CleanSpark

Another year, another proven track record. 🏎️🛣️🏁 CleanSpark finished FY2024 with over 8,000 bitcoin in treasury, reaching 27.6 EH/s in hashrate and 552 MW of operational capacity at wholly-owned sites. These are increases of 258%, 187% and 132% from FY2023 respectively. Despite the halving, we exceeded FY2023 production. Here are more September highlights: *Monthly BTC production: 493 *CY2024 bitcoin mined: 5,079 *FY2024 (October 1, 2023 to September 30, 2024) bitcoin mined: 7,098 *Total bitcoin holdings as of September 30: 8,049 *Total bitcoin sold in September: 2.5 *Deployed fleet: 188,520 *Fleet efficiency: 21.94 J/Th *Month-end operating hashrate: 27.6 EH/s “I would like to thank the communities where we operate for their continued support following Hurricane Helene. Power has been restored to all sites with the exception of approximately 45 MW, which we expect to be restored in the coming days. As we reflect on the fiscal year ending September 30, 2024, we believe CleanSpark performed exceptionally well. During the past year, we grew our hashrate from 9.6 EH/s to 27.6 EH/s, or 187%, with 5 EH/s coming online just during the month of September. The Company executed its plan to strategically diversify its portfolio across three new states and completed multiple expansions at existing data centers,” said Zachary Bradford, CEO. “During this same period of rapid growth, our share price increased approximately 145% compared to September 30, 2023. These results came from successfully navigating the halving, closing multiple acquisitions, delivering significant organic growth, and even riding out a hurricane to close out the year. We have successfully worked our way through each opportunity and obstacle and look forward to fiscal year 2025 with a goal of delivering even greater results. Our strategic approach pre- and post-halving has allowed us to not only showcase our operational excellence but also strengthen our treasury, which now exceeds 8,000 self-mined bitcoin.” “Our expansion efforts have not slowed down, and we are actively racking miners at newly acquired sites and at our existing facilities as part of our fleet upgrade plan. Through these efforts, we expect to reach 30 EH/s during October 2024. Looking ahead to fiscal year 2025, we are positioned to rapidly achieve our forecasted growth to 50 EH/s and beyond. We look forward to providing further updates on 2025 in the coming weeks.” Read additional updates at our press release here: https://bit.ly/4gTPiH9 #bitcoin #bitcoinminer #btc #hashrate #thehalving #clsk #cleanspark

Some of the CleanSpark team in Vicksburg, MS, recently volunteered with the Vicksburg Young Professionals of the Vicksburg Warren Partnership and Extra Table to pack bags of beans and rice for pantries and shelters in the county!

A statement from CleanSpark CEO Zachary Bradford about Hurricane Helene: In the wake of Hurricane Helene's destructive path across the Southeastern United States, we extend our deepest condolences to the communities, families, and individuals who have suffered loss, damage, and disruption due to this catastrophic event. We recognize the immense challenges faced by those in regions where the storm has left countless without power, water, and other basic necessities. The loss of life, including first responders who bravely served during this crisis, underscores the severity of Helene's impact. Our thoughts are with every person whose life has been altered by this hurricane. The communities in rural Georgia, where our employees and their families reside and where we operate, have experienced this firsthand. The resilience shown by the affected communities and our employees, as they come together to support one another is a testament to the human spirit's indomitable nature. Our teams have been working hand in hand with the local utilities to mutually support the efforts to bring power back online to regions affected. Their grit and commitment have been outstanding. I want to extend our deepest gratitude to our incredible teams who have demonstrated remarkable resilience and dedication in the face of this challenge. Your unwavering commitment to excellence, even under trying circumstances, has not gone unnoticed. The spirit of collaboration, grit, and perseverance you've shown is truly commendable. Thank you for your hard work, your adaptability, and for pushing through adversity with such determination. We continue to move forward and achieve our goals because of your efforts. Most importantly, all our team members are safe. Additionally, our geographically diverse portfolio of sites allowed us to maintain approximately 10.5 EH/s at our sites in Northwest Georgia, Mississippi, and Tennessee throughout the storm. To ensure health and safety, and to avoid any undue pressure on the electrical grid, we shut 365 MW of our Southeast Georgia sites down as the hurricane began impacting the region. Since then, we have been in regular communication with the local utilities to safely bring up the sites in a manner that ensured the local community was supported throughout the process. Within 24 hours, we were able to bring hashrate back to over 17.5 EH/s. We have now brought approximately 200 MW back online and expect to bring the remaining 165 MW online in the coming week after the utilities and communities around us receive power. The majority of the 165 MW remaining offline is projected to be restored to communities no later than October 4, 2024. Our teams are prepared to promptly restore normal operations as soon as power becomes available. [continued in comments]

