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The company mined 806 bitcoins in March, up 24% from February; Total Bitcoin holdings now stand at 5,021
LAS VEGAS, April 1, 2024 /PRNewswire/ — CleanSpark Inc. (Nasdaq: CLSK), the U. S. Bitcoin Miner, has announced that the Bitcoin Miner™ is the most important player in the world. The U. S. Securities and Exchange Commission released its unaudited update on Bitcoin mining and operations for the month ending March 31, 2024.
“The March effects were a compliment to our hard work and super expansion over the past few months, as this is the first full month with the online expansion of Sandersville and our newly acquired sites in Mississippi, bringing our overall operational hash rate to over 16 EH/s. , with 17 EH/s imminent. The result is a record amount of bitcoins mined in the last full month before being cut in half,” said Zach Bradford, CEO. “I am also pleased to report that our Bitcoin treasury has reached over 5,000 Bitcoins. Add to that our existing monetary balance exceeds $300 million and we are on track to capitalize on what we expect to be one of the largest seasons of active M&A ever noticed in our industry.
“With the capital available, we have now fully funded the remaining notes of the 160,000 S21s we announced in January. We are poised to thrive after halving. We are now beyond the part and expect to be very active over the next few months as we have the balance sheet and monetary team to become one of the most competitive acquirers in the industry.
“Opportunities are plentiful and we, the customers, for consolidation, which has been widely debated across the industry for some time, are more applicable than ever. Our purpose will be to be in a position to act on opportunities that meet the CleanSpark standard. year. We now have the entire team in position to be in the most productive position to perform. We look forward to sharing more in the coming weeks and months as we continue our ordinary adventure at 50 EH/s while maintaining one of the most energy-efficient systems. ” Bitcoin mining fleets around the world.
March Update on Bitcoin Mining (Unaudited)
Bitcoin mined in March: 806
Bitcoin mined by 2024: 2,031
Total bitcoin holdings as of March 31: 5,021
Total Bitcoins in March: 3. 37
Fleet deployed: 133,963
Fleet efficiency at the end of the month: 24. 63
Current hash rate: 16. 4
The company sold 3. 37 bitcoins in March 2024, at an average value of around $58,800 per bitcoin. In March, the number of bitcoins mined averaged 26 and peaked at 28. 14.
Operational Update
Energizing Dalton. La Company’s recent acquisition of Dalton is nearing completion. Fifteen megawatts of power are expected to be commissioned early this week; We plan to start mining miners as soon as they are forced. Once miners are mined, this will increase CleanSpark’s operational hashrate to over 17 EH/s. It is expected to be fully operational until April 12. This marks the first step in adding 3 EH/s in the next quarter to achieve 20 EH/s.
About CleanSpark
CleanSpark (Nasdaq: CLSK) is the American Bitcoin Miner™. We own and operate knowledge centers that run primarily on low-carbon energy. Our infrastructure responsibly supports Bitcoin, the world’s largest virtual commodity and a critical tool for monetary independence and inclusion. We tame true acceptance and transparency among our workers and communities. in which we operate. Visit our online page at www. cleanspark. com.
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this press release, forward-looking statements include, but are not limited to, statements regarding expectations, beliefs, plans and intentions. of the Company. Matrix and strategies. In some cases, you can identify forward-looking statements by terms such as “possibly”, “will”, “should”, “expect”, “plan”, “anticipate”, “could”, “intend”. “objectives”, “projects”, “considers”, “believes”, “estimates”, “plans”, “predicts”, “potential” or “continues” or the negatives of those terms or other similar expressions. are subject to a variety of known and unknown threats, uncertainties and other vital issues that could cause our actual results, performance or achievements to be materially different from any long-term results, performance or achievements expressed or implied by forecasts. , adding, among others: planned additions to the CleanSpark hashrate and the timing thereof; the threat that the electrical power available at our facilities will not increase as expected; the good fortune of your virtual currency mining activities; the volatility and unpredictable cycles of emerging and evolving industries in which we operate; increase difficulty rates for bitcoin mining; Bitcoin Halving; new or additional government regulations; expected delivery dates for new miners; the ability to hopefully deploy new miners; reliance on application fee structures and government incentive programs; dependence on external electrical energy suppliers for expansion efforts; expectations of long-term earnings expansion may not materialize; and other threats described in the Company’s prior press releases and its filings with the Securities and Exchange Commission (SEC), aggregated under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for fiscal year ended September 30, 2023. and any upcoming filings with the SEC. The forward-looking statements contained in this press release are made only as of the date of this press release, and we undertake no legal responsibility to update or revise any forward-looking statements as a result of any new information, replace in cases of long term. or occasions or otherwise, as required by applicable law.
Investor Relations Contact Brittany Moore702-989-7693ir@cleanspark. com
Media ContactEleni Stylianou702-989-7694 pr@cleanspark. com
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SOURCE CleanSpark, Inc.