Announces expansion of Dalton, GA; site is expected to operate at 1.6
EH/s once complete
LAS
VEGAS, Feb. 2, 2024 /PRNewswire/ -- CleanSpark
Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today
released its unaudited bitcoin mining and operations
update for the month ending January 31,
2024.
"I'm excited to announce that we expect energization to begin at
our Sandersville expansion next
week, with approximately 4.6 EH/s of machines fully hashing by
mid-month," said Zach Bradford, CEO.
"I'm also pleased to announce that permitting is underway to double
the hashrate at our Dalton campus
to 1.6 EH/s. We have a unique relationship with the City of Dalton, which owns and operates its
own utility, whereby we are compensated to operate as the city's
only interruptible load during times of emergency power needs. We
view this as a best-in-class partnership and as an example of some
of the creative ways that bitcoin miners are working
with utilities to improve grid performance, even in regulated
markets like Georgia."
January Bitcoin Mining Update
(unaudited)
- Bitcoin mined in January: 577
- CY2024 bitcoin mined: 577
- Total bitcoin holdings as of January 31: 3,573
- Total bitcoin sold in January: 6.4
- Deployed fleet: 89,237
- Month-end fleet efficiency: 26.4 J/Th
- Current hashrate: 10.09 EH/s
The Company sold 6.4 bitcoin in January 2024 at an average of approximately
$44,800 per
bitcoin. Sales of bitcoin equated to
proceeds of approximately $286,000.
January daily bitcoin mined averaged 18.6 and reached
a high of 21.9.
Operational update
Sandersville
expansion. Crews are racking machines in preparation for a
February 6 energization date. The
first 100 MW are expected to be fully live by mid-February,
delivering an expected hashrate of 4.6 EH/s. The remaining 50MW of
the expansion is undergoing equipment testing by the manufacturer.
For updates on our progress in Sandersville, check out the Company's official
YouTube account here.
Dalton expansion.
Permitting is underway for the expansion of the Company's
Dalton campus. The 15MW expansion
is expected to double the operating hashrate there to 1.6 EH/s.
About CleanSpark
CleanSpark (Nasdaq: CLSK) is America's Bitcoin
Miner™. We own and operate data centers that primarily run on
low-carbon power. Our infrastructure responsibly supports
Bitcoin, the world's most important digital commodity
and an essential tool for financial independence and inclusion. We
cultivate trust and transparency among our employees and the
communities we operate in. 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
expansion and timing of such expansion of the Bitcoin
mining facilities in Sandersville,
Georgia, and Dalton,
Georgia, and the resulting anticipated benefits to
CleanSpark (including anticipated additions 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.