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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) reported a significant achievement as its bitcoin mining hashrate reached 6 EH/s, marking a three-fold increase within one year. This milestone enables the company to meet its revised 2022 guidance. CEO Zach Bradford highlighted that the growth was partly due to the early relocation of machines from Mawson and emphasized the operational team’s efforts in challenging conditions. CleanSpark operates four mining campuses in Georgia and aims to expand its hashrate to 16 EH/s by the end of 2023.
Mawson Infrastructure Group (NASDAQ:MIGI) reports an operational capacity of approximately 2.5 Exahash by the end of November, driven by Bitcoin Self-Mining and Hosting Co-location. In November, the company generated about
CleanSpark (CLSK) reported its fiscal year 2022 results showing a 235% revenue increase to $131.5 million but also a net loss of $(57.3 million. Adjusted EBITDA surged 487% to $65.7 million. In Q4 alone, revenue was $26.2 million, a 14% rise year-over-year, but the net loss was $(42.3 million), marking a 683% increase from the prior year. Mining operations reached a hashrate of 5.8 EH/s with a daily production of 21.7 BTC. The company revised its 2023 guidance amidst challenges from a partnership delay with Lancium.
CleanSpark, Inc. (Nasdaq: CLSK) reported a 5.5 EH/s hashrate, exceeding its year-end guidance with a 320% increase from last year. In November, the company mined 535 BTC, bringing the year-to-date total to 4,157 BTC. CleanSpark's operations included the sale of 544 BTC for approximately $9.4 million. The company focuses on efficiency and plans for an expansion with an additional 50 MW at its Georgia site. As of November 30, CleanSpark held 281 BTC.
CleanSpark (NASDAQ: CLSK) has appointed Amanda Cavaleri to its board of directors. Cavaleri, with extensive experience in policy and advocacy, is expected to enhance the company’s governance amid increasing regulatory scrutiny. As CEO of a mining site leveraging stranded energy, her insights into sustainable bitcoin mining align with CleanSpark's mission. Executive Chairman Matthew Schultz and CEO Zach Bradford highlight her unique qualifications and anticipate her contributions to the company’s growth strategy, particularly in energy-efficient mining practices.
CleanSpark Inc. (Nasdaq: CLSK), known for its sustainable Bitcoin mining practices, will present its fiscal full year and fourth quarter 2022 financial results during a live webcast at 4:30 p.m. EST on December 14, 2022. The results will be published after market close on the same day. CleanSpark, recognized as one of America's Best Small Companies by Forbes, has focused on creating a low-carbon energy infrastructure for Bitcoin mining while promoting financial independence. More information, including downloadable files and transcripts, will be available on their investor relations website.
CleanSpark Inc. (Nasdaq: CLSK) announced its recognition as the 13th fastest-growing technology company on Deloitte's 2022 Technology Fast 500™ List, reflecting substantial revenue growth from 2018 to 2021. The company has expanded its operations to four bitcoin mining campuses in Georgia, deploying over 54,000 mining machines and achieving a hashrate exceeding 5.1 EH/s, representing over 1.5% of the global hashrate. CleanSpark employs innovative cooling technology and was among the first to sell mined Bitcoin for operational funding, positioning itself as a leader in the sustainable Bitcoin mining sector.
Mawson Infrastructure Group reported strong Q3 2022 results with
CleanSpark Inc. (Nasdaq: CLSK) announced a record 532 bitcoin mined in October, marking a 19% increase from September. The company's total bitcoin mined for 2022 is now 3,622. CleanSpark also reported a 20% increase in hashrate for two consecutive months, and currently operates with about 54,000 miners and a hashrate of 5.1 EH/s. In October, 836 bitcoins were sold at an average of $19,340 each, resulting in proceeds of approximately $16.1 million. The company continues to emphasize its commitment to sustainable energy and infrastructure.
CleanSpark (NASDAQ: CLSK) has acquired 3,843 Antminer S19J Pro bitcoin mining machines for $5.9 million, raising its total machines purchased to over 26,500 since bear market conditions began in June. This acquisition reflects the company's strategy to capitalize on distressed market conditions. CleanSpark's CEO, Zach Bradford, highlighted their commitment to sustainability and a strong balance sheet, which positions them favorably for anticipated market improvements. The company aims to achieve a year-end guidance of 22.4 EH/s, enhancing its status as a leading bitcoin mining firm.
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