CleanSpark

CleanSpark, Inc. is a Bitcoin mining and energy technology company, which engages in the provision of solutions to modern energy challenge and an advanced energy software and control technology. The company was founded by S. Matthew Schultz on October 15, 1987 and is headquartered in Henderson, NV.

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CleanSpark reports record bitcoin production but faces net loss

CleanSpark demonstrated strong bitcoin production growth but faced a net loss due to market conditions. The company's focus on proprietary mining, energy management, and efficiency positions it well for future growth. By exploring strategic expansion, technology adoption, and potential acquisitions, CleanSpark aims to enhance its competitive edge.

CleanSpark reports strong Q2 earnings, poised for growth and efficiency

CleanSpark's Q2 2023 earnings call showcased robust financial performance, operational advancements, and strategic positioning for growth in the cryptocurrency mining sector.
While facing challenges in sustaining growth momentum and managing operational complexities, the company's strong balance sheet and focus on efficiency offer a solid foundation.
Opportunities lie in expanding hash rate capacity, optimizing infrastructure, and leveraging financial strength for strategic initiatives and market diversification.
Overall, CleanSpark's performance, strengths, and proactive approach to challenges position them well to capitalize on opportunities and navigate the evolving cryptocurrency landscape.

CleanSpark excels in Q3 with strong revenue growth and Bitcoin strategy

CleanSpark's Q3 performance reflects strong revenue growth, improved margins, and enhanced EBITDA, driven by strategic Bitcoin management and operational efficiency.
The company's strengths lie in its financial stability, mining capacity expansion, and commitment to innovation through data center expansions and immersion cooling technology.
While facing challenges in risk management, efficiency optimization, and regulatory uncertainties, CleanSpark is well-positioned to leverage opportunities in market dynamics and technology advancements.

CleanSpark reports record revenue and efficiency gains, eyes strategic growth

CleanSpark's strong financial performance, strategic acquisitions, and focus on efficiency position them well for future growth and expansion.
Challenges lie in improving energy efficiency, executing expansion plans, and navigating potential mergers and acquisitions.
Opportunities abound in enhancing efficiency, exploring M&A for market value maximization, and expanding mining capacity to reach targets.

CleanSpark reports stellar Q1 results, eyes Bitcoin halving opportunities

CleanSpark delivered impressive financial performance, operational achievements, and strategic initiatives in Q1 2024, reflecting strong growth momentum
The company's strengths lie in its robust financial position, operational resilience, and technological capabilities, positioning it well for future success
While facing challenges such as post-halving price impact and market uncertainties, CleanSpark can leverage opportunities in Bitcoin adoption and mining industry growth for sustained growth

CleanSpark achieves record revenue and EBITDA, poised for growth

CleanSpark's Q2 2024 performance reflects robust growth in revenue and EBITDA, driven by bitcoin production and strategic initiatives. The company's strong financial position, expansion into Wyoming, and M&A strategy position it well for future growth and industry consolidation.

CleanSpark exceeds $100M revenue, strengthens mining capabilities with acquisitions

CleanSpark delivered strong financial performance in Q3 2024, surpassing $100 million in revenue and showcasing operational efficiency and market leadership.
While facing a net loss driven by non-cash items, the company's balance sheet remains robust, supported by a significant Bitcoin holding and strategic partnerships.
To sustain profitability, CleanSpark needs to address challenges related to the net loss and focus on optimizing operational costs and mining efficiency while capitalizing on growth opportunities.

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CleanSpark, Inc. is a bitcoin mining technology company, which engages in the management of data centers. Its operations include College Park, Norcross, Washington, Sandersville, Dalton, and Massena. The company was founded by S. Matthew Schultz and Bryan Huber on October 15, 1987 and is headquartered in Henderson, NV.

Award recognizes fastest-growing public and private technology companies in North America Award recognizes fastest-growing public and private technology companies in North America

CleanSpark Earns Top Spot on Deloitte's 2022 Technology Fast 500 List

Total Machines Purchased Since Bear Market Conditions Began in June Now Exceeds 26,500 Total Machines Purchased Since Bear Market Conditions Began in June Now Exceeds 26,500

CleanSpark Expands Bitcoin Mining Fleet with Purchase of 3,853 Latest Generation Machines

Shares of bitcoin miner CleanSpark (US:CLSK) has risen 27.6% in trading on this week as the company announced that it had achieved its 2022 year-end hash rate target of 5 EH/s more than two months ahead of schedule.

