![]() In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. All statements other than statements of historical facts contained in this press release may be forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for completion of the acquisition Mawson’s bitcoin mining facility, the resulting anticipated benefits to CleansSpark (including as to anticipated additions to CleanSpark’s hashrate and the timing thereof) and plans to expand the facility. The Company expects to meet its 2023 year-end guidance of 22.4 EH/s, an achievement that would make it one of the largest publicly traded bitcoin miners in the world. CleanSpark’s revised year-end guidance now sits at 5.5 EH/s. As our hashrate has grown, the amount of bitcoin we produce has also grown, creating a virtuous cycle that has allowed us to seize opportunities for growth and expansion.”ĬleanSpark has four owned and operated facilities, about 50,000 bitcoin mining machines operational, and a daily production high of 19.2 bitcoin. “Crucial to that strategy has been our long-held commitment to selling a portion of the bitcoin we mine to fund growth and operations. “The effective deployment of our capital strategy has allowed us to exceed hashrate expectations,” said Gary A. The Company’s significant growth is rooted in sound capital management. We’ve hit our previously stated year-end guidance 60 days early thanks to our excellent teams and we are thus able to raise our year-end guidance to 5.5 EH/s.” In a period where the sector is experiencing reversals in forward-looking expectations, we are bucking that trend. “This milestone reflects operational prowess and efficiency gains that I believe are unmatched in our industry. ![]() “Our hashrate growth over the last few months has been helped along with the acquisition of the Washington and Sandersville facilities, but that only tells part of the story,” said Zach Bradford, CEO. ![]() It determines how much bitcoin a company mines. Hashrate, the computing power available for processing transactions and securing the bitcoin blockchain, is one of the most critical metrics for evaluating public bitcoin mining companies. With the new milestone, CleanSpark has surpassed its year-end guidance over 60 days ahead of schedule and is raising its year-end hashrate guidance 10%, to 5.5 EH/s. 25, 2022 (GLOBE NEWSWIRE) - CleanSpark Inc. (Nasdaq: CLSK) (the “Company”), America’s Bitcoin Miner™, today announced its bitcoin mining hashrate has exceeded 5 EH/s, increasing 150% since January 2022. ![]() The Company’s hashrate has grown 150% since January CleanSpark is updating its 2022 year-end hashrate guidance to 5.5 EH/s
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