CleanSpark Unveils Latest Bitcoin Mining Update for August 2024
CleanSpark Inc., known as America’s Bitcoin Miner®, recently provided an update on its bitcoin mining and operations for August 2024. The company mined 478 bitcoins and boosted its total operating hashrate by 1.4 EH/s during the month. They anticipate bringing 65 MW of data center capacity online in September.
CEO Zach Bradford expressed the team’s commitment to enhancing fleet efficiency and increasing hashrate as they near the end of the fiscal year. The company aims to energize 65 MW of capacity in September, expecting a significant rise in operating hashrate and bitcoin production by the fiscal year’s close.
In August, CleanSpark mined a total of 478 bitcoins, bringing their year-to-date bitcoin mined to 4,586. As of August 31, they held 7,558 bitcoins and sold 2.5 bitcoins during the month at an average price of around $56,729 per bitcoin. The deployed fleet stood at 163,648 with an efficiency of 22.70 J/Th and an operating hashrate of 22.6 EH/s at month-end.
The company reported an average hashrate of 21.3 EH/s in August, resulting in a daily average of 15.43 bitcoins mined, with a peak of 17.88 bitcoins in a single day.
CleanSpark provided updates on its expansion projects:
– Dalton Expansion: 15 MW of additional data center capacity is set to be operational by next week.
– Sandersville Expansion: 50 MW of additional data center capacity is expected to be operational by mid-month.
– Wyoming: Progress continues on the initial 30 MW immersion-cooled facility, with preparations for the second site underway. Power agreements for sites totaling 75 MW were executed in July.
– Tennessee: The company currently utilizes approximately 50 MW under a hosting agreement, with 80 MW of additional data center capacity under construction by GRIID Infrastructure Inc.
CleanSpark, listed on Nasdaq as CLSK, is America’s Bitcoin Miner® operating data centers primarily powered by low-carbon energy. The company supports Bitcoin, emphasizing its role as a vital digital asset for financial independence and inclusion. CleanSpark values trust and transparency within its workforce and operating communities.
The company highlighted forward-looking statements in the press release, outlining expectations, plans, and potential risks associated with future operations. CleanSpark remains focused on growth opportunities in Tennessee and Wyoming, expansion projects, and enhancing its hashrate.
For investor relations, contact Brittany Moore at 702-989-7693, and for media inquiries, reach out to Eleni Stylianou at 702-989-7694.
CleanSpark’s commitment to sustainable bitcoin mining and strategic expansion projects underscores its position as a key player in the evolving digital currency landscape.
