We 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, 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 for expansion of the Company's Georgia bitcoin mining facilities, increasing our efficiency, 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 sustainable 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. The planned expansion will add over 6 EH/s to CleanSpark's mining operations.ĬleanSpark (NASDAQ: CLSK) is America's Bitcoin Miner™. Crews continue to make major headway as they prep the land for CleanSpark's ambitious expansion in Sandersville. Over 14,000 machines are racked and ready to start hashing. The 50MW expansion is expected to energize by the end of the week. An additional 4,500 machines are expected to go live in the coming weeks. Machines are being racked daily, with about 1,500 machines currently online. CleanSpark's newest campus, which consists of two facilities in the town of Dalton, Georgia, began hashing almost immediately after the acquisition was announced in late June. June daily BTC mined averaged 16.4 and reached a high of 17.4.ĭalton. Sales of BTC equated to proceeds of approximately $11.2 million. The Company funded growth and operations through the sale of 413 bitcoins in June 2023 at an average of approximately $27,200 per BTC.
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