly $16 million expansion of its bitcoin mining facility in Washington, Georgia, which is expected to be completed by late spring. This will enable the Company to accommodate up to 16,000 miners, increasing its hashrate to approximately 8.7 EH/s. The expansion will add between 1.6 to 2.2 exahashes per second of computing power, representing a 25% to 34% boost from the current 6.5 EH/s. CleanSpark's mining operations focus on renewable energy sources, and the new phase aims to further solidify its position as a leading bitcoin miner in North America.

CleanSpark, known as America’s Bitcoin Miner™, has achieved the Great Place to Work® certification after a companywide employee survey revealed that approximately 97% of employees consider it a great workplace. CEO Zach Bradford attributes this recognition to the company’s dedication to fostering a supportive culture. Employee feedback highlighted the company's fairness, development opportunities, and overall positive work environment. Recent initiatives include financial preparedness seminars and generous benefits, which enhance employee satisfaction and retention.

CleanSpark, Inc. (CLSK) reported a significant increase in bitcoin production for 2022, mining a total of 4,621 bitcoins, representing a 200% increase from the previous year. In December alone, the company mined 464 bitcoins, achieving a daily high of 22 bitcoins. Despite a slight decrease in production in December due to winter storm Elliot, operations resumed rapidly. As of December 31, CleanSpark held 228 bitcoins and generated $8.7 million in revenues from the sale of 517 bitcoins.