LAS
VEGAS, Sept. 17, 2024 /PRNewswire/ -- CleanSpark
Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the
"Company") today announced it has acquired two Bitcoin
mining sites and associated land near Clinton, Mississippi, and closed on its second
site in Wyoming.
The Mississippi acquisitions
have a combined purchase price of $5.775
million and will support a total of 16.5 MW. The sites are
currently partially complete and the purchase price includes the
cost to complete construction of the site infrastructure. The site
will be delivered to the Company turnkey ready with an expected
completion date of December 1, 2024.
Upon completion and installation, the site will house S21 pro
miners with an expected combined operating hashrate of
approximately 1 exahashes per second (EH/s). The addition of these
sites will bring the Company's data center portfolio in
Mississippi to 60.5 MW.
On September 11, 2024, the Company
closed on its previously announced 45 MW site in Wyoming. The site is expected to contribute an
additional 3 EH/s to the Company's hashrate upon completion. The
site will feature immersion-cooled Bitcoin mining data
centers which will support the latest generation S21 immersion
XPs.
"Including today's announcement, our operational capacity has
soared over the last seven days totaling 211.5 MW of new capacity.
That's an increase of nearly 38 percent, which will not only
support our target of 37 EH/s by the end of 2024, but also our
target of 50 EH/s in 2025," said Zach
Bradford, CEO. "CleanSpark's rapid growth underscores our
ongoing commitment to deliver long-term shareholder value."
About CleanSpark
CleanSpark (Nasdaq: CLSK) is
America's Bitcoin Miner®. We own and operate
multiple data centers that primarily run on low-carbon power. Our
infrastructure responsibly supports Bitcoin, the
world's most important digital commodity and an essential tool for
financial independence and inclusion. We cultivate trust and
transparency among our employees and the communities we operate in.
Visit our website at www.cleanspark.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. In
this press release, forward-looking statements include, but may not
be limited to, statements regarding the Company's expectations,
beliefs, plans, intentions, and strategies. In some cases, you can
identify forward-looking statements by terms such as "may," "will,"
"should," "expects," "plans," "anticipates," "could," "intends,"
"targets," "projects," "contemplates," "believes," "estimates,"
"forecasts," "predicts," "potential" or "continue" or the negative
of these terms or other similar expressions. The forward-looking
statements are subject to a variety of known and unknown risks,
uncertainties and other important factors that may cause our actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements, including, but not
limited to: the timing of and closing of the 16.5 MW Mississippi
acquisition; the timing of and completion of construction and
energization of the Wyoming data
centers; anticipated additions and targets to CleanSpark's hashrate
and the timing thereof; the risk that the electrical power
available to our facilities does not increase as expected; the
success of its digital currency mining activities; the volatile and
unpredictable cycles in the emerging and evolving industries in
which we operate; increasing difficulty rates for
bitcoin mining; bitcoin halving; new or
additional governmental regulation; the anticipated delivery dates
of new miners; the ability to successfully deploy new miners; the
dependency on utility rate structures and government incentive
programs; dependency on third-party power providers for expansion
efforts; the expectations of future revenue growth may not be
realized; and other risks described in the Company's prior press
releases and in its filings with the Securities and Exchange
Commission (SEC), including under the heading "Risk Factors" in the
Company's Annual Report on Form 10-K for the fiscal year ended
September 30, 2023, and any
subsequent filings with the SEC. Forward-looking statements
contained herein are made only as to the date of this press
release, and we assume no obligation to update or revise any
forward-looking statements as a result of any new information,
changed circumstances or future events or otherwise, except as
required by applicable law.
Investor Relations Contact
Brittany Moore
702-989-7693
ir@cleanspark.com
Media Contact
Eleni Stylianou
702-989-7694
pr@cleanspark.com
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SOURCE CleanSpark, Inc.