SALT LAKE CITY, March 26, 2021 /PRNewswire/ -- CleanSpark,
Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"),
a diversified software, services, and Bitcoin mining company,
today announced the order of 4,778 additional Bitmain S19 model
Bitcoin mining rigs. The Company expects to receive 1,298 of the
units for deployment in summer 2021 and the remaining 3,480 units
in twelve equal monthly shipments starting in November
2021. These rigs are expected to deliver an estimated 740 PH/s
of additional mining capacity. CleanSpark also purchased 48
custom-designed mobile mining data centers to house the units. The
Company also updated current energy data on the carbon impact of
its facility, progressing towards the stated goal of being the
lowest energy cost, cleanest Bitcoin miner in the United States.
CleanSpark Announces 95% Carbon-Free Bitcoin Mining Success.
CleanSpark 's local power supplier provided data to the Company
this week on the current energy mix provided to its facilities. The
sources of power are comprised of nuclear power, hydro-electric
power, and solar, resulting in 95% of the electricity utilized for
mining to qualify as carbon-free, with only 5% of the supply
provided by coal. Within the coming quarter, it is expected that 3%
of the energy, currently provided from coal will be taken off-line
and replaced with carbon-free sources, such as solar. As a result,
the Company expects to be mining Bitcoin with more than 98%
Carbon-Free power. CleanSpark plans to install onsite renewable
microgrids to further reduce its carbon footprint with a goal of
off-setting the remaining coal sources to effectively mine Bitcoin
carbon-free.
CleanSpark currently operates Bitcoin mining rigs capable of
processing approximately 315 PH/s within its Atlanta complex, and as previously announced,
it intends to reach between 1.0 and 1.3 EH/s by the end of summer,
2021.
Zach Bradford, CleanSpark's Chief
Executive Officer stated, "Matthew
Schultz, Lori Love and I
spent this week at our Atlanta, GA
facilities, working alongside our team with electrical,
engineering, procurement and construction professionals to ensure
our growth plans are completed on time. We're fortunate to
have the available acreage to maximize the value of our unique
power agreement in a region so conducive to carbon free power
sources. With capital provided by the funding completed last week,
we've focused aggressively on securing additional locations,
miners, and facilities to rapidly expand our Bitcoin operations.
The CleanSpark mining operations team is led by world-renowned
operators, so identifying opportunities close enough geographically
to leverage the knowledge base of our team has been a priority. We
are extremely proud to have CleanSpark achieve what we believe to
be the only Bitcoin miner to achieve 95% carbon-free operations at
scale in the United States. We
have a goal of pushing it further to achieve full carbon neutrality
in the coming years."
Parties interested in learning more about CleanSpark products
and services are encouraged to inquire by contacting the Company
directly at info@cleanspark.com or visiting the Company's website
at www.cleanspark.com.
About CleanSpark:
CleanSpark, Inc., a Nevada corporation, is in the
business of providing advanced software, controls and technology
solutions to solve modern energy challenges. CleanSpark has a suite
of software solutions that provides end-to-end microgrid energy
modeling, energy market communications, and energy management
solutions. CleanSpark's offerings consist of intelligent energy
monitoring and controls, intelligent microgrid design software,
middleware communications protocols for the energy industry, energy
system engineering, custom hardware solutions, microgrid
installation and implementation services, traditional data center
services and software consulting services.
The Company and its subsidiaries also own and operate a fleet of
Bitcoin miners at its facility outside
of Atlanta, Georgia.
For more information about the Company, please visit the
Company's website at https://ir.cleanspark.com/.
Forward-Looking Statements:
This release contains forward-looking statements as defined in
the Private Securities Litigation Reform Act of 1995, including
statements regarding the Company's plans and expectations for
expansion of its energy initiatives, deployment of miners, the
growth of the facility and other statements regarding the
expectations, beliefs, plans, intentions and strategies of the
Company. The Company has tried to identify these forward-looking
statements by using words such as "expect," "target," "anticipate,"
"believe," "could," "should," "estimate," "intend," "may," "will,"
"plan," "goal" and similar terms and phrases, but such words, terms
and phrases are not the exclusive means of identifying such
statements. Actual results, performance and achievements could
differ materially from those expressed in, or implied by, these
forward-looking statements due to a variety of risks, uncertainties
and other factors, including, without limitation: delays in
equipment and battery energy storage systems availability and
delivery, the successful deployment of energy solutions for
residential and commercial applications, the fitness of the
Company's energy hardware, software and other solutions for this
particular application or market, the expectations of future
revenue growth may not be realized, ongoing demand for the
Company's software products and related services, the impact of
global pandemics (including COVID-19) on the demand for our
products and services; 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 and any
subsequent filings with the SEC. You are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date hereof, and we undertake no obligation to
revise or update this press release (including any forward-looking
statements contained herein) to reflect events or circumstances
after the date hereof.
Contact - Investor Relations:
CleanSpark, Inc.
Investor Relations
(801)-244-4405
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SOURCE CleanSpark, Inc.