![]() 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. In keeping with that focus, the Company continues to divest portions of its legacy energy business and has since reduced almost all related expenditures.ĬleanSpark (NASDAQ: CLSK) is America’s Bitcoin Miner. Power optimization. The Company expects to head into a period of active power optimization over the next few weeks as it balances its portfolio of power agreements with current Bitcoin prices and otherwise seeks to maximize its margins. Design and procurement are already underway, and construction is expected to begin in January 2023, adding an additional 50MW to the campus. In the meantime, the Company is starting Phase 2 expansion of its Washington, GA, site. While continuing to explore opportunities for disciplined, measured growth, the management team does not anticipate another substantial increase to its hashrate before yearend, unless 30 MW of pending capacity at the Company’s Sandersville, GA, campus comes online earlier than expected. November daily BTC mined averaged 17.8 and reached a high of 19.4.Įxceeds revised guidance. The Company exceeded its updated guidance of 5.5 EH/s in part due to efficiency gains, including record uptime and effective overclocking at its immersion-cooled campus in Norcross, Georgia. Sales of BTC equated to proceeds of approximately $9.4 million. The Company funded growth and operations through the sale of 544 bitcoins in November 2022 at an average of approximately $17,300 per BTC.
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