We strive to leave the planet better than we found it by sourcing and investing in low-carbon energy, like wind, solar, nuclear, and hydro. In 2020, we transitioned that expertise to develop sustainable infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Since 2014, we’ve helped people achieve energy independence for their homes and businesses. Its year-end guidance in 2022, tripling its hashrate during that period and achieving one of the highestĪmong its peers during the crypto bear market.ĬleanSpark (Nasdaq: CLSK) is America’s Bitcoin Miner™. This strategy, coupled with the Company’s proprietary mining model, allowed CleanSpark to “Importantly, this acquisition is fully paid for from our existing cash reserves and we expect it to almost immediately start driving revenue to our bottom line.”ĬleanSpark mines bitcoin with predominantly low-carbon energy sources, whichįor over 90% of its energy mix, and continues to follow a balanced capital management strategy by selling a portion of its mined bitcoins to reinvest in growth. “We continue to make use of opportunities created by current market conditions to prepare for next year’s bitcoin halving,” said Gary A. The Company also purchasedīrand-new Antminer S19j Pro+ units in February, all of which have been fully paid for, andīrand-new Antminer S19 XP units in April. Earlier this month, CleanSpark purchasedīrand-new Antminer S19 XP machines at a discounted price. Made by the Company since the crypto bear market began. This is the latest in a series of machine purchases and other Importantly, our efforts are generating economic growth for the suburban and rural areas where our operations are located.” “These two additional sites are testament to our deepening ties with rural communities in Georgia and the regional expertise we are developing there as a large, flexible load. It also continues to position us as one of the most power-efficient miners on an energy-per-hashrate basis,” said Zach Bradford, CEO of CleanSpark. “This acquisition ensures that we have more than enough infrastructure to reach our year-end target of 16 EH/s. The two facilities will host a total of over 6,000 Antminer S19 XPs and S19J Pro+s, the latest and the most power-efficient generation of bitcoin mining machines, from orders placed and fully paid for by CleanSpark earlier this year. The facilities are expected to add just under 1 exahash per second (EH/s) to CleanSpark’s hashrate shortly after the deal is scheduled to close later this week. (Nasdaq: CLSK), America’s Bitcoin Miner™, today announced it has entered into definitive agreements to acquire two turnkey bitcoin mining campuses located in Dalton, Georgia, for a cash payment of $9.3 million. LAS VEGAS, J(GLOBE NEWSWIRE) - CleanSpark Inc.
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