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. Additional updates about the expansion are posted from time-to-time on the Company’s Twitter feed, CleanSparkĬleanSpark (NASDAQ: CLSK) is America’s Bitcoin Miner™. The planned expansion will add over 6 EH/s to CleanSpark’s mining operations. Crews are making headway in prepping the land for the Company’s expansion at its Sandersville site. Racking has begun and energization is expected to begin in the second half of June. Miners are arriving daily with all units expected to be at the facility by the end of the month. The 50MW expansion continues to track according to projected timelines, despite a series of rain delays that temporarily slowed down progress. May daily BTC mined averaged 19.6 and reached a high of 29.6, due to a brief period of unusually high transaction fees. Sales of BTC equated to proceeds of approximately $12.9 million. The Company funded growth and operations through the sale of 471 bitcoins in May 2023 at an average of approximately $27,400 per BTC. Total BTC converted for operations and growth in May: 471Ĭurrently deployed fleet of about 67,196 latest-generation bitcoin miners with a hashrate of 6.7 EH/s Since then, transaction fees have normalized.” At its peak, our bitcoin production jumped to nearly 30 bitcoins in a single day, almost double our normal daily production of about 18 bitcoins. For about five days in May, fees were elevated because of increased interest in ordinals on the blockchain. “Additionally, the amount of bitcoin we mined this month exceeded expectations, largely due to increases in operational efficiency and a brief, albeit significant, increase in transaction fees. Importantly, we achieved this milestone with the bulk of our expansion expected to come later this year. “Not only do we continue to increase the amount of bitcoin in our treasury, but we also surpassed $100 million in revenue for our fiscal year to date. “We achieved a significant milestone during the month of May,” said Zach Bradford, CEO. (Nasdaq: CLSK), America’s Bitcoin Miner™, today released its unaudited bitcoin mining and operations update for the month ending May 31, 2023. LAS VEGAS, J(GLOBE NEWSWIRE) - CleanSpark Inc. The Company’s bitcoin holdings grew 44% Bitcoin mined increased 16% in May, to 609 BTC
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