The forward-looking statements in this press release are only predictions. Forward-looking statements contained in this press release, but are not limited to statements regarding our future results of operations and financial position, industry and business trends, business strategy, expansion plans, market growth and our objectives for future operations. 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. All statements other than statements of historical facts contained in this press release may be forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for expansion of the Company’s Washington, Georgia bitcoin mining facility, the resulting anticipated benefits to CleanSpark (including as to anticipated additions to CleanSpark’s hashrate and the timing thereof) and plans to expand the facility.
For more information about CleanSpark, please visit our website at Forward-Looking Statements CleanSpark is a Forbes 2022 America’s Best Small Company and holds the 44th spot on the Financial Times’ List of the 500 Fastest Growing Companies in the Americas.
We cultivate trust and transparency among our employees, the communities we operate in, and the people around the world who depend on Bitcoin. 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 began applying 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. February daily BTC mined averaged about 20.6 and reached a high of 21.5.ĬleanSpark (NASDAQ: CLSK) is America’s Bitcoin Miner™. Sales of BTC equated to proceeds of approximately $17.9 million.
The Company funded growth and operations through the sale of 778 bitcoins in February 2023 at an average of approximately $23K per BTC (compared to $19K in January 2023). Currently deployed fleet of about 66,900 latest-generation bitcoin miners with a hashrate of 6.6 EH/s.Total BTC converted for operations and growth in February: 778.Total BTC holdings as of February 28: 100.
CLEANSPARK SHORT REPORT UPDATE
It’s how we have managed to grow fast and reliably in the few short years since we entered this industry-and how we’ll continue to grow well into our future.”įebruary Bitcoin Mining Update (unaudited) Our ability to constantly iterate-whether we are building air-cooled facilities or deploying latest-gen immersion cooling-is built into the CleanSpark way. We are relying on everything we have learned in this space, since constructing our very first mining campus in College Park, as we build the Washington expansion. “Meanwhile, construction continues in Washington, where an additional 50 megawatts are set to go online in a few months.
CLEANSPARK SHORT REPORT SOFTWARE
Months like February are practice-runs for halving-and we intend to continue to test and deploy all hardware and software at our disposal in our bid to be the best prepared miner when halving happens next year. That progress, coupled with average wholesale power rates as low as two cents per kilowatt hour, has allowed us to increase our profit margins even as production compressed month-over-month due to February being the shortest month of the year. “For example, this month we improved our efficiency by over three percent compared to December 2022, when we last reported these numbers in our quarterly report. “Our background in energy efficiency gives us a clear advantage in the market as we make incremental improvements to our mining fleet,” said Zach Bradford, CEO. (Nasdaq: CLSK), America’s Bitcoin Miner™, today released its unaudited bitcoin mining and operations update for the month ending February 28, 2023. LAS VEGAS, Ma(GLOBE NEWSWIRE) - CleanSpark, Inc.
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