Recent expansions totaling 65 MW of capacity
increase Company hashrate by 3.2 EH/s
LAS
VEGAS, Sept. 12, 2024 /PRNewswire/ -- CleanSpark
Inc. (Nasdaq: CLSK),
America's Bitcoin Miner® (the "Company")
today announced it has energized the 50 MW final phase of its 150
MW expansion in Sandersville,
GA.
"This past week has been monumental for CleanSpark, marked by
the full energization of our expansions in Sandersville and Dalton, along with the acquisition of seven
facilities in Tennessee. These
efforts have allowed us to rapidly expand our hashrate, which we
now expect to reach 37 EH/s before the end of 2024," said
Zach Bradford, CEO. "I'm incredibly
grateful to the local community. Our partnership with Sandersville is a prime example of how
Bitcoin miners and communities can thrive
together."
About CleanSpark
CleanSpark (Nasdaq: CLSK) is
America's Bitcoin Miner®. We own and operate
multiple 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: closing on the acquisition of the seven facilities in
Tennessee; anticipated additions
and targets 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.