![]() ![]() ![]() 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. All statements other than statements of historical facts contained in this press release may be forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for the expansion of the bitcoin mining facilities in Washington, Georgia, the resulting anticipated benefits to CleanSpark (including as to anticipated additions to CleanSpark's hashrate and the timing thereof). For more information about CleanSpark, please visit our website at Forward-Looking Statements CleanSpark is a Forbes 2022 America's Best Small Company and holds the 44th spot on the Financial Times' List of the 500 Fastest Growing Companies in the Americas. We cultivate trust and transparency among our employees, the communities we operate in, and the people around the world who depend on Bitcoin. We strive to leave the planet better than we found it by sourcing and investing in low-carbon energy, like wind, solar, nuclear, and hydro. In 2020, we transitioned that expertise to develop sustainable infrastructure for Bitcoin, an essential tool for financial independence and inclusion. ![]() Since 2014, we've helped people achieve energy independence for their homes and businesses. CleanSpark mines with the most power-efficient generation of mining machines in the market and uses predominantly low-carbon energy sources, which account for over 90% of its energy mix.ĬleanSpark (Nasdaq: CLSK) is America's Bitcoin Miner™. Its latest acquisition was last month, when it acquired a turnkey bitcoin mining campus, that consists of two sites, in Dalton, Georgia, for $9.3 million in an all-cash deal. This expansion has already helped us get more than halfway to our year-end guidance of 16 EH/s."ĬleanSpark has followed an aggressive growth trajectory after the latest bear cycle began in 2022. "But it couldn't have been possible without local contractors and the Washington, GA, community, who have been supportive partners of our efforts to generate sustainable economic growth in the area. "The speed with which our team has successfully executed this expansion testifies to the technical expertise and experience that we have gained since we transitioned from an energy company to a bitcoin mining company," said Zach Bradford, CEO of CleanSpark. Including additional miners purchased and added to phase one, the total investment by the Company in the campus is over $100M and has already been fully funded. CleanSpark acquired the 36 MW campus along with existing infrastructure and machines for $25.1 million in August 2022, and has invested about $55 million on phase two – including construction, infrastructure, and machines – which is expected to increase the total power capacity to 86 MW. ![]() Phase two of the Washington campus has a power capacity of 50 megawatts (MW) or just over 15,000 mining machines, of which about 10,500 are already in operation. CleanSpark's total investment in Washington, Georgia, is over $100 million. ![]()
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