CleanSpark Announces Monthly Bitcoin Mining Data Updates to Increase Industry Transparency, Shares First Report
November 04 2021 - 9:00AM
CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a
sustainable bitcoin mining and energy technology company, today
released its unaudited bitcoin production and operations update for
the calendar year-to-date ending October 31, 2021. Additionally,
the Company announced that it will release such data every month to
set new standards of transparency in the bitcoin mining industry.
Bitcoin Production & Operations Update (unaudited)
- October monthly production: 216
- Calendar year-to-date production ending October 31: 1,083
- Total BTC holdings as of October 31: 729
- Total BTC converted for operational growth in CY2021: 370
- Deployed fleet of approximately 11,780 latest-generation
bitcoin miners with a total hashrate of 1.2 EH/s
“These updates are part of our commitment to lead the industry’s
transparency efforts,” said CleanSpark CEO, Zach Bradford. “We will
continue to include key metrics in these updates as we scale our
bitcoin mining operations at different locations.”
Moving forward, the Company intends to publish monthly updates
on key metrics on its website and Twitter account.
The bitcoin mining industry has been criticized for the lack of
transparency by miners. CleanSpark is hoping to change how the
space is perceived by being open about its operations.
CleanSpark operates and owns two facilities in the Atlanta,
Georgia metro area. In addition to its owned facilities, it has a
co-location agreement with Coinmint in Massena, NY.
CleanSpark’s sustainability efforts account for variation in
local energy mixes by purchasing carbon offsets, and, once
facilities are at scale, by deploying distributed energy systems
onsite. Energy mixes are highly variable, so CleanSpark
participates in voluntary programs, like Georgia’s Simple Solar, as
part of its commitment to sustainability.
About CleanSpark
CleanSpark, Inc., a Nevada corporation, is a clean bitcoin
mining and energy technology company that is solving modern energy
challenges. For more information about the Company, please visit
the Company's website at
https://www.cleanspark.com/investor-relations.
Forward-Looking Statements
This release contains forward-looking statements as defined in
the Private Securities Litigation Reform Act of 1995, including
statements regarding the Company's plans and expectations for
expansion of its energy initiatives, operating results, business
strategy, partnership with Coinmint, deployment of miners, digital
currency mining activities, the growth of its facilities and other
statements regarding the expectations, beliefs, plans, intentions
and strategies of the Company. The Company has tried to identify
these forward-looking statements by using words such as "expect,"
"target," "anticipate," "believe," "could," "should," "estimate,"
"intend," "may," "will," "plan," "goal" and similar terms and
phrases, but such words, terms and phrases are not the exclusive
means of identifying such statements. Actual results, performance
and achievements could differ materially from those expressed in,
or implied by, these forward-looking statements due to a variety of
risks, uncertainties and other factors, including, without
limitation: the successful deployment of energy solutions for
residential and commercial applications; the fitness of the
Company's energy hardware, software and other solutions for this
particular application or market; the success of its digital
currency mining activities; the expectations of future revenue
growth may not be realized; ongoing demand for the Company's
software products and related services; the impact of global
pandemics (including COVID-19) on logistics and shipping and the
demand for our products and services; 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
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 (including any forward-looking
statements contained herein) to reflect events or circumstances
after the date hereof.
Investor Relations Contact: Matt
Schultzir@cleanspark.com
Media Contacts: Isaac Holyoak
pr@cleanspark.com
BlocksBridge ConsultingNishant
Sharmacleanspark@blocksbridge.com
Isaac Holyoak
CleanSpark, Inc.
pr@cleanspark.com
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