“Our expected power of 23. 5 J/Th, once all new machines are deployed, not only reduces operating costs, but also ensures that we are well prepared for the Bitcoin halving next year. We are proud of our data-driven accomplishments and remain committed. to add power to our operating framework.
October Update on Bitcoin Mining (Unaudited)
The company sold 562 BTC in October 2023 at an average value of around $28,600 per BTC. BTC sales equated to a profit of around $16 million. BTC mined in October averaged 20. 42 and peaked at 22.
Operational update
“I am pleased to report that the structure of our expansion in Sandersville is on schedule,” said Scott Garrison, senior vice president of growth. “Over the next few weeks, the remaining structures are expected to be temporarily moved through various structure stages as multiple commercial paintings in combination to build what will be Georgia’s largest virtual asset knowledge center. “
For updates on our progress in Sandersville, visit the company’s official YouTube account here.
About CleanSpark
CleanSpark (Nasdaq: CLSK) is the American Bitcoin Miner™. We own and operate knowledge centers that run primarily on low-carbon energy. Our infrastructure responsibly supports Bitcoin, the world’s largest virtual commodity and a critical tool for monetary independence and inclusion. We tame true acceptance and transparency among our workers and communities. in which we operate. Visit our online page at www. cleanspark. com.
This press release comprises forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, adding statements regarding the expectations of achieving the benefits of 10 EH/s operational hashrate, the achievement and timing of achieving 23Array5 J /Th and the resulting effects. reduction of charges, the receipt and implementation of Antminer XP and Antminer S21, the expansion and timing of this expansion of the Bitcoin mining facility in Sandersville, Georgia, and the resulting expected benefits for CleanSpark (adding planned additions in the hashrate of CleanSpark and its schedule). We intend such forward-looking statements to be covered by the 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 Act . Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of fact contained in this press release are likely to be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “possibly”, “will”, “should”, “expect”, “plan”, “anticipate”, “could”, “intend”. “objectives”, “projects”, “considers”, “believes”, “estimates”, “plans”, “predicts”, “potential” or “continues” or the negatives of those terms or other similar expressions. Contained in this press release include, but are not limited to, statements relating to our long-term operations and monetary condition, industry and business trends, business strategy, expansion plans, market expansion and our objectives for long-term operations. term.
The forward-looking statements contained in this press release are predictions only. We have based such forward-looking statements largely on our existing expectations and projections regarding long-term events and currency trends that we believe could affect our business, monetary condition and the effects of our operations. Forward-looking statements involve known and unknown threats, doubts and other vital points that could possibly cause our actual effects, functionality or achievements to be materially different from any long-term effects, functionality or achievements expressed or implied by the forward-looking statements. adding, among others: the expected timing of the expansions; the threat that the electrical energy available at our facilities will not grow as expected; the good fortune of its virtual currency mining activities; the volatile and unpredictable cycles of the emerging and evolving industries in which we operate; increase difficulty rates for Bitcoin mining; Bitcoin Halving; new or additional government regulations; expected delivery dates for new miners; the ability to hopefully deploy new miners; reliance on application fee structures and government incentive programs; dependence on external electrical energy suppliers for expansion efforts; expectations of long-term earnings expansion may not materialize; and other threats described in the Company’s prior press releases and its filings with the Securities and Exchange Commission (SEC), aggregated under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K and in any upcoming SEC filings. The forward-looking statements contained in this press release are based on data available to us as of the date of this press release, and although we believe that such data provides a reasonable basis for such statements, such data would likely be limited or incomplete, and Our statements are not intended to be construed as indicating that we have conducted an exhaustive investigation or review of all potentially applicable data. These statements are inherently dubious and investors are cautioned not to place undue reliance on them.
You read this press release with the understanding that our actual results, functionality and long-term achievements may differ materially from what we expect. We qualify all of our forward-looking statements with those cautionary statements. These forward-looking statements speak only as of the date of this press release. Except as required by applicable law, we do not intend to publicly update or revise any forward-looking statements contained in this press release, whether as a result of new information, long-term occasions or otherwise.
Investor Relations Contact Brittany Moore702-989-7693ir@cleanspark. com
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SOURCE CleanSpark, Inc.