9/25/2023 0 Comments Cleanspark earnings dateWe have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. The forward-looking statements in this press release are only predictions. Forward-looking statements contained in this press release include, but are not limited to, statements regarding our future results of operations and financial position, industry and business trends, business strategy, expansion plans, market growth and our objectives for future operations. 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 of realizing the benefits of 9.0 EH/s of operating hashrate, achievement and timing of reaching our target guidance of 16 EH/s, the expansion and timing of such expansion of the bitcoin mining facilities in Sandersville, Georgia, and the resulting anticipated benefits to CleanSpark (including as to anticipated additions to CleanSpark's hashrate and the timing thereof). CleanSpark holds the 44th spot on the Financial Times' 2022 List of the 500 Fastest Growing Companies in the Americas and ranks thirteenth on Deloitte's Fast 500. For more information about CleanSpark, please visit our website at Forward-Looking Statements 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 responsible 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. July daily BTC mined averaged 18.6 and reached a high of 21.1.ĬleanSpark (NASDAQ: CLSK) is America's Bitcoin Miner™. Sales of BTC equated to proceeds of approximately $1.3 million. The Company sold 43 bitcoins in July 2023 at an average of approximately $29,300 per BTC. Full value of month-end hashrate expected to be realized in August's monthly update. *Operating hashrate for the month averaged approximately 7.6 EH/s due to several weeks of rapid growth. Total BTC holdings as of July 31: 1,061.I look forward to providing further insights on our past and future efforts on our earnings call next week." During this time of rapid growth we will also be turning our attention to filling any gaps and optimizing our fleet to further boost our hashrate and efficiency. We are now on a journey to nearly double our size to 16 EH/s in the next half of the year. They are our secret sauce-the reason our operations have scaled so successfully. This monumental effort demonstrates the experience and grit of our teams. "We entered the bitcoin mining industry just over two-and-a-half years ago and during that time we've increased our hashrate to 9 EH/s. This move further underscores our commitment to bitcoin and our critical role in building bitcoin infrastructure. "We increased our bitcoin holdings due to what we see as substantial momentum building across the bitcoin ecosystem. "In less than one month we brought 2.3 EH/s of capacity online and doubled our bitcoin holdings," said CleanSpark CEO Zach Bradford. Logo (PRNewsfoto/CleanSpark, Inc.) (PRNewswire)
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