LAKE SALT CITY, January 20, 2021 Today / PRNewswire / – CleanSpark, Inc. (Nasdaq: CLSK), (“CleanSpark, or the Company”), an advanced technology and software solutions company focused on solving modern energy challenges, today provided an update on the number of Bitcoins mined. by its wholly owned subsidiary, ATL Data Centers LLC. In the first 40 days since the acquisition of the mine, the Company has generated just over 56 Bitcoins at the close of business, January 19, 2021.
Microgrid Technology Company Updates Bitcoin Mining Results
The Company had previously set out its plan to strategically manage the percentage of coins it holds or sells in accordance with current market conditions and Bitcoin prices. To date, CleanSpark continues to hold about 31 of the 56 Bitcoins it has mined. As the Company observes the end of financial year 9/30, mining revenues to date in FY 2021 have exceeded $ 1.6 Million based on Bitcoin’s daily price at the date they were mined.
The company expects its daily production volumes to continue to increase over the coming weeks as we expand mining production capacity further. CleanSpark plans to update its investors with additional information as the energy and data upgrades progress.
Zach Bradford, President and CEO of CleanSpark said, “We committed to our investors that we would provide regular updates on the status of our Bitcoin mining activities as we proceed with our growth strategy. After 40 days, we are pleased with the results and we look forward to providing further updates on progress towards our stated objectives in the energy space and in Bitcoin mining. Our team is committed to working diligently to maximize shareholder value and we will will continue to update all interested parties as we achieve future milestones. “
Executive Chairman of CleanSpark Matthew Schultz he recently provided investors with insights about mining and other relevant topics at the RenMark Virtual Conference. A recording of the presentation can be viewed HERE.
Parties interested in learning more about CleanSpark products and services are encouraged to inquire by contacting the Company directly at [email protected] or visiting the Company’s website at www.cleanspark.com.
Investors are encouraged to contact the Company at [email protected] or visit the Company’s website at https://ir.cleanspark.com/
CleanSpark, Inc., a Nevada corporation, in the business of providing advanced software and managing technology solutions to solve modern energy challenges. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. Our proposals include intelligent energy monitoring and management, intelligent microgrid design software, middle software communication protocols for the energy industry, energy system engineering, and software consulting services.
Through its wholly owned subsidiary of ATL Data Centers LLC, CleanSpark owns and operates a data center that provides traditional onsite and cloud data center services to customers. The Company also owns a fleet of over 3,400 ASIC (application-specific integrated circuit) miners and operates over 200400 Bitcoin miners producing over 200 PH / s in mining capacity. Capacity is expected to increase to over 300 PH / s in mining capacity in early 2021. CleanSpark plans to apply its technologies with the aim of mining bitcoins at the lowest energy prices in the United States. For more information, visit https://ATL-DATA.com
CleanSpark warns you that statements in this press release that are not a description of historical facts are forward-looking statements. These statements are based on CleanSpark’s current beliefs and expectations. The inclusion of forward-looking statements should not be considered as a representation by CleanSpark that any of our plans will be carried out. Actual results may differ from those set out in this press release because of the risk and uncertainty inherent in our business, including, without limitation: the future value of Bitcoin, the successful use of energy solutions on the data center, the fitness of our energy. software and solutions for this particular application or market, expectations of future revenue growth may not be fulfilled, continued demand for our software products and related services, impact of global pandemics (including COVID- 19) on the demand for our products and services. ; and other risks described in our previous press releases and filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in our Annual Report on Form 10-K and any filing follow-up with the SEC. You are warned not to rely too much on these forward-looking statements, which speak only from this date, and we do not undertake to review or update this statement to press to reflect events or circumstances after this date. Each forward-looking statement is qualified in its entirety by this cautionary statement, made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
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