As Bitcoin Reaches All-time Highs, Sustainable Bitcoin Miner CleanSpark Adds New Miners
20 October 2021 - 10:00PM
CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a
sustainable bitcoin mining and energy technology company, today
announced the purchase of an additional 2,250 units of
the Antminer S19j pro bitcoin (BTC) mining machine.
Delivery of the machines are scheduled to start next month and be
completed by July 2022.
CleanSpark estimates that its sustainable bitcoin
mining capacity will increase by an additional 225 PH/s. The
Company expects to have the data center space for the machines
ready to plug and play in time for each consecutive
delivery. The Company currently operates more than 10,000 miners.
The total number of miners slated for delivery over the next 12
months is now 26,830.
CleanSpark announced earlier this month that it used some of the
Company’s BTC holdings towards the purchase of 4,500 units and
intends to execute a similar strategy for future payments of these
units.
About CleanSpark
CleanSpark, Inc., a Nevada corporation, is a sustainable bitcoin
mining and energy technology 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 logistics and
shipping and 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.
Investor Relations Contact: Matt
Schultzir@cleanspark.com
Media Contacts: Isaac
Holyoak pr@cleanspark.com
BlocksBridge ConsultingNishant
Sharmacleanspark@blocksbridge.com
Isaac Holyoak
CleanSpark, Inc.
pr@cleanspark.com
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