![]() ![]() Needham & Company's flagship conference is one of the country's largest growth stock investing events, with over 375 companies participating in 2023. Interested investors can access CleanSpark's presentation beginning September 15, 2023, by visiting the events page on CleanSpark's website at AIM Summit ( Dubai), October 30 - 31, 2023įireside Chat: CEO and President Zach Bradfordįor more information, visit 26 th Annual Needham Growth Conference ( New York), January 16 - 19, 2024Ĭompany Presentation: Executive Chairman Matthew Schultz and Chief Financial Officer Gary A. Vecchiarelli ![]() Wainwright 25 th Annual Global Investment Conference ( New York), September 11 - 13, 2023Ĭompany Presentation: Executive Chairman Matthew Schultz and CFO Gary A. The conference is open to clients of Needham & Company by invitation only.įor more information, please call (212) 371-8300 or visit H.C. The expansion itself is 150MW and is expected to house 45,000 miners.ģ rd Annual Needham Virtual Crypto Conference, September 7, 2023ĬleanSpark Executive Chairman Matthew Schultz Once finished, the site will be home to 230MW of the most efficient bitcoin mining machines available, making it one of the largest bitcoin mining data centers in the southeastern United States. Materials are arriving on site daily and all ten data centers are expected to be completed later this year. Concrete has been poured for Building 1, and construction on subsequent buildings begins this week. Construction is underway at the Company's newest expansion in Sandersville, GA. August daily BTC mined averaged 21.26 and reached a high of 22.11. ![]() Sales of BTC equated to proceeds of approximately $1.2 million. The Company sold 43 bitcoins in August 2023 at an average of approximately $28,200 per BTC. Total BTC holdings as of August 31: 1,677 That operational prowess has resulted in what we expect is among the best monthly bitcoin production rates of publicly traded miners in North America." ![]() "What's more, we have carefully managed power to achieve substantially high levels of uptime in August, despite historically high levels of rain and very hot weather. "August was another banner month for CleanSpark as the 50MW expansion in Washington saw its first full month at maximum operational hashrate, delivering some of our highest daily production ever," said CleanSpark CEO Zach Bradford. To make up for some of the fossil fuel power used in its facilities, CleanSpark buys "renewable energy credits" through programs like " Georgia's Simple Solar."Įnergy credit programs have, however, been criticized for not truly amounting to a reduction in fossil fuel use.CleanSpark, Inc. While bolstering its fleet will certainly improve CleanSpark's ability to rapidly mine Bitcoin, the firm is also striving “to leave the planet better than we found it.”Įxecuting on this value is easier said than done, however.ĬleanSpark boasts that its mining is largely powered by a renewable energy mix, but also notes that it can't control the energy mix available at certain sites. Bradford suggested that for CleanSpark the next halving is the starting line of the race and that the company is "driving energy into our operational muscles" in preparation for the event.ĬleanSpark's training regimen appears to consist mostly of adding 65,000 more mining computers to their Georgia-based facilities, as well as maintaining low energy costs and building up its Bitcoin reserves.ĬleanSpark is reportedly in the process of adding another 20,000 more Bitmain s19 jPro+ miners to its facility in Washington, GA in the coming months, and an additional 45,000 Bitmain XP miners to another facility in Sandersville, GA, by the end of the year.Īccording to Bradford, the added miners will boost the firm's total hash rate to 15.9 EH/s. ![]()
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