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CleanSpark Inc. (Nasdaq: CLSK) is a leading Bitcoin mining company powering operations through sustainable energy solutions. This page provides investors and stakeholders with centralized access to official announcements, financial disclosures, and strategic developments.
Track CLSK's operational milestones including mining capacity expansions, energy efficiency improvements, and sustainability initiatives. Stay informed through verified updates on quarterly earnings, technology deployments, and regulatory compliance matters relevant to cryptocurrency mining operations.
Key content includes facility expansions, hashrate achievements, energy partnerships, and market positioning updates. All materials are sourced directly from company communications to ensure accuracy and timeliness.
Bookmark this page for streamlined access to CleanSpark's evolving role in sustainable Bitcoin mining. Check regularly for updates on operational efficiency benchmarks and strategic responses to cryptocurrency market dynamics.
CleanSpark has established a scholarship for five students at Gwinnett Technical College, covering full tuition and books for those pursuing computer science degrees. Awarded during the 2021 winter break, this scholarship emphasizes CleanSpark's commitment to community support. The company, which operates in Gwinnett County, plans to invest $145 million in capital improvements over five years. President Dr. D. Glen Cannon praised CleanSpark's initiative, highlighting the technical skills students will gain for lucrative careers.
CleanSpark, a leading sustainable bitcoin mining firm, has reported a significant increase in its hashrate, exceeding 2 exahashes per second (EH/s), doubling its capacity in just three months. This development allows the company to produce approximately 10 bitcoins daily, positioning it among the top miners in North America. CEO Zach Bradford emphasizes their efficiency in mining and energy usage, highlighting future expansion plans. Additionally, CleanSpark is promoting a giveaway of NFTs and conference passes as part of their achievement celebration.
CleanSpark (Nasdaq: CLSK) recently addressed the congressional hearing titled Cleaning Up Cryptocurrency: The Energy Impacts of Blockchains, emphasizing the role of bitcoin mining in enhancing renewable energy infrastructure.
The company acknowledged the energy consumption associated with bitcoin mining but highlighted its transparent nature and the potential for faster payback on renewable projects. CleanSpark advocates for a focus on the type of energy used in mining, positioning miners as allies in the drive towards decarbonization.
CleanSpark, Inc. (Nasdaq: CLSK) announced that CEO Zach Bradford will join a webinar hosted by Valkyrie Investments on January 13, 2022, at 12:30 p.m. ET. This event marks the kickoff of Valkyrie's new Spotlights webinar series focused on sustainable bitcoin mining. Bradford will discuss insights alongside mining expert Kristy-Leigh Minehan. The virtual event is open to the public and registration is available through the Valkyrie website.
CleanSpark Inc. (CLSK) announced a significant increase in its bitcoin mining hashrate, adding 500 PH/s in December, totaling 1.9 EH/s. For December 2021, the company produced 226 BTC, culminating in 1,528 BTC for the year. As of December 31, it holds 633 BTC and sold 414 BTC at an average price of $49,791 to support growth. The company aims to achieve a hashrate of 2.0 EH/s imminently, following robust preparations by its team during the holiday season.
CleanSpark, Inc. (Nasdaq: CLSK) has appointed Gary A. Vecchiarelli as its new Chief Financial Officer, succeeding Lori Love. Vecchiarelli brings over 20 years of finance experience, having worked in senior roles at several high-growth companies. His previous roles include CFO at Imatrex and finance director at Golden Entertainment. CEO Zach Bradford praised Vecchiarelli’s capital markets expertise, believing it will enhance shareholder value. The transition will see Love assist during the changeover. This strategic hire aims to bolster CleanSpark’s operations in sustainable bitcoin mining.
CleanSpark, Inc. (Nasdaq: CLSK) reported a significant 400% revenue increase to $49.4 million for the fiscal year ending September 30, 2021, compared to $10 million in the previous year. The net loss improved to ($21.8 million), or ($0.75 per share), from ($23.3 million), or ($2.44 per share) last year. Adjusted EBITDA stood at $9 million, marking a substantial shift from a ($10.2 million) loss previously. The company also reported current assets of $57.7 million and total assets of $317.5 million as of September 30, 2021.
CleanSpark (Nasdaq: CLSK) will host its fourth quarter and full year 2021 earnings call on December 14 at 5:00 p.m. ET. The event will provide shareholders and analysts with insights into the company's financial results and future strategies, particularly focusing on sustainable bitcoin mining and energy technology. CleanSpark aims to address modern energy challenges while expanding its digital currency mining activities. Participants can join via a webcast link for a comprehensive discussion of the company’s initiatives and business outlook.
CleanSpark (Nasdaq: CLSK) has acquired immersion cooling infrastructure for its Norcross bitcoin mining facility, marking a significant technological advancement. The phased installation, starting immediately, aims to enhance bitcoin mining efficiency by over 20% and reduce operational expenses. The new setup will feature 5940 Antminer S19j Pro machines, totaling about 600 PH/s. This state-of-the-art cooling method contrasts with traditional air-cooled centers, promising sustainability and improved performance.
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