SALT LAKE CITY, Jan. 20, 2021 /PRNewswire/ -- CleanSpark,
Inc. (Nasdaq: CLSK), ("CleanSpark, or the Company"), an advanced
software and controls technology solutions company focused on
solving modern energy challenges, today provided an update on the
number of Bitcoins mined by its wholly-owned subsidiary, ATL Data
Centers LLC. In the first 40 days since the acquisition of
the mining operation, the Company has generated just over 56
Bitcoins as of end of business, January 19,
2021.
Microgrid Technology Company Updates Bitcoin Mining Results
The Company had previously stated its plan to
strategically manage the percentage of the coins it holds or sells
according to market conditions and current Bitcoin prices. To date,
CleanSpark continues to hold approximately 31 of the 56 Bitcoins it
has mined. As the Company observes a 9/30 fiscal year end,
the mining revenue thus far in FY 2021 has exceeded $1.6 Million based on the daily price of Bitcoin
on the date they were mined.
The company expects its daily production numbers to continue to
increase over the coming weeks as we further expand mining
production capacity. CleanSpark intends to update its investors
with additional information as both the energy and data operation's
upgrades progress.
Zach Bradford, CleanSpark's
President and Chief Executive Officer stated, "We committed to our
investors that we would deliver regular updates on the status of
our Bitcoin mining activities as we proceed with our growth
strategy. After 40 days, we are pleased with the results generated
to date and look forward to providing additional updates on the
progress towards our stated objectives both in the energy space and
in Bitcoin mining. Our team is dedicated to working diligently to
maximize shareholder value and we will continue to update all
interested parties as we achieve future milestones."
CleanSpark's Executive Chairman Matthew
Schultz recently provided insights to investors about mining
and other relevant topics at the RenMark Virtual Conference.
A recording of the presentation can be viewed HERE.
Parties interested in learning more about CleanSpark products
and services are encouraged to inquire by contacting the Company
directly at info@cleanspark.com or visiting the Company's website
at www.cleanspark.com.
Investors are encouraged to contact the Company at
ir@cleanspark.com or visiting the Company's website at
https://ir.cleanspark.com/
About CleanSpark:
CleanSpark, Inc., a Nevada
corporation, is in the business of providing advanced software and
controls technology solutions to solve modern energy
challenges. We have a suite of software solutions that
provide end-to-end microgrid energy modeling, energy market
communications, and energy management solutions. Our
offerings consist of intelligent energy monitoring and controls,
intelligent microgrid design software, middleware communications
protocols for the energy industry, energy system engineering, and
software consulting services.
Through its wholly owned subsidiary ATL Data Centers LLC,
CleanSpark owns and operates a data center that provides customers
with traditional on-site and cloud-based data center services. The
Company also owns and operates a fleet of over 3,400 ASIC
(application-specific integrated circuit) Bitcoin miners producing
over 200 PH/s in mining capacity. Capacity is expected to increase
to over 300 PH/s in mining capacity in early 2021. CleanSpark plans
to apply its technologies with a goal of mining bitcoins at the
lowest energy prices in the United
States. For more information, visit https://ATL-DATA.com
Forward-Looking Statements:
CleanSpark cautions you that statements in this press release
that are not a description of historical facts are forward-looking
statements. These statements are based on CleanSpark's current
beliefs and expectations. The inclusion of forward-looking
statements should not be regarded as a representation by CleanSpark
that any of our plans will be achieved. Actual results may differ
from those set forth in this press release due to the risk and
uncertainties inherent in our business, including, without
limitation: the future value of Bitcoin, the successful deployment
of energy solutions on the data center, the fitness of our energy
software and solutions for this particular application or market,
the expectations of future revenue growth may not be realized,
ongoing demand for our software products and related services, the
impact of global pandemics (including COVID-19) on the demand for
our products and services; and other risks described in our prior
press releases and in our filings with the Securities and Exchange
Commission (SEC), including under the heading "Risk Factors" in our
Annual Report on Form 10-K and any subsequent filings with the SEC.
You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof,
and we undertake no obligation to revise or update this press
release to reflect events or circumstances after the date hereof.
All forward-looking statements are qualified in their entirety by
this cautionary statement, which is made under the safe harbor
provisions of the Private Securities Litigation Reform Act of
1995.
Contact - Investor Relations:
CleanSpark Inc.
Investor Relations
(801)-244-4405
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SOURCE CleanSpark, Inc.