SALT LAKE CITY, March 9, 2021 /PRNewswire/ -- CleanSpark, Inc.
(Nasdaq: CLSK) (the "Company" or "CleanSpark"), a diversified
technology company today announced an additional purchase of 1,150
new miners capable of producing 100 PH/s, scheduled for delivery in
Microgrid Leader Secures Additional Miners to Keep Pace with Energy
The Company has now secured a total of 3,650 miners or 318 PH/s
of additional Bitcoin mining hash rate capacity over the past two
weeks for delivery and deployment in June and July 2021.
Those orders, along with the Company's current mining fleet, are
expected to bring the Company's total hash rate up to an estimated
633 PH/s. The order and delivery dates for miners are on schedule
with the Company's previously stated goals for expansion, targeted
to reach 1-1.3 PH/s this summer.
Zach Bradford, CleanSpark's Chief
Executive Officer stated, "We are excited about our growing
production capacity as we push towards our goal of reaching 1.3
EH/s by the end of summer 2021. We are also eager to add renewable
energy resources to our existing mining facilities later this year.
In addition to increasing on the hash rate at our Atlanta facilities we are analyzing
opportunities to further expand to additional locations that would
be supported by clean energy."
CleanSpark's goal is to operate the lowest-energy-cost Bitcoin
mining facilities at scale in the nation. The Company will
work to accomplish this not only by securing advantageous power
purchase agreements, but also by leveraging its patented microgrid
CleanSpark, Inc., a Nevada
corporation, is in the business of providing advanced software,
controls and technology solutions to solve modern energy
challenges. CleanSpark has a suite of software solutions that
provides end-to-end microgrid energy modeling, energy market
communications, and energy management solutions. CleanSpark's
offerings consist of intelligent energy monitoring and controls,
intelligent microgrid design software, middleware communications
protocols for the energy industry, energy system engineering,
custom hardware solutions, microgrid installation and
implementation services, traditional data center services and
software consulting services.
The Company and its subsidiaries also own and operate a fleet of
Bitcoin miners at its facilities outside of Atlanta, Georgia, currently capable of
producing an estimated 315 PH/s in hash rate capacity.
For more information about the Company, please visit the
Company's website at https://ir.cleanspark.com/.
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 bitcoin mining operations (including as to
increases in hash rates and utilization of low-cost energy sources)
and other statement 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: delays in equipment delivery, the
value of Bitcoin, the successful deployment of energy solutions for
bitcoin applications, the fitness of the Company's energy hardware,
software and other solutions for this particular application or
market, 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 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.
Contact - Investor Relations:
View original content to download
SOURCE CleanSpark, Inc.