If you weren't able to join yesterday's H.C. Wainwright & Co., LLC fireside chat with CleanSpark CEO Zachary Bradford and executive chairman S. Matthew Schultz, we've got you covered! 🔥 🔥 🔥 You can register and watch the full recording at the link below. If you don't associate with a company, please type N/A under that section. Link: https://bit.ly/3zwfUwO #Bitcoin #CLSK

“Including today’s announcement, our operational capacity has soared over the last seven days totaling 211.5 MW of new capacity. That’s an increase of nearly 38 percent, which will not only support our target of 37 EH/s by the end of 2024, but also our target of 50 EH/s in 2025,” said Zachary Bradford, CEO. “CleanSpark’s rapid growth underscores our ongoing commitment to deliver long-term shareholder value.” Today CleanSpark announced we’ve acquired two Bitcoin mining sites and associated land near Clinton, Mississippi, and closed on our second site in Wyoming. The Mississippi acquisitions have a combined purchase price of $5.775 million and will support a total of 16.5 MW. The sites are currently partially complete and the purchase price includes the cost to complete construction of the site infrastructure. The site will be delivered to CleanSpark turnkey ready with an expected completion date of December 1, 2024. Upon completion and installation, the site will house S21 pro miners with an expected combined operating hashrate of approximately 1 exahashes per second (EH/s). The addition of these sites will bring our data center portfolio in Mississippi to 60.5 MW. On September 11, 2024, we closed on our previously announced 45 MW site in Wyoming. The site is expected to contribute an additional 3 EH/s to our hashrate upon completion. The site will feature immersion-cooled Bitcoin mining data centers which will support the latest generation S21 immersion XPs. Press release link: https://bit.ly/3TtsmEo

We are thrilled to announce that S. Matthew Schultz, Executive Chairman & Co-Founder of CleanSpark, will be joining us as a speaker at the AIM Summit Dubai conference on October 21 and 22, 2024!   Matt Schultz is co-founder, executive chairman, and former CEO of CleanSpark (CLSK). During his tenure, Matt led CleanSpark from its early days as an alternative energy generator focused on converting biomass into energy using CleanSpark’s patented gasifier technology. He then transitioned CleanSpark into the renewable energy sector, helping to identify critical software that was used to deploy microgrids, most notably at Camp Pendleton. In partnership with CleanSpark’s CEO, Matt has helped raise over a billion dollars in capital. His leadership has been instrumental in making CleanSpark one of the largest and most recognizable Bitcoin mining companies in North America.   Apply to attend: https://lnkd.in/dfkgHJKf For event information, contact [email protected] #aimsummitdubai #alternativeinvestments

#ICYMI: CleanSpark CEO Zachary Bradford spoke at this week’s H.C. Wainwright & Co., LLC 26th Annual Global Investment Conference. He was a panelist alongside other publicly traded Bitcoin miners for a discussion hosted by Anthony Scaramucci. Watch the recording here: http://ct.to/hcwpl24. In addition, our executive chairman S. Matthew Schultz presented a keynote about Bitcoin and our strategies as a fast-growing publicly traded miner, followed by a Q&A with Zach. Watch the recording here: http://ct.to/hcwcs24.

Grit and growth. Thank you to our teams companywide and the local community in Sandersville, GA. Our expansion wouldn't have been possible without you. #CLSK #Bitcoin

26 EH/s ✅ We've energized the 50 MW final phase of our 150 MW Bitcoin mining expansion in Sandersville, GA. 65 MW of total capacity became operational with our recent expansions, increasing CleanSpark's hashrate by 3.2 EH/s. “This past week has been monumental for CleanSpark, marked by the full energization of our expansions in Sandersville and Dalton, along with the acquisition of seven facilities in Tennessee. These efforts have allowed us to rapidly expand our hashrate, which we now expect to reach 37 EH/s before the end of 2024,” said Zachary Bradford, CEO. “I’m incredibly grateful to the local community. Our partnership with Sandersville is a prime example of how Bitcoin miners and communities can thrive together.” Press release link: https://bit.ly/4djPhJD

Huge thank you to CleanSpark for sponsoring the 2024 Wyoming Blockchain Stampede! 🦬 Get your free tickets here! ➡️bit.ly/4bHXoiM