Mines 622 bitcoin and achieves
daily production high of over 21 bitcoin
Increases hashrate and efficiency month over
month by over 7% and 6% respectively
LAS
VEGAS, Dec. 3, 2024 /PRNewswire/ -- CleanSpark
Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the
"Company"), today released its unaudited bitcoin
mining and operations update for the month ending November 30, 2024.
"Our teams have been relentlessly executing, making progress
towards our year-end hashrate goal of 37 EH/s while improving our
efficiency," said CleanSpark CEO Zach
Bradford. "Two turnkey bitcoin mining sites
near Clinton, MS, have been
completed and are expected to be fully operational providing an
added 1 EH/s by the end of this week. We then expect expansion
projects in Tennessee to go live
by mid-month, that paired with our ongoing upgrades will bring us
over our year-end target of 37 EH/s. We have our eyes on 2025, and
our plan is to continue growing beyond 50 EH/s in the coming
quarters."
November Bitcoin Mining Update
(unaudited)
- Bitcoin mined in November: 622
- CY2024 bitcoin mined: 6,356
- Total bitcoin holdings as of November 30: 9,2971
- Total bitcoin sold in November: 26.11
- Deployed fleet: 195,059
- Month end fleet efficiency: 19.05 J/Th
- Month-end operating hashrate: 33.7 EH/s
Throughout November 2024, the
Company's average hashrate was 32.32 EH/s and average fleet
efficiency was 19.59 J/Th, resulting in an average of 20.72
bitcoin mined daily. The single day high reached 21.65
bitcoin. The Company sold 26.11 bitcoin
during November 2024 at an average
price of approximately $84,356 per
bitcoin.
1 As of November 30,
2024, CleanSpark's bitcoin holdings were 9,297
in total (803 bitcoin of this amount was posted as
collateral).
Additional Updates
Clinton, Mississippi. Two
bitcoin mining sites near Clinton were delivered to CleanSpark turnkey
ready and are energized as of December 2,
2024. Once completed installation this week, the sites will
house S21 pro miners with an expected combined operating hashrate
of approximately 1 EH/s.
Cheyenne, Wyoming: The
construction of two immersion-cooled bitcoin mining
data centers totaling 75 MW is underway. The connection of
high-line voltage from the substation is complete for both sites.
Immersion cooling equipment is being delivered and will continue
this month. Each site will house the latest generation S21
immersion XPs, adding an estimated 5 EH/s in total to CleanSpark's
hashrate once installed and energized.
About CleanSpark
CleanSpark (Nasdaq: CLSK),
America's Bitcoin Miner®, is a market-leading, pure
play Bitcoin miner with a proven track record of
success. We own and operate a portfolio of mining facilities across
the United States powered by
globally competitive energy prices. Sitting at the intersection of
Bitcoin, energy, operational excellence and capital
stewardship, we optimize our mining facilities to deliver superior
returns to our shareholders. Monetizing low-cost, high reliability
energy by securing the most important finite, global asset –
Bitcoin – positions us to prosper in an ever-changing
world. 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: the build-out and energization of the Clinton, Mississippi sites; power
availability, mining activities, and target goals in Tennessee; the timing of and completion of
construction and energization of the Wyoming data centers; 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.