CleanSpark Announces February 2022 Bitcoin Production
March 03 2022 - 09:00AM
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 February 28, 2022.
Bitcoin Production & Operations Update
(unaudited)
- February monthly production: 276
- Calendar year-to-date production ending February 28:
581
- Total BTC holdings as of February 28: 494
- Total BTC converted for operations and growth in February:
253
- Currently deployed fleet of over 22,000 latest-generation
bitcoin miners with a total hashrate of 2.2 EH/s
The Company fully funded growth and operations through the sale
of 253 bitcoins in February 2022 at an average of approximately
$39,740 per BTC. Sales of BTC equated to proceeds of approximately
$10.1 million, most of which was used for growth capital
expenditures at the company’s Norcross facility. February
daily BTC production reached a high of 10.15.
About
CleanSpark CleanSpark, Inc., a
Nevada corporation, is a sustainable 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 press release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. 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”). All statements other than statements of
historical facts contained in this press release may be
forward-looking statements. 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. 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, equity compensation,
business strategy, plans, market growth and our objectives for
future operations.
The forward-looking statements in this press release are only
predictions. We have based these forward-looking statements largely
on our current expectations and projections about future events and
financial trends that we believe may affect our business, financial
condition and results of operations. Forward-looking statements
involve 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
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; the successful
deployment of energy solutions for residential and commercial
applications; 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. The forward-looking statements in this press release
are based upon information available to us as of the date of this
press release, and while we believe such information forms a
reasonable basis for such statements, such information may be
limited or incomplete, and our statements should not be read to
indicate that we have conducted an exhaustive inquiry into, or
review of, all potentially available relevant information. These
statements are inherently uncertain and investors are cautioned not
to unduly rely upon these statements.
You should read this press release with the understanding that
our actual future results, performance and achievements may be
materially different from what we expect. We qualify all of our
forward-looking statements by these cautionary statements. These
forward-looking statements speak only as of the date of this press
release. Except as required by applicable law, we do not plan to
publicly update or revise any forward-looking statements contained
in this press release, whether as a result of any new information,
future events or otherwise.
Investor Relations
Contact Matt
Schultz ir@cleanspark.com
Media Contacts Isaac
Holyoak
pr@cleanspark.com702-989-7694
BlocksBridge Consulting Nishant
Sharma cleanspark@blocksbridge.com
Isaac Holyoak
CleanSpark, Inc.
702-989-7694
pr@cleanspark.com
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