CleanSpark announces Bitcoin production in June 2022
Production hits an all-time high of 12.1 BTC per day; hashrate increases 12% month over month
LAS VEGAS, July 06, 2022 (GLOBE NEWSWIRE) – CleanSpark, Inc. (Nasdaq: CLSK) (the “Company” or “CleanSpark”), a sustainable bitcoin mining and energy technology company, today launched its unaudited bitcoin production and – operation update for the calendar year to the date ending June 30, 2022.
Update for production and operation of Bitcoin (unaudited)
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Monthly production in June: 339
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Calendar-year-to-date production ending June 30: 1863
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Total BTC holdings as of June 30: 561
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Total BTC converted for operations and growth in June: 328
The company fully funded growth and operations through the sale of 328 bitcoins in June 2022 at an average of approximately $ 25,644 per BTC. The sale of BTC amounted to a dividend of approximately $ 8.4 million. Daily BTC production in June peaked at 12.1.
Energy Business Update
CleanSpark is one step closer to being a pure bitcoin miner after achieving the important milestone last month of leaving the switch industry. The agreement releases the company from all obligations related to its previous switching equipment business, while retaining certain receivables from existing contracts. In addition, certain prepaid deposits are expected to be returned to CleanSpark. “This move strengthens our balance sheet and frees up working and human capital for our valuable bitcoin mining business,” said Zach Bradford, CEO.
About CleanSpark
CleanSpark, Inc., a Nevada company, is a sustainable bitcoin mining and energy technology company that solves modern energy challenges. For more information about the company, please visit the company’s website at https://www.cleanspark.com/investor-relations.
Future-oriented statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend that such forward-looking statements shall be covered by the safe harbor provisions for forward-looking statements in section 27A of the Securities Act of 1933, as amended (“Securities Act”). ), and § 21E of the Securities Exchange Act of 1934, as amended (“Exchange Act”). All statements except statements about historical facts in this press release may be forward-looking statements. In some cases, you can identify forward-looking statements using terms such as “can”, “will”, “should”, “expect”, “plan”, “presuppose”, “could”, “intend”, “goal, “” Projects “,” considering “,” believing “,” estimating “,” forecasting “,” predicting “,” potential “or” continuing “or the negative of these terms or other similar terms. Future-oriented statements in this press release include, but are not limited to, statements regarding our future deliveries of miners and other related infrastructure, future deliveries of immersion refrigeration equipment and future distribution of energy infrastructure, industry and business trends, our business and financial / capital strategy, market growth and our goals for future operations.
The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and forecasts of future events and economic trends that we believe may affect our business, financial condition and operating results. Future-oriented statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or performance to differ materially from any future results, performance or performance expressed or implied by forward-looking statements, including, but not limited to: the success of their digital currency mining activities; the volatile and unpredictable cycles of the emerging and developing industries in which we operate increase the levels of difficulty of bitcoin mining; bitcoin halving; new or additional state regulation; the expected delivery dates for new miners; the ability to successfully deploy new miners; dependence on structures and government incentive programs; timely completion of mining facilities or extensions thereof; recognizes the full benefits of immersion cooling; future cannabis growth; the expectations for future income growth cannot be realized; the expectations for future income growth cannot be realized; ongoing demand for the company’s software products and related services; the impact of global pandemics (including COVID-19) on logistics and shipping and the demand for our products and services; and other risks described in the Company’s previous press releases and in its submissions to the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in the Company’s annual report on Form 10-K and any subsequent submissions to the SEC. The forward-looking statements in this press release are based on information available to us at the date of this press release, and although we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have performed an exhaustive examination of or review of all potentially available relevant information. These statements are inherently uncertain and investors are warned against trusting these statements.
You should read this press release with the understanding that our actual future results, performance and performance may be materially different from what we expect. We qualify all our forward-looking statements with these cautionary statements. These forward-looking statements apply only as of the date of this press release. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements in this press release, whether as a result of new information, future events or otherwise.
Investor Relations Contact
Matt Schultz
[email protected]
Media contacts
Isaac Holyoak
[email protected]
BlocksBridge Consulting
Nishant Sharma
[email protected]
CONTACT: Isaac Holyoak CleanSpark, Inc. 702-989-7694 [email protected]
