![]() ![]() The 50MW expansion continues to track according to projected timelines, despite a series of rain delays that temporarily slowed down progress. May daily BTC mined averaged 19.6 and reached a high of 29.6, due to a brief period of unusually high transaction fees. Sales of BTC equated to proceeds of approximately $12.9 million. The Company funded growth and operations through the sale of 471 bitcoins in May 2023 at an average of approximately $27,400 Total BTC converted for operations and growth in May: 471Ĭurrently deployed fleet of about 67,196 latest-generation bitcoin miners with a hashrate of 6.7 ![]() Since then, transaction fees have normalized.” At its peak, our bitcoin production jumped to nearly 30 bitcoins in a single day, almost double our normal daily production of about 18 bitcoins. For about five days in May, fees were elevated because of increased interest in ordinals on the blockchain. ![]() “Additionally, the amount of bitcoin we mined this month exceeded expectations, largely due to increases in operational efficiency and a brief, albeit significant, increase in transaction fees. Importantly, we achieved this milestone with the bulk of our expansion expected to come later this year. “Not only do we continue to increase the amount of bitcoin in our treasury, but we also surpassed $100 million in revenue for our fiscal year to date. “We achieved a significant milestone during the month of May,” said Zach Bradford, CEO. (Nasdaq: CLSK), America’s Bitcoin Miner™, today released its unaudited bitcoin mining and operations update for the month ending May 31, 2023. LAS VEGAS, J(GLOBE NEWSWIRE) - CleanSpark Inc. For more information about CleanSpark, please visit our website atĬleanSpark Provided by GlobeNewswire via QuoteMedia CleanSpark is a Forbes 2022 America’s Best Small Company and holds the 44th spot on the Financial Times’ List of the 500 Fastest Growing Companies in the Americas. We cultivate trust and transparency among our employees, the communities we operate in, and the people around the world who depend on Bitcoin. We strive to leave the planet better than we found it by sourcing and investing in low-carbon energy, like wind, solar, nuclear, and hydro. In 2020, we transitioned that expertise to develop sustainable infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Since 2014, we’ve helped people achieve energy independence for their homes and businesses. Wainwright representative.ĬleanSpark (Nasdaq: CLSK) is America’s Bitcoin Miner™. To learn more or show interest please contact your H.C. Wainwright 25th Annual Global Investment ConferenceĬleanSpark Executive Chairman Matthew Schultz and Chief Financial Officer Gary Vecchiarelli To learn more or show interest please contact your Wells Fargo representative. To learn more or show interest please contact your Cantor Fitzgerald representative.Īnnual FinTech, Information & Business Services Forum Panel Presentation: Resilience of Bitcoin Mining, June 14, 2023, 12:15 p.m. (Nasdaq: CLSK), America’s Bitcoin Miner™, today announced that Executive Chairman Matthew Schultz and Chief Financial Officer Gary Vecchiarelli will meet with investors and present at conferences this summer to discuss the Company’s operational efficiency and growth strategy.ĬleanSpark Executive Chairman Matthew Schultz
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