Company exceeds 17 EH/s; mines 721
bitcoin with a record daily high of over 48
bitcoin
LAS
VEGAS, May 2, 2024 /PRNewswire/ -- CleanSpark
Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today
released its unaudited bitcoin mining and operations
update for the month ending April 30,
2024.
"We continue to see monthly gains in our efficiency metrics as
we deploy the advanced S21 machines across our expanding
facilities," said Zach Bradford, CEO
of CleanSpark. "These improvements are pivotal in amplifying our
mining output and optimizing operational costs. The remarkable
increase in transaction fees immediately following the halving has
significantly bolstered our bitcoin production this
month, resulting in a robust increase to our bitcoin
treasury. We have spent the last several years planning for this
moment, and our technological advantages have positioned us to
excel under the new market constraints faced by all miners.
"With our industry-leading scale, and low mining costs, we are
well positioned to excel in this new post-halving environment. We
are already observing signs of less efficient miners beginning to
cease operations. This shift is expected to contribute to a decline
in the global hashrate, aligning with our predictions of a
temporary yet beneficial correction in
bitcoin's spot price over the coming weeks.
"We look forward to sharing additional details about our
expansion strategy at our upcoming earnings call on Thursday, May 9, at 1:30
p.m. PT / 4:30 p.m. ET."
April Bitcoin Mining Update (unaudited)
- Bitcoin mined in April: 721
- CY2024 bitcoin mined: 2,752
- Total bitcoin holdings as of April 30: 5,739
- Total bitcoin sold in April: 2.88
- Deployed fleet: 136,496
- Month-end fleet efficiency: 24.22 J/TH
- Current hashrate: 17.3 EH/s
The Company sold 2.88 bitcoin in April 2024 at an average price of approximately
$64,000 per bitcoin.
April daily bitcoin mined averaged 24 and reached a
high of 48.3.
Operational Update
Dalton
expansion.
Grading is in progress for the company's
expansion of its Dalton, GA,
campus. Once complete, the expansion, which the Company refers to
as Dalton 4, will run a fleet of
S21s in a 15MW facility for a hashrate of approximately 0.8
exahashes per second (EH/s). After the expansion is complete,
CleanSpark's Dalton campus, which
consists of four independent data centers, is expected to operate
at 2.4 EH/s.
Upcoming Events
19th Annual Needham Technology, Media, & Consumer
Conference, May 14 to 16,
2024,
New York, NY. CleanSpark Executive
Chairman Matthew Schultz and CFO
Gary A. Vecchiarelli will attend.
The conference is open to clients of Needham & Company by
invitation only. For more information, please call (212) 371-8300
or visit www.needhamco.com.
Fiscal Second Quarter 2024 Financial Results,
May 9, 2024, via a live webcast
beginning at 1:30 p.m. PT /
4:30 p.m. ET.
About CleanSpark
CleanSpark (Nasdaq: CLSK) is America's Bitcoin
Miner™. We own and operate 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:
anticipated additions 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
View original content to download
multimedia:https://www.prnewswire.com/news-releases/cleanspark-releases-april-2024-bitcoin-mining-update-302134321.html
SOURCE CleanSpark, Inc.