SALT LAKE CITY, Aug. 10, 2021 /PRNewswire/ -- CleanSpark, Inc.
(Nasdaq: CLSK) (the "Company" or "CleanSpark"), a clean Bitcoin
mining and diversified software and services company, today
announced that it has closed on its acquisition of an additional
nearly 87,000 square foot data center in Norcross, Georgia, to substantially increase
the Company's Bitcoin mining operation.
CleanSpark's Newest 20MW Bitcoin Mining Facility Expected to Boost
Total Daily Bitcoin Production to 18 BTC Per Day.
The $6.55M purchase of the former
Sprint/Nextel data center situated on over 7 acres in Norcross, Georgia closed on August 6, 2021. The facility, located 33 miles
from the current ATLData Center and CleanBlok operations in
Atlanta, will provide 20 MW of
additional power to CleanSpark's mining business with the
opportunity for significant expansion. The Company expects to
complete the installation of the mining infrastructure and have the
miners running by late 2021.
The new facility's mining operations are expected to operate at
100% net carbon-neutral, achieved through its participation in
Georgia's Simple Solar
program. The program allows CleanSpark to offset any
carbon-based energy included in the regional energy mix with solar
power. The Company also anticipates adding onsite renewables,
including rooftop and ground mount solar and other microgrid energy
solutions.
CleanSpark President and CEO Zach
Bradford said, "This facility, with its 20 MW of power, will
allow us to put over 6,000 additional S19s into operation. It is
expected to produce over 650 PH/s upon installation. Based on
current difficulty rates, this processing power would result in an
additional 5 to 6 bitcoins per day. This, along with our other
initiatives, is expected to result in 2.0 EH/s by the end of 2021,
which, at current difficulty rates would result in 17 to 18 bitcoin
per day."
Bradford continued, "We have been working on a number of
opportunities to increase our Bitcoin production capabilities,
including energy expansion in Atlanta, our partnership with Coinmint, and
now the purchase of this facility to increase the total energy
capacity in our portfolio. We have over 23,500 S19 ASICS miners
that will be delivered over the coming year—planning for
responsible energy expansion has been paramount. Our focus on ESG
has been at the forefront of all our efforts and we expect to lead
sustainable practices in the industry. CleanSpark now directly owns
and operates facilities that will bring a combined 70MW of 95%-plus
carbon-free energy capacity, with the ability to further
expand."
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 an energy technology
and clean Bitcoin mining Company that is focused on solving modern
energy challenges.
For more information about the Company, please visit the
Company's website at https://www.cleanspark.com/investor-relations
.
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, operating results, business strategy, partnership with
Coinmint, deployment of miners, digital currency mining activities,
the growth of its facilities 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: 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 success of its digital currency mining activities; 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.
Contacts:
Investor Relations:
CleanSpark,
Inc.
Investor Relations
(801) 244-4405
Press:
Trish
DaCosta
KCD PR
Cleanspark@kcdpr.com
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SOURCE CleanSpark, Inc.