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. This strategy, coupled with the Company’s proprietary mining model, has allowed CleanSpark to achieve one of the highest hashrate realization rates among its peers since January 2022.ĬleanSpark (Nasdaq: CLSK) is America’s Bitcoin Miner™. Securing XPs at these prices means we have one less variable in our capital expenditure equation and puts us well on our way to achieving our year end guidance of 16 EH/s.”ĬleanSpark mines bitcoin predominantly with low-carbon energy sources, which account for over 90% of its energy mix, and continues to follow a balanced capital management strategy by selling a portion of its mined bitcoins to reinvest in growth. “That ability is premised on a capital strategy which maintains flexibility as its core tenant and allows us to capitalize on accretive opportunities, such as this transaction, in the marketplace. “In addition to securing the majority of ASICs needed to reach our guidance, this deal demonstrates, yet again, our ability to make timely purchases based on ROI metrics,” said Gary Vecchiarelli, CleanSpark’s CFO. They are expected to be energized later this quarter, adding an additional 2.44 EH/s of machines to CleanSpark’s operational hashrate.
Those machines are fully paid for and in the process of being delivered to the Company’s Washington facility. This most recent miner purchase is in addition to a 20,000 machine purchase announced in February.
CLEANSPARK CRYPTO FULL
With approximately 99% of the required servers secured, we have addressed a key variable and can turn our full attention to the build-out of infrastructure at our campuses.” This is an important step toward our target of 16 EH/s by year end. Securing these units under contract provides us with approximately 15.9 EH/s of machines on hand or under contract for delivery this year. We have chosen other units such as the S19 jPro+ over the S19 XP in the past because we believed the gap would close on the delta between the ROI of other units and the XP. “This bear market,” Bradford continued, “has continued to provide us with opportunities to maximize ROI including the opportunity to purchase the industry’s best miner at an industry leading price.
The machines will be deployed in multiple batches as they arrive on site and new rack-space becomes available, with all machines expected to be fully operational before year-end.
The Company plans to deploy all of the acquired units at its bitcoin mining facility in Sandersville, Georgia, which is currently undergoing a planned 150 megawatts (MW) expansion. “As bitcoin’s halving draws closer, our focus on operational efficiency, our technical expertise, and our treasury management strategy, will all play a crucial role in solidifying CleanSpark’s position among the top bitcoin mining companies in America.”Īccording to the purchase agreement, the manufacturer will prepare 25,000 of the 45,000 units for delivery in August, while the remaining 20,000 units are expected to be ready for delivery in September. “The Antminer S19 XP is the most power-efficient bitcoin mining machine available in the market today, and a key component in our continuing work to build some of the most efficient bitcoin mining facilities in the country,” said Zach Bradford, CEO of CleanSpark. (Nasdaq: CLSK), America’s Bitcoin Miner™, today announced a purchase of 45,000 brand-new units of the Antminer S19 XP bitcoin mining machines for a total price of $144.9 million.Īll units are expected to be ready for delivery by the manufacturer before September end, adding, once deployed, over 6.3 exahashes per second (EH/s) of computing power to the company’s current hashrate of 6.7 EH/s, a 95% increase. LAS VEGAS, Ap(GLOBE NEWSWIRE) - CleanSpark Inc.
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