CleanSpark Releases February 2023 Bitcoin Mining Update

[ad_1] <div id="main-body-container" itemprop="articleBody">       LAS VEGAS, March 02, 2023 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK), America’s Bitcoin Miner™, as we speak launched its unaudited bitcoin mining and operations replace for the month ending February 28, 2023. “Our background in vitality effectivity offers us a transparent benefit out there as we make incremental enhancements to our mining fleet,” mentioned Zach Bradford, CEO. “For instance, this month we improved our effectivity by over three % in comparison with December 2022, once we final reported these numbers in our quarterly report. That progress, coupled with common wholesale energy charges as little as two cents per kilowatt hour, has allowed us to extend our revenue margins whilst manufacturing compressed month-over-month as a consequence of February being the shortest month of the yr. Months like February are practice-runs for halving—and we intend to proceed to check and deploy all {hardware} and software program at our disposal in our bid to be the very best ready miner when halving occurs subsequent yr. “In the meantime, building continues in Washington, the place a further 50 megawatts are set to go surfing in a number of months. We're counting on every little thing we've discovered on this area, since establishing our very first mining campus in Faculty Park, as we construct the Washington enlargement. Our means to continually iterate—whether or not we're constructing air-cooled services or deploying latest-gen immersion cooling—is constructed into the CleanSpark means. It’s how we've managed to develop quick and reliably within the few quick years since we entered this business—and the way we’ll proceed to develop nicely into our future.” February Bitcoin Mining Replace (unaudited) <ul><li>Bitcoin mined in February: 576 </li></ul> <ul><li> CY2023 bitcoin mined: 1,273 </li><li> Complete BTC holdings as of February 28: 100 </li><li> Complete BTC transformed for operations and development in February: 778 </li><li> At present deployed fleet of about 66,900 latest-generation bitcoin miners with a hashrate of 6.6 EH/s </li></ul> The Firm funded development and operations by means of the sale of 778 bitcoins in February 2023 at a median of roughly $23K per BTC (in comparison with $19K in January 2023). Gross sales of BTC equated to proceeds of roughly $17.9 million. February every day BTC mined averaged about 20.6 and reached a excessive of 21.5. About CleanSpark CleanSpark (NASDAQ: CLSK) is America’s Bitcoin Miner™. Since 2014, we’ve helped individuals obtain vitality independence for his or her houses and companies. In 2020, we started making use of that experience to develop sustainable infrastructure for Bitcoin, a necessary software for monetary independence and inclusion. We attempt to go away 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 individuals world wide who rely upon Bitcoin. CleanSpark is a Forbes 2022 America’s Finest Small Firm and holds the forty fourth spot on the Monetary Occasions’ Listing of the five hundred Quickest Rising Firms within the Americas. For extra details about CleanSpark, please go to our web site at <a target="_blank" href="https://www.globenewswire.com/Tracker?data=DFNv0e5qYuR3a5CC63IgirsvLCEzFyI6IzPs8DnG2SQyc_IG7hP8IzQKjoUmj0nAJjSzXOK3C_PscIgBxtsFgY3mY-PYRZGrDTDvuN55pPxUoPrQLP2pnQrBiUkzijwo4k1HZfNAqGfYSq8l1M5Hmy77oTned9fVs36EkH8PRYW05dqO6Q1N2hR_56hOpDKMXNW1Wl3ZQqYvItMnsdrLm3zxMd6bL5oZdnBR5q7s2J8_BHbuHPHiLgG7Z7QNv9qH" rel="nofollow noopener" title="www.cleanspark.com">www.cleanspark.com</a>. Ahead-Trying Statements This press launch accommodates forward-looking statements throughout the that means of the Personal Securities Litigation Reform Act of 1995, together with statements concerning expectations for enlargement of the Firm’s Washington, Georgia bitcoin mining facility, the ensuing anticipated advantages to CleanSpark (together with as to anticipated additions to CleanSpark’s hashrate and the timing thereof) and plans to broaden the ability. We intend such forward-looking statements to be coated by the protected harbor provisions for forward-looking statements contained in Part 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Part 21E of the Securities Change Act of 1934, as amended (the “Change Act”). All statements aside from statements of historic information contained on this press launch could also be