LAS VEGAS, Nov. 11, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today announced that trading of the Company's common stock on Nasdaq has resumed at 10:15am EST on November 11, 2024. The previously imposed trading halt by Nasdaq was due to a clerical error relating solely to the outstanding warrants.
About CleanSparkCleanSpark (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.
No Change to Company's Business, Operations or Financial Statements
LAS VEGAS, Nov. 8, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today addressed the trading halt imposed by Nasdaq following an issue relating to the calculation of the number of outstanding warrants (Nasdaq: CLSKW) (the "Warrants") and the number of shares underlying those Warrants. The trading halt is not the result of any issue associated with CleanSpark's business, operations, filings with the SEC, financial statements or securities.
Mines 655 bitcoin, a 32% increase from the prior month
Completes acquisition of GRIID Infrastructure Inc.
LAS VEGAS, Nov. 4, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today released its unaudited bitcoin mining and operations update for the month ending October 31, 2024.
"October was another remarkable operational month in the books for CleanSpark. We also finalized the acquisition of GRIID Infrastructure Inc., adding more talented people to our team and a pipeline powered by the Tennessee Valley Authority (TVA) that we expect will take us to more than 400 MW in the state. There are just a few short months remaining in the calendar year, but we have a handful of projects under construction that we expect to come online and hashing before the start of 2025," said CleanSpark CEO Zach Bradford.
Action comes following approval of merger by GRIID shareholders in October 28th vote
CleanSpark expects to grow to over 400 MW of mining capacity in Tennessee
LAS VEGAS, Oct. 31, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), announced today the completed acquisition of GRIID Infrastructure Inc. (Nasdaq: GRDI)("GRIID") on October 30, 2024, following approval of the transaction by stockholders of GRIID at the special meeting of its stockholders on October 28, 2024.
Expects to continue growth to 50 EH/s in 2025
LAS VEGAS, Oct. 10, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today announced it has achieved 30 EH/s (exahashes per second) in operational hashrate.
The Company's hashrate has surged 200% since October 2023 through significant organic growth paired with turn-key acquisitions and the execution of a fleet upgrade, improving efficiency during the same period by nearly 20% and boosting the number of operational machines by 112%. The efficiency improvement strategy has resulted in increased computing power while consuming less energy and allowing for more hashrate to be generated with fewer machines.
Brian Carson was promoted from his previous role, director of financial reporting
LAS VEGAS, Oct. 7, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), has announced the appointment of Brian Carson as chief accounting officer.
In his prior role as director of financial reporting at CleanSpark, Carson led teams responsible for financial closing activities, report management, spend analysis, system-implementations, training, and auditing. He successfully maneuvered ever-changing rules in the cryptocurrency industry to ensure short- and long-term financial goals of stakeholders and industry standards are met.
Full operations have been materially restored from Hurricane Helene
LAS VEGAS, Oct. 7, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today announced normal operations have resumed after 365 MW of power was shut down in the wake of Hurricane Helene. The Company's hashrate has since reached 28.7 EH/s.
"On behalf of the entire CleanSpark team and our community partners, I want to sincerely thank our amazing employees and utility workers for their incredible efforts in restoring power to the surrounding communities and the facilities that were impacted after Hurricane Helene. Your hard work, perseverance, and collaboration have been crucial in getting power back online at our sites swiftly and safely while still prioritizing the energy needs of the local community. We truly appreciate your dedication and commitment during this unprecedented time," said Zach Bradford, CEO.
Company finishes FY2024 with over 8,000 bitcoin in treasury, reaching 27.6 EH/s in hashrate and 552 MW of operational capacity at wholly-owned sites, increases of 258%, 187% and 132% from FY2023 respectively
Despite the halving, CleanSpark exceeds FY2023 production
LAS VEGAS, Oct. 3, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today released its unaudited bitcoin mining and operations update for the month ending September 30, 2024.
Employees and infrastructure are safe
LAS VEGAS, Sept. 30, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company") today provided comments and updates on the impact of Hurricane Helene.
Statement from CEO Zach Bradford
In the wake of Hurricane Helene's destructive path across the Southeastern United States, we extend our deepest condolences to the communities, families, and individuals who have suffered loss, damage, and disruption due to this catastrophic event. We recognize the immense challenges faced by those in regions where the storm has left countless without power, water, and other basic necessities. The loss of life, including first responders who bravely served during this crisis, underscores the severity of Helene's impact. Our thoughts are with every person whose life has been altered by this hurricane.
LAS VEGAS, Sept. 17, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company") today announced it has acquired two Bitcoin mining sites and associated land near Clinton, Mississippi, and closed on its second site in Wyoming.
The Mississippi acquisitions have a combined purchase price of $5.775 million and will support a total of 16.5 MW. The sites are currently partially complete and the purchase price includes the cost to complete construction of the site infrastructure. The site will be delivered to the Company turnkey ready with an expected completion date of December 1, 2024. Upon completion and installation, the site will house S21 pro miners with an expected combined operating hashrate of approximately 1 exahashes per second (EH/s). The addition of these sites will bring the Company's data center portfolio in Mississippi to 60.5 MW.
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."
Expected to add over 85 MW of immediately available capacity
LAS VEGAS, Sept. 11, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company") today announced it has entered into definitive agreements to acquire seven bitcoin mining facilities and certain associated land in the Knoxville, Tennessee, area for total cash payments of $27.5 million, or approximately $324,000 per megawatt. This acquisition builds on the Company's strategy of securing high-quality infrastructure opportunities at market-leading valuations.
Mined 478 bitcoin and increased total operating hashrate by 1.4 EH/s during August
65 MW of data center capacity expected to come online in September
LAS VEGAS, Sept. 3, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner®, today released its unaudited bitcoin mining and operations update for the month ending August 31, 2024.
"As we approach the end of our fiscal year, the team continues to work diligently to optimize fleet efficiency and increase hashrate. Our fleet upgrade is well underway as we simultaneously prepare for 65 MW of capacity to be energized during the month of September. These efforts are expected to result in a meaningful increase in operating hashrate and bitcoin production as we close out our fiscal year," said Zach Bradford, CEO.
FY2024 Third Quarter Revenue of $104.1 million, net loss of ($236.2) million and Adjusted EBITDA of ($12.7) million
Revenue grows 129% year over year
Current hashrate surpasses 22 EH/s
Partners with Coinbase on $50 million line of credit
LAS VEGAS, Aug. 9, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company"), America's Bitcoin Miner®, today reported financial results for the three months ended June 30, 2024.
LAS VEGAS, Aug. 9, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® announced the new date and time for its fiscal third quarter 2024 financial results, now scheduled for today, August 9, 2024, at 4:30 PM ET / 1:30 PM PT.
Webcast Information: To view the webcast, please click here.
Conference Call Information:North America Toll-Free: (888) 330-2137International Toll: +1 (646) 960-0143Conference ID: 1382915
LAS VEGAS, Aug. 8, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner®, today announced the postponement of its fiscal third quarter 2024 financial results initially scheduled for today August 8, 2024, at 4:30 PM ET / 1:30 PM PT. The Company intends to provide the updated time and webcast details in a subsequent release.
About CleanSparkCleanSpark (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.
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