Welcome to our dedicated page for Cleanspark news (Ticker: CLSK), a resource for investors and traders seeking the latest updates and insights on Cleanspark stock.
CleanSpark develops and operates digital infrastructure for bitcoin mining, AI, and high-performance computing across a U.S. portfolio of power, land, and data centers. Company updates frequently cover monthly bitcoin production, hashrate and utilization, power capacity under contract, data center campus expansion, and the use of mining cash flow to fund infrastructure development.
CleanSpark news also includes quarterly financial results, balance sheet actions, digital asset management, share repurchases, capital allocation, and AI compute infrastructure initiatives. Coverage may also include securities-market products linked to CLSK, such as single-stock leveraged ETFs launched by third-party fund sponsors.
CleanSpark (NASDAQ: CLSK) has acquired 3,843 Antminer S19J Pro bitcoin mining machines for $5.9 million, raising its total machines purchased to over 26,500 since bear market conditions began in June. This acquisition reflects the company's strategy to capitalize on distressed market conditions. CleanSpark's CEO, Zach Bradford, highlighted their commitment to sustainability and a strong balance sheet, which positions them favorably for anticipated market improvements. The company aims to achieve a year-end guidance of 22.4 EH/s, enhancing its status as a leading bitcoin mining firm.
CleanSpark (NASDAQ: CLSK) announced a 150% increase in its bitcoin mining hashrate, exceeding 5 EH/s, and updated its year-end hashrate guidance to 5.5 EH/s, surpassing its previous target by over 60 days. The surge in hashrate is attributed to the acquisition of additional facilities and improved operational efficiency. The company operates with about 50,000 mining machines and has a daily production high of 19.2 bitcoin. It expects to achieve a hashrate of 22.4 EH/s by the end of 2023, positioning itself among the largest public bitcoin miners globally.
CleanSpark Inc. (Nasdaq: CLSK) will host investors and analysts at its bitcoin mining campuses in Atlanta, Georgia, on November 3, starting at 9:30 a.m. ET. The event will include presentations from senior management, covering the company’s growth opportunities and corporate strategy for low-carbon bitcoin mining. Attendees will tour the facilities and engage in a Q&A session. Additionally, an open house for local dignitaries and media is scheduled for November 2 at the Norcross campus. CleanSpark has received accolades, including being recognized as a Forbes 2022 America's Best Small Company.
Mawson Infrastructure Group Inc. (NASDAQ:MIGI) reported an operational update for September 2022, highlighting a total Bitcoin production of 203, with 102 from self-mining and 101 from its Energy Market Program, generating approximately $2 million in revenue. The company’s installed operational capacity reached 3.7 Exahash. Additionally, the sale of its Georgia facility to CleanSpark Inc. (NASDAQ:CLSK) is expected to yield an unaudited profit of about $18 million, reinforcing Mawson's focus on expanding its Pennsylvania operations.
CleanSpark has completed the acquisition of Mawson Infrastructure Group’s bitcoin mining facility in Georgia, effective October 8, adding 560 PH/s to its hashrate, now over 4.7 EH/s. This site is projected to contribute an additional 1 EH/s by year-end, with a total planned capacity of 230 MW. CleanSpark emphasizes its commitment to low-carbon energy, operating with over 90% renewable sources. Mawson received approximately $34.3 million, including shares of CleanSpark common stock, and a potential earn-out of $2 million.
Mawson Infrastructure Group (NASDAQ:MIGI) announced the completion of its sale of the Sandersville, Georgia facility and up to 6,468 ASICs to CleanSpark (NASDAQ:CLSK) for approximately $40 million. This strategic move allows Mawson to focus on expansion in Pennsylvania, where it has secured low-cost energy for its Midland facility. The company anticipates a preliminary profit of around $18 million from the sale, impacting Q4 2022 earnings positively. Mawson expects its Self-Mining and Hosting Co-location capacity to reach 4.5 Exahash by Q1 2023 and 8.0 Exahash by Q4 2023.
CleanSpark Reports Strong Growth in Bitcoin Mining for September 2022
CleanSpark (Nasdaq: CLSK) announced a hashrate increase of 21% to 4.16 EH/s since August 2022. The company mined 448 bitcoins in September, marking a 132% year-over-year increase, pushing total mined this year to 3,090 bitcoins. Their HODL (Hold On for Dear Life) balance grew 13% to 594 bitcoins. The company sold 380 bitcoins at an average price of $19,783, generating approximately $7.5 million to fund operations and growth.
CleanSpark (Nasdaq: CLSK) has seen its bitcoin mining hashrate surge over 30% in less than a month, now exceeding 4 EH/s. The company aims to achieve a year-end guidance of 5 EH/s for 2022 and 22.4 EH/s for 2023, positioning itself among the largest publicly traded bitcoin miners. With a fourth facility set to be operational by early October, CleanSpark expects an additional 1.4 EH/s from this acquisition. It emphasizes low-carbon energy as a key component of its growth strategy.
Mawson Infrastructure Group (NASDAQ:MIGI) reported a total installed operational capacity of 3.7 Exahash at the end of August 2022. The company generated approximately $1.8 million from its Energy Market Program in August, matching July's revenue. Mawson produced a total of 170 Bitcoin in August, with 90 from self-mining and 80 via the Energy Market Program. The company is relocating miners from Georgia to Pennsylvania, focusing on high-margin operations. A sale of Georgia assets to CleanSpark (NASDAQ:CLSK) is expected to close in early October for up to $42.5 million.
CleanSpark, Inc. (Nasdaq: CLSK) announced that its Executive Chairman Matthew Schultz and CFO Gary Vecchiarelli will participate in investor conferences this September to discuss the company's financial strengths and recent acquisitions. The conferences include:
- H.C. Wainwright 24th Annual Global Investment Conference on September 13
- BTIG Future of Digital Assets Conference on September 19
- B. Riley Securities 2nd Annual Crypto Conference on September 29