CleanSpark Bounces More Than 27% This Week as The Miner Upgrades Guidance After Hitting Target Early

CleanSpark Inc (NASDAQ:CLSK), the bitcoin miner, said it has raised its year-end hashrate guidance by 10% to 5.5 exahashes per second (EH/s) after the company surpassed its year-end guidance more than 60 days ahead of schedule. A firm's hashrate is one of the most critical metrics for evaluating public bitcoin mining companies as it determines how much bitcoin a company can mine.

CleanSpark raises year-end hashrate guidance by 10% as it smashes previous guidance 60 days ahead of schedule

The Company's hashrate has grown 150% since January; CleanSpark is updating its 2022 year-end hashrate guidance to 5.5 EH/s The Company's hashrate has grown 150% since January; CleanSpark is updating its 2022 year-end hashrate guidance to 5.5 EH/s

CleanSpark Exceeds 2022 Guidance Two Months Early, Achieving 5 EH/s; Raises Year-end Hashrate Guidance by 10%

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CleanSpark Inc (NASDAQ:CLSK) said it has completed the acquisition of Mawson Infrastructure Group Inc (NASDAQ:MIGI, OTC:MIGI)'s bitcoin mining facility in Sandersville, Georgia, including 6,500 miners or about 560 petahashes per second (PH/s) and the transition of Mawson's former staff to the CleanSpark team, effective October 8.   The company said the Sandersville site is its fourth campus in Georgia, with other locations in College Park, Norcross, and Washington.

CleanSpark completes acquisition of Mawson Infrastructure Group's Sandersville bitcoin mining facility

The acquisition has already added 560 PH/s of low-carbon bitcoin mining to CleanSpark's hashrate, bringing its total hashrate to over 4.7 EH/s; The site is expected to bring an additional 1 EH/s by year-end; Total planned capacity is 230 MW or 7.0 EH/s The acquisition has already added 560 PH/s of low-carbon bitcoin mining to CleanSpark's hashrate, bringing its total hashrate to over 4.7 EH/s; The site is expected to bring an additional 1 EH/s by year-end; Total planned capacity is 230 MW or 7.0 EH/s

CleanSpark Completes Acquisition of Mawson's Sandersville Facility

Mawson Infrastructure Group

ATLANTA & SYDNEY--(BUSINESS WIRE)--Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson”), a digital infrastructure provider, today announced it has closed on the previously announced transaction with CleanSpark, Inc. (NASDAQ:CLSK) (“CleanSpark”), to sell its Sandersville, Georgia facility, and up to 6,468 ASIC's for up to a maximum total purchase price of approximately $40 million.1 The Sandersville, Georgia facility was Mawson's first site built from the ground up and was operating at appr

Mawson Infrastructure Group Inc. Announces Completion of the Previously Announced Sale of Its Sandersville, Georgia Facility and 6,468 ASIC's to CleanSpark, Inc. for up to Approximately $40 Million1

CleanSpark Inc (NASDAQ:CLSK) said it had increased its hashrate and grew its Bitcoin balance during the month of September. The Bitcoin mining firm mined 448 Bitcoin in September, up 13% from the previous month, and saw a hashrate of 4.16 exa has (EH) per second, up 21% from August 2022.

CleanSpark sees increases in hashrate and Bitcoin balance throughout September

Company tops 4.16 EH/s, up 21% from August 2022; mines 448 bitcoin for the month, a 132% YoY increase; HODL grows 13% to 594 bitcoins Company tops 4.16 EH/s, up 21% from August 2022; mines 448 bitcoin for the month, a 132% YoY increase; HODL grows 13% to 594 bitcoins

CleanSpark Releases September 2022 Bitcoin Mining Update

Of the eight largest, listed and producing Bitcoin miners, CleanSpark is the best value from a market cap to hash rate share perspective. CleanSpark is enabling growth in its total network hash rate share through recent power supply acquisitions in Georgia, including 230 MW of capacity in Sandersville.

Be Ready To Add CleanSpark When Fed Signals Pivot

CleanSpark Inc (NASDAQ:CLSK)'s bitcoin mining hashrate has climbed above 4 EH/s (quintillion hashes per second), the company announced.  Hasharate determines how much bitcoin a company mines.

CleanSpark ratchets up bitcoin mining hashrate 30% in less than a month

The Company's hashrate, the majority of which is drawn from low-carbon sources, has grown over 30% in less than a month; CleanSpark is on track to meet its 2022 year-end guidance of 5 EH/s The Company's hashrate, the majority of which is drawn from low-carbon sources, has grown over 30% in less than a month; CleanSpark is on track to meet its 2022 year-end guidance of 5 EH/s

CleanSpark Exceeds Hashrate Guidance with Over 4 EH/s of Low-Carbon Network Strength

How to understand the current Bitcoin environment and how it's changed from several years ago. Bitcoin is still in the early stages of adoption, and will remain volatile for the foreseeable future.

