100 MW of interruptible load now online,
bringing increased grid services capabilities to Georgia
CleanSpark's operating hashrate has increased
40% since energization began early last week
LAS
VEGAS, Feb. 15, 2024 /PRNewswire/ -- CleanSpark
Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today
announced it has finished energizing the first 100 MW of its
expansion in Sandersville,
Georgia, increasing its fleetwide operating hashrate to over
14 exahashes per second (EH/s).
"I believe we have likely set an industry record for speed of
machine deployment, thanks to the extraordinary grit and resolve
exhibited by our teams and partners in Sandersville," said Zach Bradford, CEO. "The excitement around this
expansion has been palpable. Not only are we bringing economic
development to the community, but we also provide an important grid
service because our load is interruptible and can be returned to
the community at a moment's notice as we work in partnership with
the utilities and power providers to help continue Georgia's legacy of abundant and resilient
energy."
Bradford continued, "I'm also pleased to report that our teams
have already been deployed to Mississippi to begin transitioning these sites
into the CleanSpark portfolio. We look forward to sharing
additional details about our most recent acquisitions in the coming
weeks."
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 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
Company realizing the hash rate and efficiency discussed in this
press release; 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
702-989-7692
pr@cleanspark.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/cleanspark-exceeds-14-ehs-as-sandersville-expansion-comes-online-302062730.html
SOURCE CleanSpark, Inc.