Business
CleanSpark Releases August 2022 Bitcoin Mining Update
Company’s hashrate exceeds 3.4 EH/s, up 19 percent from July 2022; mines 395 bitcoin for the month LAS VEGAS, Sept. 02, 2022 (GLOBE NEWSWIRE) -- CleanSpark,
About this update from Cleanspark, Inc.
[{"type":"text","content":"Company’s hashrate exceeds 3.4 EH/s, up 19 percent from July 2022; mines 395 bitcoin for the month\nLAS VEGAS, Sept. 02, 2022 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK) (the \"Company\" or \"CleanSpark\"), America’s bitcoin miner, today released its unaudited bitcoin mining and operations update for the calendar year-to-date ending August 31, 2022. “We set out at the beginning of the year to become a top five publicly traded bitcoin mining company and with our outstanding operational performance in 2022 we can say we are now firmly in that category. We now own and operate three campuses in Georgia. Our hashrate has tripled over the last year. We are on a trajectory to nearly double that in less than half the time it took us to get from 1 EH/s to 3 EH/s. And we are about to hire our 100th employee. I’m extremely proud of our team and their tremendous work,” said Zach Bradford, Chief Executive Officer. Bitcoin Mining & Operations Update (unaudited) Bitcoin mined in August: 395, up 109% from August 2021Calendar year-to-date bitcoin mined: 2,642 Total BTC holdings as of August 31: 526Total BTC converted for operations and growth in August: 388, 9% less than July 2022Currently deployed fleet of over 36,800 latest-generation bitcoin miners with a hashrate of 3.4 EH/s, up 19% from July 2022 and 331% from August 2021 The Company funded growth and operations through the sale of 388 bitcoins in August 2022 at an average of approximately $23,088 per BTC (an 11% increase over last month’s average price per BTC sold). Sales of BTC equated to proceeds of approximately $8.9 million. August daily BTC mined reached a high of 13.39. Washington, GA, Site Update Technical crews in Washington have worked around the clock to bring miners online. Since closing in late August, there are now over 6,000 miners online, out of the over 10,000 miners that are on site. The Company expects to energize the remaining miners next week. Personnel Update CleanSpark also welcomed Taylor Monnig to the company as its new Vice President of Mining Technology. Monnig was most recently Chief Operating Officer at TMGCore, where he worked to develop and commercialize technologies that support blockchain stability, growth, and sustainability. Monnig brings to CleanSpark eight years of experience in the bitcoin mining industry and has developed a reputation for his ...