Operations have already commenced at the three
facilities, with an expected hashrate of 2.4 EH/s once fully loaded
with S21s
LAS
VEGAS, Feb. 27, 2024 /PRNewswire/ -- CleanSpark,
Inc., America's Bitcoin Miner, today announced it has
completed the acquisition of three bitcoin mining data
centers in Mississippi, effective
February 26. Initial operations have
already begun, boosting the Company's operating hashrate to over 15
exahashes per second (EH/s).
"We are thrilled to start operating in Mississippi with our latest expansion. The
teams have already racked miners, sending our fleetwide hashrate to
over 15 EH/s, and we are hard at work as we sprint to add more
hashrate as quickly as possible," said Zach
Bradford, CEO. "Expanding into a new state is an important
milestone for our company and we are looking forward to partnering
with the communities we are joining. By maximizing the grid
services capabilities of bitcoin miners, we aim to
create jobs and foster economic growth that benefits both our new
neighbors and our shareholders. Our investment in Mississippi is one more step in the direction
of the shared prosperity that Bitcoin promises."
CleanSpark has a strong tradition of supporting and benefiting
the neighborhoods it operates in. In nearby Georgia, it has invested over $700 million into energy infrastructure, miners,
buildings, and job creation, while contributing tens of millions of
dollars to communities in the form of taxes and local margins on
energy bills. CleanSpark expects to bring the same level of care
and attention to Mississippi that
it is known for in Georgia.
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: job
creation, boosting economic growth in Mississippi or for the Company, the promise of
shared prosperity, 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
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SOURCE CleanSpark, Inc.