We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act").
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for expansion of the Company's Georgia bitcoin mining facilities, increasing our efficiency, and the resulting anticipated benefits to CleanSpark (including as to anticipated additions to CleanSpark's hashrate and the timing thereof). The planned expansion will add over 6 EH/s to CleanSpark's mining operations. Crews continue to make major headway as they prep the land for CleanSpark's ambitious expansion in Sandersville. Over 14,000 machines are racked and ready to start hashing. The 50MW expansion is expected to energize by the end of the week. An additional 4,500 machines are expected to go live in the coming weeks. Machines are being racked daily, with about 1,500 machines currently online. CleanSpark's newest campus, which consists of two facilities in the town of Dalton, Georgia, began hashing almost immediately after the acquisition was announced in late June. June daily BTC mined averaged 16.4 and reached a high of 17.4.ĭalton. Sales of BTC equated to proceeds of approximately $11.2 million. The Company funded growth and operations through the sale of 413 bitcoins in June 2023 at an average of approximately $27,200 per BTC. Total BTC converted for operations and growth in June: 413Ĭurrently deployed fleet of about 68,678 latest-generation bitcoin miners with a hashrate of 6.7 EH/s
This is a tremendous accomplishment as we work to build some of the finest bitcoin infrastructure in North America." We also anticipate that our recently announced acquisition, two facilities located in Dalton, Georgia, will be fully operational this month. "This was a quarter of execution for us, as we expect the Washington expansion to go live later this week. "We made substantial progress growing our bitcoin holdings this quarter, while continuing to advance our growth plans," said Zach Bradford, CEO.
CleanSpark's bitcoin holdings grew 170% quarter over quarter
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