CleanSpark and the Bitcoin halvingīradford suggested that for CleanSpark the next halving is the starting line of the race and that the company is "driving energy into our operational muscles" in preparation for the event.ĬleanSpark's training regimen appears to consist mostly of adding 65,000 more mining computers to their Georgia-based facilities, as well as maintaining low energy costs and building up its Bitcoin reserves.ĬleanSpark is reportedly in the process of adding another 20,000 more Bitmain s19 jPro+ miners to its facility in Washington, GA in the coming months, and an additional 45,000 Bitmain XP miners to another facility in Sandersville, GA, by the end of the year.Īccording to Bradford, the added miners will boost the firm's total hash rate to 15.9 EH/s. He added that CleanSpark's current fleet averages 31 watts of electricity per Tera hash, which he expects to bring down as low as 26 watts by the end of the year. "Only the most efficient miners will have the production capacity and balance sheets to capitalize on this historic event," Bradford said. The halving refers to the moment when miners’ block rewards will be cut from 6.25 to 3.125 bitcoin, which is expected to occur sometime next April. He added that the company's improved hash rate makes it "well positioned to take advantage of even the slightest increase in bitcoin prices."ĬEO Zach Bradford was quick to bring up the next halving event too. "Our revenue per Bitcoin this quarter was approximately $22,700 whereas last year, our revenue per Bitcoin was over $41,000," Vecchiarelli said in a conference call. Vecchiarelli said that the stunted revenue growth was largely a result of low Bitcoin prices. CleanSpark holds the 44th spot on the Financial Times' 2022 List of the 500 Fastest Growing Companies in the Americas and ranks thirteenth on Deloitte’s Fast 500.$0.04744536 0.37% Terra Classic (Wormhole)ĬleanSpark's CFO Gary A. We cultivate trust and transparency among our employees, the communities we operate in, and the people around the world who depend on Bitcoin. We strive to leave the planet better than we found it by sourcing and investing in low-carbon energy, like wind, solar, nuclear, and hydro. In 2020, we transitioned that expertise to develop sustainable infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Since 2014, we’ve helped people achieve energy independence for their homes and businesses. Results will be released after the close of regular trading on May 10, 2023.ĭownloadable files, including transcripts, will be available on the company website 48 hours after the event.ĬleanSpark (NASDAQ: CLSK) is America’s Bitcoin Miner™. (Nasdaq: CLSK), America's Bitcoin Miner™, will discuss fiscal second quarter 2023 financial results via a live webcast beginning 4:30 p.m. LAS VEGAS, Ap(GLOBE NEWSWIRE) - CleanSpark, Inc.
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