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CleanSpark Announces March 2022 Bitcoin Production
LAS VEGAS, April 05, 2022 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a sustainable bitcoin mining and energy
About this update from Cleanspark, Inc.
[{"type":"text","content":"LAS VEGAS, April 05, 2022 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK) (the \"Company\" or \"CleanSpark\"), a sustainable bitcoin mining and energy technology company, today released its unaudited bitcoin production and operations update for the calendar year-to-date ending March 31, 2022. Bitcoin Production & Operations Update (unaudited) March monthly production: 318 Calendar year-to-date production ending March 31: 898 Total BTC holdings as of March 31: 420 Total BTC converted for operations and growth in March: 391 Currently deployed fleet of over 23,000 latest-generation bitcoin miners with a total hashrate of 2.3 EH/s The Company fully funded growth and operations through the sale of 420 bitcoins in March 2022 at an average of approximately $42,294 per BTC. Sales of BTC equated to proceeds of approximately $17.6 million, most of which was used for growth capital expenditures at the company’s Norcross facility. March daily BTC production reached a high of 10.57. Location-specific Operational Updates Norcross. CleanSpark’s Norcross campus saw significant progress during March, with about 600 immersion-cooled S19j pros hashing as of March 31. The Company has experienced delays with its utility partner related to weather and construction. All machines needed to fill the facility to capacity have been received and are being prepared for immersion cooling and deployment. The Company expects the number of machines hashing to rapidly increase over the coming quarter. Coinmint. CleanSpark has 31MW operational at Coinmint, one of the Company’s co-hosting partners. An additional 2MW is expected to go live in May, bringing the total hashrate at Coinmint to 1.06 EH/s, backed by over 11,500 machines. Lancium. CleanSpark’s newly executed contract with Lancium for 200MW is expected to increase the Company’s total hashrate to over 10 EH/s by Spring 2023. The contract also includes the option of an additional 300MW for CleanSpark. With the 300MW option fully deployed, CleanSpark expects to have a total of about 600MW in its portfolio, which would power about 200,000 latest generation miners and contribute approximately 20 EH/s to the network. Please see the chart (attached below) for further details. About CleanSpark CleanSpark, Inc., a Nevada corporation, is a sustainable bitcoin mining and energy technology company that is solving ...