Business
CleanSpark Releases ESG and Corporate Responsibility Report
The inaugural report highlights the Company's sustainability efforts, such as the use of clean energy and environmentally-friendly technologies like
About this update from Cleanspark, Inc.
[{"type":"text","content":"The inaugural report highlights the Company's sustainability efforts, such as the use of clean energy and environmentally-friendly technologies like immersion cooling\nLAS VEGAS, March 23, 2023 (GLOBE NEWSWIRE) -- CleanSpark Inc. (Nasdaq: CLSK), America’s Bitcoin Miner™, today released its inaugural ESG and Corporate Responsibility Report for the 2022 fiscal year, or the period from October 1, 2021, to September 30, 2022. Clean energy accounts for more than 90% of its energy mix, making it a sustainability leader among public bitcoin mining companies in America, while the use of large-scale immersion cooling has allowed it to reduce e-waste and increase the efficiency of its mining machines by up to 85%, according to the report. “Our commitments to people and the environment have been part of CleanSpark’s foundation from day one and they continue to evolve. We have employed the best practices used by many industries to produce a comprehensive report for the public and our stakeholders and for us to better understand our progress and the areas that need more of our focus,\" said Zach Bradford, CEO of CleanSpark. “As society and technology evolve, new standards and techniques will measure a corporation’s social and environmental responsibility. We are always on the lookout for such measurements and will include in our future reports those that are logically sound and in line with our commitments.” CleanSpark completed its inaugural ESG materiality assessment in early 2022. This assessment, conducted by an independent consultant, consisted of a benchmark review of its peers and of leading ESG frameworks and ratings (e.g., SASB, TCFD, MSCI, ISS, and Sustainalytics). It also included a series of in-depth interviews and surveys designed to help identify the topics most relevant to the Company’s internal and external stakeholders and most influential to its business. These results have allowed the Company to identify key ESG value drivers. Some highlights of the report, which can be viewed or downloaded at this link, are as follows: Environment The Company’s bitcoin mining efforts are focused on procuring low-carbon grid-connected power that minimizes its impact on the planet. Clean energy accounts for over 90% of the energy mix, according to data from the power providers that supply power to CleanSpark’s bitcoin mining operations...