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. All statements other than statements of historical facts contained in this press release may be forward-looking statements. 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 completion of the acquisition Mawson’s bitcoin mining facility, the resulting anticipated benefits to CleansSpark (including as to anticipated additions to CleanSpark’s hashrate and the timing thereof) and plans to expand the facility. The Company expects to meet its 2023 year-end guidance of 22.4 EH/s, an achievement that would make it one of the largest publicly-traded bitcoin mining companies in the world. CleanSpark reached its year-end guidance of 5 EH/s ahead of schedule earlier this month and has since raised its year-end guidance to 5.5 EH/s. It has four owned and operated facilities, about 50,000 bitcoin mining machines operational, and a daily production high of 19.2 bitcoin. for an immersion cooling expansion.ĬleanSpark mines predominantly with renewable or low-carbon sources of energy. The Company kicked off the summer in June with a purchase contract takeover of 1,800 Antminer S19 XP units and a partnership with TMGCore Inc. During the month of July, CleanSpark acquired 1,061 substantially discounted Whatsminer machines that increased mining capacity by 93 PH/s. Those acquisitions came on the heels of several strong summer purchases. And in August the Company acquired a 36MW facility in Washington, Georgia, which included 3,400 machines. In September, the Company bought 10,000 brand-new Bitmain Antminer S19j Pro units. In October, CleanSpark finalized the acquisition of an 80MW facility in Sandersville, Georgia, which included nearly 6,500 mining machines. “Our unwavering focus on sustainability has provided us with a strong balance sheet and operating strategy that has allowed us to acquire machines at incredible prices, grow our hashrate, and increase our daily bitcoin production in anticipation of market conditions improving over the next several months.” “This most recent purchase demonstrates how CleanSpark continues to execute in distressed markets,” said Zach Bradford, CleanSpark CEO. 01, 2022 (GLOBE NEWSWIRE) - CleanSpark Inc. (Nasdaq: CLSK) (the “Company”), America’s Bitcoin Miner™, today announced it acquired 3,843 units of the Antminer S19J Pro bitcoin mining machines for $5.9 million, or approximately $15.50 per terahash, bringing the total number of machines purchased by the Company since bear market conditions began to over 26,500. Total Machines Purchased Since Bear Market Conditions Began in June Now Exceeds 26,500
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