forward-looking statements. In some circumstances, you may establish forward-looking statements by phrases reminiscent of “might,” “will,” “ought to,” “expects,” “plans,” “anticipates,” “might,” “intends,” “targets,” “tasks,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,” “potential” or “proceed” or the detrimental of those phrases or different related expressions. Ahead-looking statements contained on this press launch, however should not restricted to statements concerning our future outcomes of operations and monetary place, business and enterprise developments, enterprise technique, enlargement plans, market development and our goals for future operations. The forward-looking statements on this press launch are solely predictions. Now we have primarily based these forward-looking statements largely on our present expectations and projections about future occasions and monetary developments that we consider might have an effect on our enterprise, monetary situation and outcomes of operations. Ahead-looking statements contain identified and unknown dangers, uncertainties and different necessary components which will trigger our precise outcomes, efficiency or achievements to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements, together with, however not restricted to: the anticipated timing of the enlargement; the danger that {the electrical} energy accessible to our services doesn't improve as anticipated; the success of its digital forex mining actions; the unstable and unpredictable cycles within the rising and evolving industries wherein we function; growing problem charges for bitcoin mining; bitcoin halving; new or extra governmental regulation; the anticipated supply dates of recent miners; the power to efficiently deploy new miners; the dependency on utility price constructions and authorities incentive applications; dependency on third-party energy suppliers for enlargement efforts; the expectations of future income development might not be realized; and different dangers described within the Firm's prior press releases and in its filings with the Securities and Change Fee (SEC), together with below the heading "Danger Elements" within the Firm's Annual Report on Type 10-Okay and any subsequent filings with the SEC. The forward-looking statements on this press launch are primarily based upon data accessible to us as of the date of this press launch, and whereas we consider such data kinds an affordable foundation for such statements, such data could also be restricted or incomplete, and our statements shouldn't be learn to point that we've carried out an exhaustive inquiry into, or assessment of, all probably accessible related data. These statements are inherently unsure and buyers are cautioned to not unduly rely on these statements. It is best to learn this press launch with the understanding that our precise future outcomes, efficiency and achievements could also be materially totally different from what we anticipate. We qualify all of our forward-looking statements by these cautionary statements. These forward-looking statements communicate solely as of the date of this press launch. Besides as required by relevant regulation, we don't plan to publicly replace or revise any forward-looking statements contained on this press launch, whether or not because of any new data, future occasions or in any other case. Investor Relations Contact Matt Schultz, Govt Chairman <a target="_blank" href="https://www.globenewswire.com/Tracker?data=SI4S0w4IMXS5kwpkY8Z57drXWWIzOus7Imjg_CzdkULiHgkl9K7ApKISLe0mq-SUk29Bg5YSlD9Z2RomlvBQUw==" rel="nofollow noopener" title="ir@cleanspark.com">ir@cleanspark.com</a> Media Contacts Isaac Holyoak <a target="_blank" href="https://www.globenewswire.com/Tracker?data=inqGZZRyupT47uTS6ptVl3Ii6bsjB7sbKn5wUjOnmXls9JQ5z80LYTFua2DZJ4-l8YNrZVm9oBnn7rrdA5nZKw==" rel="nofollow noopener" title="pr@cleanspark.com">pr@cleanspark.com</a> BlocksBridge Consulting <a target="_blank" href="https://www.globenewswire.com/Tracker?data=Wgro-vEdOfiXRwqdK5Lr2j4302MD8UqMW5pNBTyo22sdF0iMOVhGQTSMZXXCIglLXPHMjfHUPhVKMY0Z0G0G6U3p2AekS6lCUy616bjDuAleO4KZM42t-xfe2fr3M0Wn" rel="nofollow noopener" title="cleanspark@blocksbridge.com">cleanspark@blocksbridge.com</a> <pre/> <img src="https://ml.globenewswire.com/media/ZGVkNTA4OTgtYzAzYi00YjZhLTlkN2UtMjMzOTU2OTZkODhiLTEyMDE1NzA=/tiny/CleanSpark-Inc-.png" referrerpolicy="no-referrer-when-downgrade"/>

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