Mined 478 bitcoin and increased
total operating hashrate by 1.4 EH/s during August
65 MW of data center capacity expected to come
online in September
LAS
VEGAS, Sept. 3, 2024 /PRNewswire/ -- CleanSpark
Inc. (Nasdaq: CLSK), America's Bitcoin Miner®, today
released its unaudited bitcoin mining and operations
update for the month ending August 31,
2024.
"As we approach the end of our fiscal year, the
team continues to work diligently to optimize fleet efficiency and
increase hashrate. Our fleet upgrade is well underway as we
simultaneously prepare for 65 MW of capacity to be energized during
the month of September. These efforts are expected to result in a
meaningful increase in operating hashrate and bitcoin
production as we close out our fiscal year," said Zach Bradford, CEO.
August Bitcoin Mining Update
(unaudited)
- Bitcoin mined in August: 478
- CY2024 bitcoin mined: 4,586
- Total bitcoin holdings as of August 31: 7,558
- Total bitcoin sold in August: 2.50
- Deployed fleet: 163,648
- Fleet efficiency: 22.70 J/Th
- Month-end operating hashrate: 22.6 EH/s
The Company sold 2.5 bitcoin in
August 2024 at an average price of
approximately $56,729 per
bitcoin. The average hashrate throughout the month of
August was 21.3 EH/s resulting in an average of 15.43
bitcoin mined daily and a single day high of
17.88.
Growth Update
Dalton
Expansion: 15 MW of additional data center capacity is expected
to be energized and fully hashing by next week.
Sandersville Expansion: 50 MW of
additional data center capacity is expected to be energized and
fully hashing by mid-month.
Wyoming:
The initial 30 MW immersion-cooled facility is progressing as
planned. The Company is also overseeing the preparation of the
second site and expects to complete the closing of the land
purchase upon completion of remaining closing conditions. Power
agreements for the sites totaling 75 MW of power were executed in
July.
Tennessee: The Company is currently
utilizing approximately 50 MW of infrastructure under a hosting
agreement, which will be owned upon completion of the acquisition
of GRIID Infrastructure Inc. 80 MW of additional data center
capacity is also under construction by GRIID, which will also be
owned upon completion of the sites and the closing of the
acquisition.
About CleanSpark
CleanSpark
(Nasdaq: CLSK) is America's Bitcoin Miner®. We own and
operate multiple data centers that primarily run on low-carbon
power. Our infrastructure responsibly supports
Bitcoin, the world's most important digital commodity
and an essential tool for financial independence and inclusion. We
cultivate trust and transparency among our employees and the
communities we operate in. Visit our website at
www.cleanspark.com.
Forward-Looking Statements
This press
release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. In this press
release, forward-looking statements include, but may not be limited
to, statements regarding the Company's expectations, beliefs,
plans, intentions, and strategies. In some cases, you can identify
forward-looking statements by terms such as "may," "will,"
"should," "expects," "plans," "anticipates," "could," "intends,"
"targets," "projects," "contemplates," "believes," "estimates,"
"forecasts," "predicts," "potential" or "continue" or the negative
of these terms or other similar expressions. The forward-looking
statements are subject to a variety of known and unknown risks,
uncertainties and other important factors that may cause our actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements, including, but not
limited to: future opportunities in Tennessee and Wyoming; the timing and completion of the
acquisition of Griid Infrastructure; the timing and completion of
the Wyoming property acquisition;
the timing and operational results of the Dalton expansion;
anticipated additions and targets to CleanSpark's hashrate and the
timing thereof; the risk that the electrical power available to our
facilities does not increase as expected; the success of its
digital currency mining activities; the volatile and unpredictable
cycles in the emerging and evolving industries in which we operate;
increasing difficulty rates for bitcoin mining;
bitcoin halving; new or additional governmental
regulation; the anticipated delivery dates of new miners; the
ability to successfully deploy new miners; the dependency on
utility rate structures and government incentive programs;
dependency on third-party power providers for expansion efforts;
the expectations of future revenue growth may not be realized; and
other risks described in the Company's prior press releases and in
its filings with the Securities and Exchange Commission (SEC),
including under the heading "Risk Factors" in the Company's Annual
Report on Form 10-K for the fiscal year ended September 30, 2023, and any subsequent filings
with the SEC. Forward-looking statements contained herein are made
only as to the date of this press release, and we assume no
obligation to update or revise any forward-looking statements as a
result of any new information, changed circumstances or future
events or otherwise, except as required by applicable law.
Investor Relations Contact
Brittany Moore
702-989-7693
ir@cleanspark.com
Media Contact
Eleni Stylianou
702-989-7694
pr@cleanspark.com
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SOURCE CleanSpark, Inc.