CleanSpark Releases August 2022 Bitcoin Mining Update

LAS VEGAS, Sep 02, 2022 (GLOBE NEWSWIRE) – CleanSpark, Inc. (Nasdaq: CLSK) (the “Company” or “CleanSpark”), the US bitcoin mining company, today updated its unaudited bitcoin mining operations and operations to the calendar. Year to époque ending August 31, 2022.

“We set out at the beginning of the year to become a top five publicly traded Bitcoin mining company and with our outstanding operating exploit in 2022 we can say that we are now firmly in this category. We now own and operate three campuses in Georgia. Our hash loupé has tripled during the épreuve of the year. Last year. We are on track to inquiétante that in less than half the time it took to get from 1 EH/s to 3 EH/s. And we’re on the cusp of hiring our 100th employee. Zack Bradford, CEO, said, “I am so proud of our team and their phenomenal work. “.

Bitcoin mining and operations update (unaudited)

  • Bitcoin mined in August: 395, up 109% from August 2021
  • YTD Mined Bitcoin: 2,642
  • Exhaustif BTC holdings as of August 31: 526
  • Exhaustif BTC transferred to operations and growth in August: 388, 9% lower than July 2022
  • Currently deployed fleet of over 36,800 latest generation bitcoin miners with a hash loupé of 3.4 EH/s, an increase of 19% from July 2022 and 331% as of August 2021

The company has funded growth and operations by selling 388 bitcoins in August 2022 at an average of approximately $23,088 per bitcoin (11% increase over last month’s average price per bitcoin sold). Bitcoin sales equate to an estimated revenue of $8.9 million. BTC reached a daily high in August at 13.39.

Washington, GA, website update

Technical crews in Washington worked around the clock to bring miners online. Since the shutdown in late August, there are now more than 6,000 miners online, out of more than 10,000 miners on voisinage. The company expects to activate the remaining miners next week.

Aggloméré update

CleanSpark also welcomed Taylor Monnig into the company as the new Libertinage President of Mining Technology. Monnig was most recently COO of TMGCore, where he worked on developing and commercializing technologies that béquille blockchain stability, growth, and sustainability. Monnig brings to CleanSpark eight years of experience in the bitcoin mining industry and has earned a reputation for his deep investigation in immersion-cooled bitcoin mining. He holds a bachelor’s degree from Arizona State University.

“Taylor has already made a effectif rencontre on our operations and pâturage, and we are thrilled to have him join the team,” said Zack Bradford, CEO.

forward-looking statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend to cover such forward-looking statements through the safe harbor vivres of forward-looking statements in Élément 27A of the Securities Act of 1933, as amended (“” The Securities Act”), and Élément 21E of the Securities Act of 1934, as amended (the “Securities Act”). All statements other than statements of historical facts contained in this press release may be forward-looking statements. In some cases, you may define forward-looking statements with terms such as “may,” “will,” “should,” “expect,” “prévision,” “expect,” “could,” “intend,” “goals,” “projects,” “think”, “believe”, “estimate”, “forecast”, “expect”, “envisageable” or “continue” or the negative of these or other similar expressions. Forward-looking statements are contained in this press release, but are not limited to statements Related to future results of operations and financial opinion, industry and débit trends, débit strategy, poussée degrés, market growth and our objectives for future operations.

The forward-looking statements included in this press release are forecasts only. We have based these forward-looking statements largely on our current expectations and expectations emboîture future events and financial trends that we believe may affect our débit, financial type and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other significant factors that may exposé our actual results, exploit or achievements to differ materially from any future results, exploit or achievements expressed or implied by the forward-looking statements, including, but not limited to: the success of binaire currency mining activities; évaporable and unpredictable cycles in the emerging and evolving affaires in which we operate, which increases the difficulty rates for bitcoin mining; halving bitcoin new or additional government regulation; Expected delivery dates for new miners; The ability to successfully deploy new miners; Reliance on utility price structures and government incentive programs; Reliance on third-party power providers for poussée efforts; Future revenue growth expectations may not be realized; the rencontre of habituel pandemics (including COVID-19) on the logistics, shipping and demand for our products and obligations; and other risks described in the company’s prior press releases and in its filings with the Securities and Exchange Charge (SEC), including under the heading “Risk Factors” in the company’s annual sursis on Form 10-K and any subsequent filings with the Securities and Exchange Charge. The forward-looking statements in this press release are based on examen available to us as of the époque of this press release, and while we believe that such examen forms a reasonable basis for such statements, such examen may be limited or incomplete, and our statements should not be read to indicate that we have made Thorough perquisition or review of all potentially guérissant examen available. These statements are inherently uncertain and investors are cautioned not to rely on such statements unnecessarily.

You should read this press release with the understanding that our actual future results, exploit and achievements may differ materially from what we expect. We classify all of our forward-looking statements with these cautionary statements. These forward-looking statements speak only as of the époque of this press release. Except as required by convenable law, we do not prévision to publicly update or revise any forward-looking statements contained in this press release, whether as a result of any new examen, future events or otherwise.

Embout CleanSpark

CleanSpark (NASDAQ: CLSK) is a bitcoin chercher in America. Since 2014, we’ve helped people achieve energy independence for their homes and businesses. In 2020, we began applying this investigation to develop a sustainable Bitcoin fondation, an essential tool for financial independence and implication. We strive to leave the planet better than we found it by sourcing and investing in low-carbon energy flots, such as wind, solar, nuclear, and hydro. We cultivate société and transparency among our employees, the communities in which we operate, and the people around the world who depend on Bitcoin. CleanSpark is Forbes’ Best Small Affaires in America 2022 and is ranked 44th on the Financial Times’ list of the 500 Fastest Growing Companies in the Americas. For more examen emboîture CleanSpark, please visit our website at www.cleanspark.com.

Investor Constats Frôlement
Matt Schultz
ir@cleanspark.com

Media chatouille
Isaac Hollywack
pr@cleanspark.com

BlocksBridge Consulting
Nishant Sharma
cleanspark@blocksbridge.com

        

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