CleanSpark Inc. (Nasdaq: CLSK), America’s Bitcoin Miner™, today
announced it has entered into definitive agreements to acquire two
turnkey bitcoin mining campuses located in Dalton, Georgia, for a
cash payment of $9.3 million. The facilities are expected to add
just under 1 exahash per second (EH/s) to CleanSpark’s hashrate
shortly after the deal is scheduled to close later this
week.
The two facilities will host a total of over 6,000 Antminer S19
XPs and S19J Pro+s, the latest and the most power-efficient
generation of bitcoin mining machines, from orders placed and fully
paid for by CleanSpark earlier this year.
“This acquisition ensures that we have more than enough
infrastructure to reach our year-end target of 16 EH/s. It also
continues to position us as one of the most power-efficient miners
on an energy-per-hashrate basis,” said Zach Bradford, CEO of
CleanSpark. “These two additional sites are testament to our
deepening ties with rural communities in Georgia and the regional
expertise we are developing there as a large, flexible load.
Importantly, our efforts are generating economic growth for the
suburban and rural areas where our operations are
located.”
This is the latest in a series of machine purchases and other
acquisitions made by the Company since the crypto bear market
began. Earlier this month, CleanSpark purchased 12,500 brand-new
Antminer S19 XP machines at a discounted price. The Company also
purchased 20,000 brand-new Antminer S19j Pro+ units in February,
all of which have been fully paid for, and 45,000 brand-new
Antminer S19 XP units in April.
“We continue to make use of opportunities created by current
market conditions to prepare for next year’s bitcoin halving,” said
Gary A. Vecchiarelli, CFO at CleanSpark. “Importantly, this
acquisition is fully paid for from our existing cash reserves and
we expect it to almost immediately start driving revenue to our
bottom line.”
CleanSpark mines bitcoin with predominantly low-carbon energy
sources, which account for over 90% of its energy mix, and
continues to follow a balanced capital management strategy by
selling a portion of its mined bitcoins to reinvest in growth. This
strategy, coupled with the Company’s proprietary mining model,
allowed CleanSpark to exceed its year-end guidance in 2022,
tripling its hashrate during that period and achieving one of the
highest hashrate realization rates among its peers during the
crypto bear market.
About CleanSpark
CleanSpark (Nasdaq: CLSK) is America’s Bitcoin Miner™. Since
2014, we’ve helped people achieve energy independence for their
homes and businesses. In 2020, we transitioned that expertise to
develop sustainable infrastructure for Bitcoin, an essential tool
for financial independence and inclusion. 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. We
cultivate trust and transparency among our employees, the
communities we operate in, and the people around the world who
depend on Bitcoin. CleanSpark is a Forbes 2022 America’s Best Small
Company and holds the 44th spot on the Financial Times’ List of the
500 Fastest Growing Companies in the Americas. For more information
about CleanSpark, please 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, including statements regarding expectations for acquisition
of the bitcoin mining facilities in Dalton, Georgia, the resulting
anticipated benefits to CleanSpark (including as to anticipated
additions to CleanSpark’s hashrate and the timing thereof), and the
timing of miner deliveries and installation. 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”). All statements other than statements of
historical facts contained in this press release may be
forward-looking statements. 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. Forward-looking
statements contained in this press release include, 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.
The forward-looking statements in this press release are only
predictions. 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. Forward-looking statements
involve 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: the
anticipated timing of the expansions; 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 and any subsequent filings with the SEC. The forward-looking
statements in this press release are based upon information
available to us as of the date of this press release, and while we
believe such information forms a reasonable basis for such
statements, such information may be limited or incomplete, and our
statements should not be read to indicate that we have conducted an
exhaustive inquiry into, or review of, all potentially available
relevant information. These statements are inherently uncertain and
investors are cautioned not to unduly rely upon these
statements.
You should read this press release with the understanding that
our actual future results, performance and achievements may be
materially different from what we expect. We qualify all of our
forward-looking statements by these cautionary statements. These
forward-looking statements speak only as of the date of this press
release. Except as required by applicable law, we do not plan to
publicly update or revise any forward-looking statements contained
in this press release, whether as a result of any new information,
future events or otherwise.
Investor Relations Contact
Matt Schultz, Executive Chairman
ir@cleanspark.com
Media Contacts
Isaac Holyoak pr@cleanspark.com
BlocksBridge Consulting cleanspark@blocksbridge.com
Isaac Holyoak
CleanSpark Inc.
702-989-7694
pr@cleanspark.com
CleanSpark (NASDAQ:CLSK)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
CleanSpark (NASDAQ:CLSK)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024