CleanSpark is releasing the June 2023 Bitcoin Mining Update

“We have made substantial progress in growing our bitcoin positions this quarter, as we continue to move forward with our growth plans,” said Zak Bradford, DIRECTOR. “This was a quarter of the execution for us, as we expect Washington expansion to go live later this week. We also expect our recently announced acquisition, two locations in Dalton, Georgia, will be fully operational this month. This is a great achievement as we work to build some of the best bitcoin infrastructure inside North America.”

June Bitcoin Mining update (unverified)

• Bitcoin mined in June: 491
• CY2023 bitcoin mined: 3,495
• Total BTC holdings from June 30th: 529
• Total BTC converted for operations and growth in June: 413
• Currently deployed fleet of approximately 68,678 latest generation bitcoin miners with a hash rate of 6.7 EH/s

The company funded growth and operations by selling 413 bitcoins in June 2023 average approx $27.200 per BTC. The sale of BTC equates to revenue of approx $11.2 million. Daily BTC mining in June averaged 16.4 and reached a high of 17.4.

Operational updates

dalton. CleanSpark’s newest campus, which consists of two facilities in the city Dalton, Georgia, started hashing almost immediately after the acquisition was announced in late June. Machines are racked daily, with approximately 1,500 machines currently online. Another 4,500 machines are expected to go live in the coming weeks.

Washington. The 50 MW expansion is expected to be activated by the end of the week. More than 14,000 machines are racked and ready to start hashing.

Sandersville. Crews continue to make great strides as they prepare the country for CleanSpark’s ambitious expansion into Sandersville. The planned expansion will add more than 6 EH/s to CleanSpark’s mining operations.

About Clean Spark

CleanSpark (NASDAQ: CLSK) is from America Bitcoin Miner™. Since 2014, we have been helping people to become energy independent for their homes and businesses. In 2020, we transferred that expertise to develop sustainable infrastructure Bitcoin, an essential tool for financial independence and inclusion. We strive to leave the planet better than we found it by using 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 who depend on them around the world Bitcoin. CleanSpark is ranked 44th on the Financial Times’ 2022 List of the 500 Fastest Growing Companies in the Americas and is ranked 13th on Deloitte’s Fast 500. For more information about CleanSpark, visit our website at www.cleanspark.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for expansion of the Georgia bitcoin mining facilities, increasing our efficiency and the resulting expected benefits to CleanSpark (including in terms of expected additions to CleanSpark’s hashrate and timing thereof). We intend that such forward-looking statements be governed by the safe harbor provisions for forward-looking statements 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. amended (the “Exchange Act”). All statements other than statements of historical fact in this press release may be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “intend,” “goals,” ” projects”, “contemplates”, “believes”, “estimates”, “predicts”, “predicts”, “potential” or “proceeds” or the negation of these terms or other similar expressions. Forward-looking statements in this press release include, but are not limited to, statements about our future results of operations and financial position, industry and business trends, business strategy, expansion plans, market growth and our objectives 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 projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements, including, without limitation until: the expected timing of the extension; the risk that the electrical power available to our facilities will not increase as expected; the success of its digital currency mining business; the volatile and unpredictable cycles in the emerging and evolving industries in which we operate; increasing degree of difficulty bitcoin mining; bitcoin halve; new or additional government regulations; the expected delivery dates of new miners; the ability to successfully deploy new miners; dependence on utility rate structures and government stimulus programs; dependence on external energy suppliers for expansion efforts; expectations of future sales growth may not be realized; and other risks described in the Company’s prior press releases and filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K and all subsequent SEC filings . The forward-looking statements contained in this press release are based on information available to us as of the date of this press release, and while we believe that such information provides a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be interpreted to mean that we have made an exhaustive review or review of all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to place undue reliance on these statements.

You should read this press release with the understanding that our actual future results, performance and achievements may differ materially from what we expect. We qualify all of our forward-looking statements by these 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, future events or otherwise.

Investor Relations Contact
Matt Schultz
[email protected]

Media contacts
Isaac Holyoak
[email protected]

BlocksBridge Advice
Nishant Sharma
[email protected]

SOURCE CleanSpark, Inc.