CleanSpark Points August 2023 Bitcoin Mining Replace

CleanSpark, Inc. (Nasdaq: CLSK), America’s Bitcoin Miner™, at present launched its unaudited bitcoin mining and operations replace for the month ending August 31, 2023.

“August was one other banner month for CleanSpark because the 50MW growth in Washington noticed its first full month at most operational hashrate, delivering a few of our highest each day manufacturing ever,” mentioned CleanSpark CEO Zach Bradford. “What’s extra, we’ve got rigorously managed energy to attain considerably excessive ranges of uptime in August, regardless of traditionally excessive ranges of rain and extremely popular climate. That operational prowess has resulted in what we count on is among the many greatest month-to-month bitcoin manufacturing charges of publicly traded miners in North America.”

August Bitcoin Mining Replace (unaudited)

• Bitcoin mined in August: 659
• CY2023 bitcoin mined: 4,729
• Whole BTC holdings as of August 31: 1,677
• Whole BTC offered in August: 43
• Deployed fleet: 88,217
• Month-end fleet effectivity: 28.7
• Present hashrate: 9.3 EH/s

The Firm offered 43 bitcoins in August 2023 at a mean of roughly $28,200 per BTC. Gross sales of BTC equated to proceeds of roughly $1.2 million. August each day BTC mined averaged 21.26 and reached a excessive of twenty-two.11.

Operational updates

Sandersville. Development is underway on the Firm’s latest growth in Sandersville, GA. Concrete has been poured for Constructing 1, and building on subsequent buildings begins this week. Supplies are arriving on web site each day and all ten information facilities are anticipated to be accomplished later this yr. As soon as completed, the location will likely be house to 230MW of essentially the most environment friendly bitcoin mining machines obtainable, making it one of many largest bitcoin mining information facilities within the southeastern United States. The growth itself is 150MW and is anticipated to accommodate 45,000 miners.

Concurrently, the Municipal Vitality Authority of Georgia (MEAG) has been developing a 200MW substation and associated infrastructure that may energy the Sandersville growth. The utility has knowledgeable the Firm that it expects to finish the substation in 2023, however the associated power-line challenge that connects to the substation is anticipated to push into early 2024, after which era miners will likely be promptly energized to attain CleanSpark’s goal of 16 EH/s of operational hashrate.

Further commentary concerning the Sandersville growth, together with latest photographs, can be found right here and right here.

Fall Investor Convention Schedule

3^rd Annual Needham Digital Crypto Convention, September 7, 2023

• CleanSpark Government Chairman Matthew Schultz
• The convention is open to shoppers of Needham & Firm by invitation solely.
• For extra info, please name (212) 371-8300 or go to www.needhamco.com.

H.C. Wainwright 25^th Annual International Funding Convention (New York), September 11 – 13, 2023

• Firm Presentation: Government Chairman Matthew Schultz and CFO Gary A. Vecchiarelli
• Panel: CEO and President Zach Bradford
• buyers can entry CleanSpark’s presentation starting September 15, 2023, by visiting the occasions web page on CleanSpark’s web site at www.cleanspark.com.

AIM Summit (Dubai), October 30 – 31, 2023

• Fireplace Chat: CEO and President Zach Bradford
• For extra info, go to www.aimsummit.com.

26^th Annual Needham Progress Convention (New York), January 16 – 19, 2024

• Firm Presentation: Government Chairman Matthew Schultz and Chief Monetary Officer Gary A. Vecchiarelli
• Needham & Firm’s flagship convention is among the nation’s largest progress inventory investing occasions, with over 375 firms taking part in 2023.
• The twenty fifth Annual Needham Progress Convention is open to shoppers of Needham & Firm by invitation solely.
• For extra info, please name (212) 371-8300 or go to www.needhamco.com.

About CleanSpark

CleanSpark (Nasdaq: CLSK) is America’s Bitcoin Miner™. We personal and function information facilities that primarily run on low-carbon energy. Our infrastructure responsibly helps Bitcoin, the world’s most essential digital commodity and an important device for monetary independence and inclusion. We domesticate belief and transparency amongst our staff and the communities we function in. Go to our web site at www.cleanspark.com.

Ahead-Wanting Statements

This press launch accommodates forward-looking statements inside the which means of the Non-public Securities Litigation Reform Act of 1995, together with statements concerning expectations of realizing the advantages of 9.3 EH/s of working hashrate, achievement and timing of reaching our goal steerage of 16 EH/s, the growth and timing of such growth of the bitcoin mining amenities in Sandersville, Georgia, and the ensuing anticipated advantages to CleanSpark (together with as to anticipated additions to CleanSpark’s hashrate and the timing thereof). We intend such forward-looking statements to be lined by the secure harbor provisions for forward-looking statements contained in Part 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Part 21E of the Securities Change Act of 1934, as amended (the “Change Act”). All statements apart from statements of historic info contained on this press launch could also be forward-looking statements. In some circumstances, you possibly can determine forward-looking statements by phrases resembling “could,” “will,” “ought to,” “expects,” “plans,” “anticipates,” “might,” “intends,” “targets,” “tasks,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,” “potential” or “proceed” or the adverse of those phrases or different comparable expressions. Ahead-looking statements contained on this press launch embrace, however should not restricted to, statements concerning our future outcomes of operations and monetary place, trade and enterprise tendencies, enterprise technique, growth plans, market progress and our goals for future operations.

The forward-looking statements on this press launch are solely predictions. We’ve primarily based these forward-looking statements largely on our present expectations and projections about future occasions and monetary tendencies that we imagine could have an effect on our enterprise, monetary situation and outcomes of operations. Ahead-looking statements contain recognized and unknown dangers, uncertainties and different essential components that will trigger our precise outcomes, efficiency or achievements to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements, together with, however not restricted to: the anticipated timing of the expansions; the danger that {the electrical} energy obtainable to our amenities doesn’t improve as anticipated; the success of its digital forex mining actions; the unstable and unpredictable cycles within the rising and evolving industries through which we function; growing issue charges for bitcoin mining; bitcoin halving; new or extra governmental regulation; the anticipated supply dates of latest miners; the flexibility to efficiently deploy new miners; the dependency on utility fee buildings and authorities incentive packages; dependency on third-party energy suppliers for growth efforts; the expectations of future income progress is probably not realized; and different dangers described within the Firm’s prior press releases and in its filings with the Securities and Change Fee (SEC), together with underneath the heading “Danger Components” within the Firm’s Annual Report on Kind 10-Ok and any subsequent filings with the SEC. The forward-looking statements on this press launch are primarily based upon info obtainable to us as of the date of this press launch, and whereas we imagine such info varieties an inexpensive foundation for such statements, such info could also be restricted or incomplete, and our statements shouldn’t be learn to point that we’ve got performed an exhaustive inquiry into, or overview of, all probably obtainable related info. These statements are inherently unsure and buyers are cautioned to not unduly rely on these statements.

You need to learn this press launch with the understanding that our precise future outcomes, efficiency and achievements could also be materially totally different from what we count on. We qualify all of our forward-looking statements by these cautionary statements. These forward-looking statements communicate solely as of the date of this press launch. Besides as required by relevant legislation, we don’t plan to publicly replace or revise any forward-looking statements contained on this press launch, whether or not because of any new info, future occasions or in any other case.

Investor Relations Contact Matt Schultzir@cleanspark.com

Media Contacts Isaac Holyoakpr@cleanspark.com

BlocksBridge ConsultingNishant Sharmacleanspark@blocksbridge.com

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SOURCE CleanSpark, Inc.