CleanSpark: The Current Bitcoin Environment And Company Updates

Executive team to discuss financial strengths and recent acquisitions at upcoming investor events Executive team to discuss financial strengths and recent acquisitions at upcoming investor events

CleanSpark Announces Participation at Upcoming Investor Conferences this September

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ATLANTA & SYDNEY--(BUSINESS WIRE)--Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson”), a digital infrastructure provider, today announced it has entered into definitive agreements with CleanSpark, Inc. (NASDAQ:CLSK) (“CleanSpark”) to sell its Sandersville, Georgia Bitcoin Mining Facility, and 6,468 ASIC Bitcoin Miners to CleanSpark for up to a maximum total purchase price of $42.5 million, subject to reaching certain earn-out commitments, with closing expected in early October. Mawson ha

Mawson Infrastructure Group Inc. to Sell Sandersville, Georgia Bitcoin Mining Facility Including 6468 ASIC Bitcoin Miners to CleanSpark, Inc. for up to $42.5 Million

CleanSpark Inc (NASDAQ:CLSK) has announced an agreement to acquire a turnkey bitcoin mining facility in Sandersville, Georgia from Mawson Infrastructure Group Inc (NASDAQ:MIGI, OTC:MIGI) for a total purchase price of up to $33 million. The sustainable bitcoin mining and energy technology company said the transaction is expected to add 1.4 exahashes per second (EH/s) to CleanSpark's hashrate before year-end, 2.4 EH/s in early 2023 and 7.0 EH/s by the end of 2023.

CleanSpark inks deal to acquire turnkey bitcoin mining facility in Georgia

The already operational site in Sandersville, Georgia, includes 80 MW of total capacity supporting 2.4 EH/s of bitcoin mining; Total planned capacity is 230 MW, expected to support 7.0 EH/s; Strategic acquisition serves to accelerate and consolidate CleanSpark's standing at the top of the bitcoin mining sector The already operational site in Sandersville, Georgia, includes 80 MW of total capacity supporting 2.4 EH/s of bitcoin mining; Total planned capacity is 230 MW, expected to support 7.0 EH/s; Strategic acquisition serves to accelerate and consolidate CleanSpark's standing at the top of the bitcoin mining sector

CleanSpark Announces Agreement with Mawson Infrastructure Group to Acquire Turnkey Bitcoin Mining Facility

CleanSpark Inc said it has entered into a purchase agreement with Cryptech Solutions for 10,000 new Bitmain Antminer S19j Pro units for a total price of $28 million, and expects to take delivery of the servers by late October or early November. CleanSpark said its sustainable growth strategy, coupled with the current cryptocurrency market conditions, enabled it to purchase the machines at a substantially discounted price compared to the spot market price earlier this year.

CleanSpark buys 10,000 more latest generation bitcoin mining machines; extends summer of acquisitions

The new Antminer S19j Pro units will expand the company's bitcoin mining capacity by 1 EH/s at a significantly discounted price; CleanSpark's hashrate currently exceeds 3.8 EH/s The new Antminer S19j Pro units will expand the company's bitcoin mining capacity by 1 EH/s at a significantly discounted price; CleanSpark's hashrate currently exceeds 3.8 EH/s

CleanSpark Buys 10,000 More Latest Generation Mining Machines, Extending Summer of Acquisitions

CleanSpark Inc (NASDAQ:CLSK) (CleanSpark Inc (NASDAQ:CLSK)) has released its unaudited bitcoin mining and operations update for the calendar year-to-date ending August 31, revealing that its hashrate has tripled over the past year.  In August, CleanSpark mined 395 Bitcoin, more than doubled what it mine in August 2021.

CleanSpark mines 395 Bitcoin in August as hashrate ramps up

Company's hashrate exceeds 3.4 EH/s, up 19 percent from July 2022; mines 395 bitcoin for the month Company's hashrate exceeds 3.4 EH/s, up 19 percent from July 2022; mines 395 bitcoin for the month

CleanSpark Releases August 2022 Bitcoin Mining Update

CleanSpark Inc (NASDAQ:CLSK) has announced that its bitcoin mining hashrate has exceeded three exahashes, tripling in less than a year. Hashrate, which is the computing power available for processing transactions and securing the bitcoin blockchain, is an important metric for evaluating bitcoin mining companies.

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