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) 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, Inc. (Nasdaq: CLSK) reported significant financial results for the three and nine months ended June 30, 2021. Revenue rose to $22.3 million, a 176% increase year-over-year, with a quarterly revenue surge of $11.9 million, up 250%. Despite a net loss of ($16.4 million) for the nine months, adjusted EBITDA improved to $6.2 million for the same period. The company expects annualized revenues of $137 million to $154 million from its Bitcoin mining operations as it expands capacity in Atlanta, potentially increasing production to 8-9 bitcoins daily.
CleanSpark (Nasdaq: CLSK) has acquired a 87,000 square foot data center in Norcross, Georgia for $6.55 million. This facility will enhance its Bitcoin mining operations by providing 20 MW of power, expected to increase daily Bitcoin production to 18 BTC by late 2021. The center will operate with 100% carbon-neutral energy via Georgia's Simple Solar program, integrating renewables for sustainability. Additionally, CleanSpark aims to deploy over 23,500 S19 ASICS miners, expanding its energy capacity to 70 MW with a carbon-free focus.
CleanSpark (Nasdaq: CLSK) announced a live virtual earnings presentation scheduled for August 16, 2021, at 1 p.m. PST/4 p.m. EST. The event aims to update investors and analysts on the company's progress and business strategies in clean Bitcoin mining and energy technology. Participants can access the presentation via a provided link, and a recorded version will be available after the event. CleanSpark focuses on energy solutions and digital currency mining while navigating potential risks that could impact future growth, including market demand and global events.
CleanSpark, Inc. (Nasdaq: CLSK) has announced significant updates to its Bitcoin mining and energy business units. The company now produces approximately 6 Bitcoins daily, with plans to increase to 9.3 Bitcoins per day by deploying additional mining units. CleanSpark's Bitcoin mining has achieved a potential annual revenue run rate of $136 million. In July, it integrated over 180 microgrid batteries, boosting its energy revenue significantly. However, it anticipates reporting losses due to Bitcoin volatility and one-time expenses.
CleanSpark, Inc. (Nasdaq: CLSK) announced its participation in Mining Disrupt® on July 21, 2021, in Miami, Florida, exhibiting its CleanBlok operation, which focuses on carbon-free cryptocurrency mining. The company emphasizes energy optimization through advanced software and microgrid technologies. CleanSpark aims to address the environmental issues of cryptocurrency mining while driving returns on energy investments. CEO Zachary Bradford underlined the company's commitment to responsible mining practices and innovation in energy solutions.
CleanSpark (Nasdaq: CLSK) announces CEO Zach Bradford will participate in the Water Tower Research Virtual Conference on July 14, 2021, at 11:30 AM EDT. The discussion will cover topics such as increasing Bitcoin mining hashrate, the effects of China's Bitcoin ban, and CleanSpark's carbon-neutral mining strategy. Additionally, Executive Chairman Matthew Schultz will present at the Renmark Virtual Roadshow on July 15, 2021, at 12:00 PM EDT. Interested investors can register for both events via the provided links.
CleanSpark has successfully launched a solar and storage microgrid project in San Diego that achieved a 75-80% reduction in monthly energy costs for its customer, WS Display, in the first month. The mPulse control system was approved by SDG&E for managing operations and exporting energy. The installation includes 1,200 solar panels and a 250KW Battery Energy Storage System. The project has not only contributed to substantial cost savings but also aligns with the goals of cleaner energy solutions.
CleanSpark (Nasdaq: CLSK) is expanding its Bitcoin mining operations with the appointment of Bernardo Schucman as Senior VP of its Atlanta center. Effective June 28, 2021, CleanSpark will join the Russell 2000 index, a significant milestone reflecting its growth. Schucman, a veteran in Bitcoin mining with over 20 years of tech experience, will lead the company’s initiatives. CleanSpark has exceeded 400 PH in hashrate capacity and mined over 341 Bitcoin since acquiring ATL Data Centers. The inclusion in the Russell 2000 allows access to a broader investor base, managing $10.6 trillion in assets.
CleanSpark, Inc. (Nasdaq: CLSK) announced participation in the Water Tower Research Virtual Conference on June 7, 2021, at 1:00 pm ET, featuring CEO Zach Bradford and Executive Chairman Matt Schultz. Key topics include recent partnership agreements and developments in energy and Bitcoin operations. The event will also discuss CleanSpark’s role in 'Think Microgrid'. Investors can register for the live event or access a replay. CleanSpark focuses on advanced software solutions and operates Bitcoin mining facilities in Georgia.
FAQ
What is the current stock price of Cleanspark (CLSK)?
What is the market cap of Cleanspark (CLSK)?
