CleanSpark Releases October 2022 Bitcoin Mining Update
The company mined a record 532 bitcoins in October, up 19% from September
LAS VEGAS, Nov. 03, 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 31 October 2022.
“I am pleased to announce that phase two of our immersion-cooled mining campus in Norcross is now officially complete and hashing. The progress there has translated into another record month for us, with a total of 532 bitcoin mined. And we’ve now seen a 20% increase in our hashrate two months in a row. As I have said many times before, these successes are made possible by the hard work of our teams who are absolutely dedicated to ensuring that CleanSpark maintains its position as a top publicly traded mining company in North America, said Zach Bradford, CEO. .
Bitcoin Mining & Operations Update (Unaudited)
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Bitcoin mined in October: 532, up 19% from September 2022
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Calendar year to date bitcoin mined: 3,622
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Total BTC holdings as of October 31: 290
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Total BTC converted for operation and growth in October: 836
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Currently deployed fleet of around 54,000 latest generation bitcoin miners with a hash rate of 5.1 EH/s as of October 31, up 23% from September 2022
The company funded growth and operations through the sale of 836 bitcoins in October 2022 at an average of approximately $19,340 per BTC. Selling BTC equaled a dividend of approximately $16.1 million. Daily BTC mined in October peaked at 19.2.
About CleanSpark
CleanSpark (NASDAQ: CLSK ) is the US bitcoin miner. Since 2014, we’ve been helping people achieve energy independence for their homes and businesses. In 2020, we began using that expertise to develop sustainable infrastructure for Bitcoin, an important tool for financial independence and inclusion. We strive to leave the planet better than we found it by sourcing and investing in low-carbon energy, such as wind, solar, nuclear and hydropower. We cultivate trust and transparency among our employees, the communities in which we operate, and the people around the world who depend on Bitcoin. CleanSpark is a Forbes 2022 America’s Best Small Company and is ranked 44th on the Financial Times’ list of the 500 fastest growing companies in America. For more information about CleanSpark, visit our website at www.cleanspark.com.
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CONTACT: Isaac Holyoak CleanSpark Inc. 702-989-7694 [email protected]
