626 bitcoin mined and 40 EH/s
surpassed in operating hashrate
More than 8% fleet efficiency improvement
month over month
LAS
VEGAS, Feb. 4, 2025 /PRNewswire/ -- CleanSpark,
Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the
"Company"), today released its unaudited bitcoin
mining and operations update for the month ending January 31, 2025.
"CleanSpark powered through January, continuing to improve
efficiency and reach new milestones despite historic weather events
across several of our regions. We crossed the 40 EH/s milestone,
achieved more than 10,500 bitcoin held in treasury,
and celebrated the five-year anniversary of our uplisting on Nasdaq
by ringing the bell last week," said Zach
Bradford, CEO and President of CleanSpark. "Now, the entire
team is focused on executing our path to 50 EH/s and building on
our top three position across operating hashrate, marginal cost per
coin, fleet efficiency, bitcoin held, and total
uptime. This month we saw our interruptible power contracts in
action as we curtailed portions of the portfolio during extreme
cold weather events. We demonstrated our ability to support our
utility and community partners, specifically during the coldest
five days, and the benefit to our broad regional portfolio strategy
by mitigating downtime in the Southeast with limited interruption
across our other regions. Despite the weather, construction in
Tennessee, Georgia, and Wyoming continues as we march toward our
midyear goal."
January Bitcoin Mining Update
(unaudited)
- Bitcoin produced in January: 626
- Total bitcoin holdings as of January 31: 10,556
- Month-end operating hashrate: 40.1 EH/s
- MW under contract: 873 MW1
- Month-end fleet efficiency: 16.15 J/Th
- Total bitcoin sold in January: 22.47
- Deployed fleet: 217,272
- CY2025 bitcoin produced: 626
Throughout January 2025, the
Company's average hashrate was 34.76 EH/s and average fleet
efficiency was 17.37 J/Th, resulting in an average of 20.19
bitcoin mined daily. The single day high reached 22.89
bitcoin. The Company sold 22.47 bitcoin
during January 2025 at an average
price of approximately $100,412 per
bitcoin.
1MW includes all contracted power capacity for wholly
owned sites and excludes contracted capacity through hosting
agreements and/or other non-binding arrangements.
Additional Updates
Twin City, Georgia. A new 12 MW site in
Georgia housing S21 Pro miners is
almost fully online, with approximately 0.7 EH/s contributing to
CleanSpark's operating hashrate. The remaining 0.1 EH/s is expected
to come online in the coming weeks.
Cheyenne, Wyoming: We
are actively deploying in our technologically advanced immersion
environment and remain on track for completion in this quarter.
Full deployment is expected to contribute 5 EH/s to CleanSpark's
most efficient hashrate once fully energized using the latest
generation S21 XP Immersion machines.
About CleanSpark
CleanSpark (Nasdaq: CLSK), America's
Bitcoin Miner®, is a market-leading, pure play
Bitcoin miner with a proven track record of success.
We own and operate a portfolio of mining facilities across
the United States powered by
globally competitive energy prices. Sitting at the intersection of
Bitcoin, energy, operational excellence and capital
stewardship, we optimize our mining facilities to deliver superior
returns to our shareholders. Monetizing low-cost, high reliability
energy by securing the most important finite, global asset –
Bitcoin – positions us to prosper in an ever-changing
world. Visit our website at www.cleanspark.com.
Forward-Looking Statements
This press release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. In this press release,
forward-looking statements include, but may not be limited to,
statements regarding the Company's expectations, beliefs, plans,
intentions, and strategies. In some cases, you can identify
forward-looking statements by terms such as "may," "will,"
"should," "expects," "plans," "anticipates," "could," "intends,"
"targets," "projects," "contemplates," "believes," "estimates,"
"forecasts," "predicts," "potential" or "continue" or the negative
of these terms or other similar expressions. The forward-looking
statements are subject to a variety of known and unknown risks,
uncertainties and other important factors that may cause our actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements, including, but not
limited to: completion and performance of Jackson, Tennessee, Cheyenne, Wyoming, and Twin City, Georgia data centers; anticipated
additions and targets to CleanSpark's hashrate and the timing
thereof; the risk that the electrical power available to our
facilities does not increase as expected; the success of its
digital currency mining activities; the volatile and unpredictable
cycles in the emerging and evolving industries in which we operate;
increasing difficulty rates for bitcoin mining;
bitcoin halving; new or additional governmental
regulation; the anticipated delivery dates of new miners; the
ability to successfully deploy new miners; the dependency on
utility rate structures and government incentive programs;
dependency on third-party power providers for expansion efforts;
the expectations of future revenue growth may not be realized; 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 for the fiscal year ended September 30, 2023, and any subsequent filings
with the SEC. Forward-looking statements contained herein are made
only as to the date of this press release, and we assume no
obligation to update or revise any forward-looking statements as a
result of any new information, changed circumstances or future
events or otherwise, except as required by applicable law.
Investor Relations Contact
Barbara Domingo
702-989-7693
ir@cleanspark.com
Media Contact
Eleni Stylianou
702-989-7694
pr@cleanspark.com
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SOURCE CleanSpark, Inc.
