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, Inc. (Nasdaq: CLSK), known as America’s Bitcoin Miner®, generates frequent news through its Bitcoin mining operations, data center development projects, financing activities, and strategic evolution into AI and high-performance computing. This news page aggregates those updates so readers can follow how the company is deploying power, scaling hashrate, and expanding its digital infrastructure footprint.
Regular Bitcoin mining and operations updates provide detail on monthly production, operational hashrate, fleet efficiency, and power utilization. These releases also discuss growth initiatives such as new megawatts of data center capacity coming online, expansions at sites in places like Tennessee and Georgia, and progress on immersion-cooled facilities and hosting arrangements tied to acquisitions.
CleanSpark’s news flow also covers major development projects and corporate milestones. Recent announcements include rights to hundreds of acres of land in Texas and long-term power agreements intended to support dedicated AI data centers and next-generation data center campuses, as well as a definitive agreement to acquire land and transmission-level power capacity near Houston. These items highlight the company’s efforts to build large-scale, transmission-connected sites for AI and HPC workloads alongside Bitcoin mining.
Investors and observers will also find coverage of capital markets transactions and credit facilities, such as the company’s zero-coupon Convertible Senior Notes due 2032, share repurchases, and bitcoin-backed lending arrangements with institutional counterparties. Governance and regulatory updates, including changes to bylaws, codes of ethics, and risk factor disclosures related to diversification into data center development, are reported through SEC-related press releases.
By reviewing this news feed, readers can track CleanSpark’s operational performance, power portfolio growth, AI infrastructure initiatives, and key financial and governance developments over time.
CleanSpark reported third quarter revenue of $31.0 million, a 243% increase from the previous year. However, the company experienced a net GAAP loss of $(29.3) million, a 76% increase from the same period last year.
Adjusted EBITDA stood at $15.2 million, down 30% sequentially. CleanSpark mined 964 Bitcoin and increased its hashrate by 22%, raising its year-end hashrate guidance to 22.4 EH/s. The company announced it is selling its energy assets to focus solely on bitcoin mining.
CleanSpark, Inc. (Nasdaq: CLSK) has announced the acquisition of a bitcoin mining facility in Washington, Georgia, for $16.2 million. This acquisition is expected to enhance CleanSpark's hashrate by 1.1 EH/s, representing a 38% increase. The company has also purchased 3,400 Antminer S19 machines for $8.9 million, adding over 340 PH/s. The site has potential for expansion to 86 MW and is CleanSpark's third campus in Georgia, utilizing low-carbon energy sources, mainly nuclear.
CleanSpark achieved a record of 13.25 BTC mined per day in July 2022, with total monthly production increasing by over 13%. The company mined 384 BTC in July, bringing the year-to-date total to 2,247 BTC. CleanSpark holds 519 BTC as of July 31, 2022, and converted 426 BTC into operational funds, generating approximately $8.8 million in proceeds. The current mining fleet consists of around 30,450 miners, contributing to a total hashrate of 2.9 EH/s.
CleanSpark Inc. (Nasdaq: CLSK) will host a live webcast to discuss its fiscal third-quarter 2022 financial results on August 9, 2022, at 4:30 p.m. ET. The results will be publicly released after market close on the same day. CleanSpark focuses on sustainable bitcoin mining and energy independence, utilizing low-carbon energy sources. The company has been recognized as one of Forbes' Best Small Companies and ranked on the Financial Times' Fastest Growing Companies list. More details are available via their investor relations webpage.
CleanSpark, Inc. (Nasdaq: CLSK) announced the acquisition of 1,061 Whatsminer M30S machines, boosting its bitcoin mining capacity by approximately 93 petahashes per second (PH/s). The machines are operational at Coinmint’s renewable-powered facility. CEO Zach Bradford noted the company's strategic hybrid approach to mining is well-positioned for market growth. This deal follows a prior bulk purchase of 1,800 Antminer S19 XP units. Over the past six months, CleanSpark's computing power increased by 47%, and monthly bitcoin production grew by 50%.
CleanSpark reports robust bitcoin mining performance with a record production of 12.1 BTC per day as of June 2022, a 12% month-over-month increase in hashrate. For the year-to-date, the company produced 1863 BTC and currently holds 561 BTC. Proceeds from the sale of 328 BTC in June, averaging $25,644 per BTC, amounted to approximately $8.4 million. CleanSpark also successfully exited its switchgear business, enhancing its focus and liquidity for bitcoin mining operations.
CleanSpark, Inc. (Nasdaq: CLSK) will present at Bank of America's Web3 & Digital Assets Day on June 23, 2022, in New York City. The event is exclusive to BofA's top clients and features leaders from notable digital asset companies. CleanSpark's CEO, Zach Bradford, will participate in a panel alongside other mining industry executives. As interest in bitcoin mining and sustainable energy solutions grows, the company emphasizes its commitment to clean energy practices and sustainability in the evolving digital assets landscape.
CleanSpark has acquired 1,800 Antminer S19 XP units, enhancing its bitcoin mining capacity by over 252 petahashes per second (PH/s). This strategic move is part of an existing purchase contract alongside a partnership with TMGcore Inc. for advanced immersion-cooling infrastructure. The miners are expected to arrive starting in August 2022, with shipping extending over six months. CEO Zach Bradford highlighted that the contract was secured at a discounted price due to market conditions and strategic relationships, aiming to maximize shareholder value.
CleanSpark, Inc. (Nasdaq: CLSK) announced a 23% increase in its bitcoin holdings as of May 31, 2022, reaching a total of 550 BTC. For May, the company produced 312 BTC, bringing the year-to-date total to 1,523 BTC. CleanSpark funded its growth by selling 210 BTC at an average price of $32,639 per BTC, resulting in proceeds of approximately $6.9 million. The company operates over 25,000 miners with a hashrate exceeding 2.5 EH/s, indicating robust operational capacity.
CleanSpark, Inc. (CLSK) reported Q2 2022 revenues of $41.6 million, up 4x from $8.1 million a year prior. Despite a net loss of $(0.17) million, the company's Adjusted EBITDA rose significantly to $22.5 million, though it decreased 7.2% from Q1. The company cites ongoing operational and financial execution, including a recent agreement with Lancium to secure 600MW of power. CleanSpark's capital strategy remains resilient, fully funding growth capex through bitcoin conversion without utilizing shelf offerings since November.