SALT LAKE CITY, Jan. 20, 2021 /PRNewswire/ — CleanSpark, Inc. (Nasdaq: CLSK), (“CleanSpark, or the Firm”), a sophisticated software program and controls know-how options firm centered on fixing trendy vitality challenges, as we speak supplied an replace on the variety of Bitcoins mined by its wholly-owned subsidiary, ATL Information Facilities LLC. Within the first 40 days for the reason that acquisition of the mining operation, the Firm has generated simply over 56 Bitcoins as of finish of enterprise, January 19, 2021.
Microgrid Expertise Firm Updates Bitcoin Mining Outcomes
The Firm had beforehand acknowledged its plan to strategically handle the share of the cash it holds or sells in line with market circumstances and present Bitcoin costs. So far, CleanSpark continues to carry roughly 31 of the 56 Bitcoins it has mined. Because the Firm observes a 9/30 fiscal 12 months finish, the mining income to date in FY 2021 has exceeded $1.6 Million based mostly on the day by day worth of Bitcoin on the date they have been mined.
The corporate expects its day by day manufacturing numbers to proceed to extend over the approaching weeks as we additional broaden mining manufacturing capability. CleanSpark intends to replace its traders with further data as each the vitality and knowledge operation’s upgrades progress.
Zach Bradford, CleanSpark’s President and Chief Govt Officer acknowledged, “We dedicated to our traders that we might ship common updates on the standing of our Bitcoin mining actions as we proceed with our development technique. After 40 days, we’re happy with the outcomes generated to this point and sit up for offering further updates on the progress in the direction of our acknowledged targets each within the vitality house and in Bitcoin mining. Our workforce is devoted to working diligently to maximise shareholder worth and we are going to proceed to replace all events as we obtain future milestones.”
CleanSpark’s Govt Chairman Matthew Schultz not too long ago supplied insights to traders about mining and different related matters on the RenMark Digital Convention. A recording of the presentation could be considered HERE.
CleanSpark, Inc., a Nevada company, is within the enterprise of offering superior software program and controls know-how options to unravel trendy vitality challenges. We now have a set of software program options that present end-to-end microgrid vitality modeling, vitality market communications, and vitality administration options. Our choices encompass clever vitality monitoring and controls, clever microgrid design software program, middleware communications protocols for the vitality trade, vitality system engineering, and software program consulting companies.
By way of its wholly owned subsidiary ATL Information Facilities LLC, CleanSpark owns and operates an information heart that gives prospects with conventional on-site and cloud-based knowledge heart companies. The Firm additionally owns and operates a fleet of over 3,400 ASIC (application-specific built-in circuit) Bitcoin miners producing over 200 PH/s in mining capability. Capability is predicted to extend to over 300 PH/s in mining capability in early 2021. CleanSpark plans to use its applied sciences with a aim of mining bitcoins on the lowest vitality costs in america. For extra data, go to https://ATL-DATA.com
CleanSpark cautions you that statements on this press launch that aren’t an outline of historic information are forward-looking statements. These statements are based mostly on CleanSpark’s present beliefs and expectations. The inclusion of forward-looking statements shouldn’t be thought to be a illustration by CleanSpark that any of our plans might be achieved. Precise outcomes might differ from these set forth on this press launch as a result of danger and uncertainties inherent in our enterprise, together with, with out limitation: the long run worth of Bitcoin, the profitable deployment of vitality options on the information heart, the health of our vitality software program and options for this explicit utility or market, the expectations of future income development might not be realized, ongoing demand for our software program merchandise and associated companies, the impression of world pandemics (together with COVID-19) on the demand for our services; and different dangers described in our prior press releases and in our filings with the Securities and Change Fee (SEC), together with beneath the heading “Danger Elements” in our Annual Report on Kind 10-Ok and any subsequent filings with the SEC. You’re cautioned to not place undue reliance on these forward-looking statements, which communicate solely as of the date hereof, and we undertake no obligation to revise or replace this press launch to mirror occasions or circumstances after the date hereof. All forward-looking statements are certified of their entirety by this cautionary assertion, which is made beneath the protected harbor provisions of the Non-public Securities Litigation Reform Act of 1995.
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SOURCE CleanSpark, Inc.