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 Inc. (Nasdaq: CLSK), America's Bitcoin Miner®, has announced the restoration of normal operations following the impact of Hurricane Helene. The company's hashrate has now reached 28.7 EH/s, after 365 MW of power was temporarily shut down due to the hurricane. CEO Zach Bradford expressed gratitude to employees and utility workers for their efforts in restoring power to both the surrounding communities and the affected facilities. He emphasized the importance of their work in swiftly and safely bringing power back online while prioritizing the energy needs of the local community.
CleanSpark Inc. (Nasdaq: CLSK) released its unaudited bitcoin mining and operations update for September 2024, marking the end of fiscal year 2024. The company achieved significant growth, increasing its hashrate by 187% to 27.6 EH/s and operational capacity by 132% to 552 MW at wholly-owned sites. CleanSpark's bitcoin treasury exceeded 8,000, a 258% increase from FY2023.
Key highlights include:
- 493 bitcoin mined in September
- 7,098 bitcoin mined in FY2024
- 8,049 total bitcoin holdings as of September 30
- 188,520 deployed fleet with 21.94 J/Th efficiency
- 27.6 EH/s month-end operating hashrate
The company expanded operations in Georgia, Tennessee, Wyoming, and Mississippi, with plans to reach 30 EH/s in October 2024 and a forecasted growth to 50 EH/s and beyond in FY2025. CleanSpark also navigated challenges, including Hurricane Helene, and made strategic decisions such as not renewing its hosting agreement with Coinmint.
CleanSpark Inc. (Nasdaq: CLSK) has provided an update on the impact of Hurricane Helene on its operations. CEO Zach Bradford expressed condolences to affected communities and praised the resilience of employees and local communities. All team members are reported safe. The company maintained approximately 10.5 EH/s at unaffected sites during the storm.
CleanSpark shut down 365 MW of its Southeast Georgia sites as the hurricane approached. Within 24 hours, they restored hashrate to over 17.5 EH/s. Currently, 200 MW have been brought back online, with the remaining 165 MW expected to be operational within a week. The company's current hashrate is approximately 22 EH/s, with an expected return to 28 EH/s once fully operational.
No material damage to site infrastructure or mining servers has been reported.
CleanSpark Inc. (Nasdaq: CLSK) has announced the acquisition of two Bitcoin mining sites near Clinton, Mississippi, for a combined price of $5.775 million. These sites will support 16.5 MW and are expected to be operational by December 1, 2024, housing S21 pro miners with a combined hashrate of approximately 1 EH/s. This addition brings CleanSpark's data center portfolio in Mississippi to 60.5 MW.
Additionally, the company has closed on a previously announced 45 MW site in Wyoming, which is expected to contribute an additional 3 EH/s to CleanSpark's hashrate. This site will feature immersion-cooled Bitcoin mining data centers supporting S21 immersion XPs. With these acquisitions, CleanSpark's operational capacity has increased by 211.5 MW in the past week, representing a 38% growth. The company aims to reach 37 EH/s by the end of 2024 and 50 EH/s in 2025.
CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner®, has announced significant expansions and acquisitions that have boosted its hashrate to over 26 EH/s. The company has recently energized the final 50 MW phase of its 150 MW expansion in Sandersville, GA, and completed expansions in Dalton, along with acquiring seven facilities in Tennessee. These developments have increased the company's capacity by 65 MW and 3.2 EH/s. CEO Zach Bradford expects CleanSpark's hashrate to reach 37 EH/s before the end of 2024, highlighting the rapid growth and successful partnerships with local communities.
CleanSpark Inc. (Nasdaq: CLSK) has announced the acquisition of seven bitcoin mining facilities in the Knoxville, Tennessee area for $27.5 million. This strategic move is expected to add over 85 MW of immediately available capacity and increase the company's hashrate by 5 EH/s, boosting its current capacity by over 22%. The acquisition is set to close by September 25, 2024.
With this expansion, CleanSpark anticipates reaching 37 EH/s before the end of 2024, up from its previous 23 EH/s. The company plans to install the latest generation S21 pro miners, which have already arrived. CEO Zach Bradford highlighted the strategic timing of mining server purchases, allowing CleanSpark to capitalize on market opportunities and fill newly acquired data center space efficiently.
CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner®, released its unaudited bitcoin mining update for August 2024. The company mined 478 bitcoin and increased its total operating hashrate by 1.4 EH/s. Key highlights include:
- Month-end operating hashrate: 22.6 EH/s
- Deployed fleet: 163,648 miners
- Fleet efficiency: 22.70 J/Th
- Total bitcoin holdings: 7,558
- Bitcoin sold in August: 2.50 at ~$56,729 per bitcoin
CleanSpark expects 65 MW of additional data center capacity to come online in September, with expansions in Dalton (15 MW) and Sandersville (50 MW). The company is also progressing on projects in Wyoming and Tennessee, including the planned acquisition of GRIID Infrastructure Inc.
CleanSpark (NASDAQ: CLSK) reported its Q3 FY2024 financial results, showing significant growth and strategic decisions. Revenue increased 129% year-over-year to $104.1 million, despite a 50% reduction in block rewards due to Bitcoin halving. The company mined 1,583 bitcoins during the quarter. However, CleanSpark reported a net loss of $236.2 million, primarily due to non-cash factors including an unfavorable mark-to-market on bitcoin holdings and an impairment on older miners.
CleanSpark's current hashrate surpassed 22 EH/s, with a 24% increase during the quarter and a 21% improvement in efficiency year-to-date. The company is expanding into Tennessee and Wyoming. CleanSpark also partnered with Coinbase for a $50 million revolving line of credit collateralized by bitcoin holdings. As of June 30, 2024, CleanSpark had $129.2 million in cash, $413 million in bitcoin, and total assets of $1.48 billion.
CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner®, has announced a change in the date and time for its fiscal third quarter 2024 financial results webcast. The new schedule is set for August 9, 2024, at 4:30 PM ET / 1:30 PM PT. Interested parties can access the webcast through a provided link. For those preferring a conference call, North American participants can use the toll-free number (888) 330-2137, while international callers should dial +1 (646) 960-0143. The conference ID is 1382915. CleanSpark will make downloadable files, including transcripts, available on their company website 48 hours after the event.
CleanSpark (Nasdaq: CLSK), a major Bitcoin mining company in America, announced the postponement of its fiscal third-quarter 2024 financial results webcast. Originally scheduled for August 8, 2024, at 4:30 PM ET, this event has been delayed. The company plans to release an updated time and webcast details at a later date.