CleanSpark’s Post

Introducing CleanSpark's June 2024 Bitcoin mining update: *Monthly production: 445 *Current hashrate: 20.4 EH/s *Total BTC holdings: 6,591 *Deployed fleet: 152,505 *Month-end fleet efficiency: 22.31 J/TH *Approximately 1.7 EH/s from our recent closing of five sites in GA have been deployed, with additional hashrate expected to come online in July. Once fully deployed, the sites will add 3.7 EH/s in total. *We have also entered into an agreement to acquire GRIID. See our SEC filings for details. *Concrete pours for both building slabs of our 15 MW Dalton, GA, expansion have been done and transformers have been set. We expect this expansion to be completed by September 2024. ��We reached a tremendous milestone on our path to 50 EH/s and beyond. Surpassing 20 EH/s in operational hashrate is more than double our hashrate from December. Doubling our hashrate takes grit and teamwork and our growth is a testament to the dedication of our teams. While our peers are exploring other avenues of income, we’re laser-focused on delivering results and increasing our bitcoin mining hashrate and associated revenues. We continue to maximize efficiency at our existing sites and look forward to the opportunities ahead of us in Wyoming and Tennessee,” said Zachary Bradford, CEO. Full press release: https://bit.ly/3W6Iiy3

The roaring ‘20s are back, the CleanSpark way… with a milestone of 20 EH/s in hashrate. 🍾🎷✨

We’ve announced an agreement to acquire GRIID based on an enterprise value of $155 million and expansion plans of over 400 MW in Tennessee. CleanSpark expects to add over 400 MW in the state over the next two years. Under the definitive merger agreement, we will purchase all issued and outstanding common stock of GRIID in an all-stock transaction, and GRIID stockholders will receive shares of CleanSpark common stock. The total enterprise value includes payment and assumption of debt. Concurrent with the agreement’s signing, the companies also entered into an exclusive hosting agreement for all currently available power, of which 20 MW will be allocated to CleanSpark effective immediately. Full news release: https://bit.ly/3VXsI7Y “After closing we expect to focus in on the best opportunities in the GRIID pipeline. We anticipate that this will allow us to exceed 100 megawatts in Tennessee by the end of this calendar year and eventually grow that to 200 megawatts in 2025 before exceeding 400 megawatts in 2026. At every step of the way we will continue to work together with local communities as we build infrastructure capable of powering as much as one gigawatt of data center operations in Tennessee,” said Zachary Bradford, CleanSpark CEO. “I am incredibly excited for the opportunity for GRIID to join the CleanSpark team. Together, we will achieve rapid growth in the Tennessee Valley,” said Trey Kelly, GRIID CEO. “I am so proud of the business and team we have built at GRIID, so joining a company with a shared vision and values, like CleanSpark, makes for an ideal business combination.” “I have long admired CleanSpark’s track record of disciplined execution and I am looking forward to bringing that to our tremendous Tennessee power pipeline,” said Harry Sudock, GRIID CSO. “Growing our portfolio of data centers in this attractive region positions us to continue strengthening the resilience of the power grid while delivering CleanSpark’s leading mining capabilities.” #bitcoin #blockchain #proofofwork

Kick off your weekend with CLSK! Watch the presentation from last month's retail investor day. Stay tuned soon for the event's Q&A. #bitcoin

Today we announced the acquisition of five new bitcoin mining sites in Georgia equivalent to 60 MW of infrastructure. The purchase is expected to close immediately and increase CleanSpark's hashrate by 3.7 EH/s upon full installation of already purchased S21 Pro miners. "Our acquisition of these five new mining sites marks a significant milestone in our strategic growth plan and represents the leading edge of nearly one gigawatt of new opportunities being analyzed by our teams. These sites not only enhance the load balancing capabilities for the local cities we work with, but lock in the achievement of our mid-year target of achieving 20 EH/s of operating hashrate. This achievement underscores our commitment to scaling efficiently and sustainably and we are excited to bring these facilities into the CleanSpark way of mining bitcoin. We are confident in our continued ability to drive shareholder value and innovation in the bitcoin mining industry," said CEO Zachary Bradford. The sites range in size from 8 MW to 15 MW, for a total of 60 MW, and include interruptible-load designated power purchase agreements (PPAs). Load balancing is a unique benefit that bitcoin miners provide local power grids because of their ability to curtail energy use based on local demand, especially during times of extreme weather. Full release here: https://bit.ly/3VLGPwR #bitcoin #clsk #loadbalancing

Panelists including CleanSpark CEO Zachary Bradford and leaders from Cipher Mining, Core Scientific, Hut 8 and Phoenix Group discussed bitcoin ETFs at BITMAIN’s World Digital Mining Summit today.

Attention, Atlanta! The local premiere of Dirty Coin The Movie, a film about bitcoin and energy, is this Friday, June 21 at 6:30 pm. 🎥🎬🎞️ Join us for the viewing and a panel afterwards featuring CleanSpark, Alana Mediavilla-Diaz, Margot Paez and Shahar Abrams. Link for tix: https://lu.ma/ecpgqp2r

Our CEO and co-founder Zachary Bradford has been recognized as an Entrepreneur Of The Year® 2024 Pacific Southwest Award winner! 🏆 He joins an esteemed community of business leaders who have driven company success and made a positive impact on their employees and communities they operate in. Past recognition includes executives from Starbucks, Chobani, Fitbit (now part of Google) and many more. From CleanSpark’s humble beginnings, to entering the bitcoin mining industry during the pandemic, CleanSpark has emerged as one of the largest and fastest-growing self-mining BTC operators. “I have an immense amount of gratitude for this award because it’s not just a recognition, but a testament to the success CleanSpark has achieved during our ongoing journey. It’s a celebration of every person who has contributed to CleanSpark’s growth and I’m so excited to continue carving our own path, especially in such an innovative space,” said Bradford. What’s next? Zach is eligible for consideration for the Entrepreneur Of The Year 2024 National Awards, which will be held this November. Please join us in wishing Zach a huge congratulations! More on our blog here: https://bit.ly/3XlLnLS #EOYUS #EOYPACSW