CleanSpark Releases December 2022 Bitcoin Mining Update

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LAS VEGAS, Jan. 04, 2023 (GLOBE NEWSWIRE) -- <a target="_blank" href="https://www.globenewswire.com/Tracker?data=D5zJEI0h23S4BokqDDmCG-04Vqib7blS3EuWJu9itLN7Oqy4BTgDZFn-tlmOt-VtaMbv4Lzg9KXDjq9cMbcOxA==" rel="nofollow noopener">CleanSpark, Inc.</a> (Nasdaq: CLSK) (the "Firm" or "CleanSpark"), America’s Bitcoin Miner™, at this time launched its unaudited bitcoin mining and operations replace for the month ending December 31, 2022. “Calendar yr 2022 has been an unimaginable yr of progress for CleanSpark and I’m so grateful to the groups which have made all of it attainable. Amongst our many accomplishments this yr, I’m most pleased with rising our annual bitcoin manufacturing by over 200% as we expanded our fleet and the variety of mining campuses we personal and function all through Georgia,” mentioned Zach Bradford, CEO. “These accomplishments had been helped alongside by a capital technique that allowed us to take full benefit of the bear market, making us one of many few public miners to dramatically broaden our fleet. Even on this down market, we're dedicated to the promise of bitcoin and are proud to be a part of the worldwide community that retains it safe for tens of millions of customers internationally.“This yr’s unimaginable progress was marginally impacted by winter storm Elliot. It pressured us to curtail for a couple of days for the protection of our folks and our infrastructure, and to guard the general public good by making certain grid stability throughout essentially the most dramatic temperatures brought on by the polar vortex. Whereas we didn't know precisely when the freezing temperatures would hit, they weren’t sudden, so we had been capable of put together our operations nicely prematurely. That preparation allowed us to securely energy down our operations and to subsequently expertly handle our bitcoin manufacturing margins in response to unusually excessive energy charges and the intense chilly. The general impact was a slight decline in our month-to-month manufacturing from November. Since final week, all machines are again up and working at our full fleet capability of 6.2 EH/s.”December Bitcoin Mining Replace (unaudited)<ul><li>Bitcoin mined in December: 464</li><li>2022 Calendar yr bitcoin mined: 4,621</li><li>Whole BTC holdings as of December 31: 228</li><li>Whole BTC transformed for operations and progress in December: 517</li><li>Presently deployed fleet of about 63,700 latest-generation bitcoin miners with a hashrate of 6.2 EH/s, up 13% from November 2022 and up 225% from December 2021</li></ul>The Firm funded progress and operations by the sale of 517 bitcoins in December 2022 at a mean of roughly $17K per BTC. Gross sales of BTC equated to proceeds of roughly $8.7 million. December each day BTC mined averaged about 15 and reached a excessive of twenty-two.Operational UpdatesWinter Storm Elliot. A extreme climate occasion in late December impacted a lot of the Firm’s operations in Georgia, forcing the powering down of 98% of its machines from December 23 to mid-day December 28. The fleet was regularly powered again on when temperatures and humidity made it secure to take action. Whereas the Firm’s Norcross web site, which deploys indoor immersion cooling, was not instantly impacted by the climate, the Firm’s dedication to curbing for the general public good mixed with the variable energy charges related to the ability, resulted in these machines additionally coming offline. Along with the Firm’s Georgia amenities, there was additionally an impression to its hosted machines in upstate New York throughout the identical interval. CleanSpark carefully displays extreme climate occasions for the well being and security of its groups, infrastructure, and the higher grid. About CleanSpark CleanSpark (NASDAQ: CLSK) is America’s bitcoin miner. Since 2014, we’ve helped folks obtain vitality independence for his or her properties and companies. In 2020, we transitioned that experience to develop sustainable infrastructure for Bitcoin, an important instrument for monetary independence and inclusion. We try to depart the planet higher than we discovered it by sourcing and investing in low-carbon vitality, like wind, photo voltaic, nuclear, and hydro. We domesticate belief and transparency amongst our workers, the communities we function in, and the folks all over the world who rely on Bitcoin. CleanSpark holds the forty fourth spot on the Monetary Instances' 2022 Record of the five hundred Quickest Rising Firms within the Americas and ranks thirteenth on Deloitte’s Quick 500. For extra details about CleanSpark, please go to our web site at <a target="_blank" href="https://www.globenewswire.com/Tracker?data=UUUt1gCmo-uf0QRTWKK5AL5lQIFST18M05KSPbGllNErVcV7adj1MdB1u2CUwOix5Ce2QoEaCuXL9SH4P0_XQAGPNLzB2DxACkPiQIT-Ee4=" rel="nofollow noopener">www.cleanspark.com</a>.Investor Relations Contact: Matt Schultz<a target="_blank" href="https://www.globenewswire.com/Tracker?data=w5v4Vz9lMztQVbh-zea97OegFAr8wddIyJLqlv_EndgJ3qmOiz4J1ifqQuuzDbLX9Inzq0UqJ4rIyJQzBpIQ5Q==" rel="nofollow noopener">ir@cleanspark.com</a>Media Contacts: Isaac Holyoak <a target="_blank" href="https://www.globenewswire.com/Tracker?data=vEbKSEYyitQQvm74zMXdrYAdJwODDVbYvK7KVohE3La31oEGwZWS9adRR2JAFVqCLGYYJKLQF_w0V4UiQZlqLA==" rel="nofollow noopener">pr@cleanspark.com</a> BlocksBridge ConsultingNishant Sharma<a target="_blank" href="https://www.globenewswire.com/Tracker?data=4ZqQbxb9Iwi-f7FO89MruB6rg_abVx_6lMlNAW6lnBJkumrID2PDA7zmVsOIxtaJ7eGt8X9-T9BRivJ7gCSHY0nLRGyS1WRNpLEpZh3upMFRe_a1mwQ38fTTKpqElsZs" rel="nofollow noopener">cleanspark@blocksbridge.com</a>Isaac Holyoak CleanSpark Inc. 702-989-7694 <a target="_blank" href="https://www.bakersfield.com/content/tncms/live//mailto:pr@cleanspark.com" rel="noopener">pr@cleanspark.com</a>

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