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CleanSpark Announces Monthly Bitcoin Mining Data Updates to Increase Industry Transparency, Shares First Report
CleanSpark aims to bring more transparency to the mining industry with the monthly release of data about its bitcoin mining operations. SALT LAKE CITY, Nov.
About this update from Cleanspark, Inc.
[{"type":"text","content":"CleanSpark aims to bring more transparency to the mining industry with the monthly release of data about its bitcoin mining operations.\nSALT LAKE CITY, Nov. 04, 2021 (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 October 31, 2021. Additionally, the Company announced that it will release such data every month to set new standards of transparency in the bitcoin mining industry. Bitcoin Production & Operations Update (unaudited) October monthly production: 216 Calendar year-to-date production ending October 31: 1,083 Total BTC holdings as of October 31: 729 Total BTC converted for operational growth in CY2021: 370 Deployed fleet of approximately 11,780 latest-generation bitcoin miners with a total hashrate of 1.2 EH/s “These updates are part of our commitment to lead the industry’s transparency efforts,” said CleanSpark CEO, Zach Bradford. “We will continue to include key metrics in these updates as we scale our bitcoin mining operations at different locations.” Moving forward, the Company intends to publish monthly updates on key metrics on its website and Twitter account. The bitcoin mining industry has been criticized for the lack of transparency by miners. CleanSpark is hoping to change how the space is perceived by being open about its operations. CleanSpark operates and owns two facilities in the Atlanta, Georgia metro area. In addition to its owned facilities, it has a co-location agreement with Coinmint in Massena, NY. CleanSpark’s sustainability efforts account for variation in local energy mixes by purchasing carbon offsets, and, once facilities are at scale, by deploying distributed energy systems onsite. Energy mixes are highly variable, so CleanSpark participates in voluntary programs, like Georgia’s Simple Solar, as part of its commitment to sustainability. About CleanSpark CleanSpark, Inc., a Nevada corporation, is a clean bitcoin mining and energy technology company that is 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 de...