This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's plans and expectations for expansion of its energy initiatives, operating results, business strategy, partnership with Coinmint, deployment of miners, digital currency mining activities, the growth of its facilities and other statements regarding the expectations, beliefs, plans, intentions and strategies of the Company. or visiting the Company's website at About CleanSparkĬleanSpark, Inc., a Nevada corporation, is an energy technology and clean Bitcoin mining Company that is focused on solving modern energy challenges.įor more information about the Company, please visit the Company's website at. Parties interested in learning more about CleanSpark products and services are encouraged to inquire by contacting the Company directly at This email address is being protected from spambots. CleanSpark now directly owns and operates facilities that will bring a combined 70MW of 95%-plus carbon-free energy capacity, with the ability to further expand." Our focus on ESG has been at the forefront of all our efforts and we expect to lead sustainable practices in the industry. We have over 23,500 S19 ASICS miners that will be delivered over the coming year-planning for responsible energy expansion has been paramount. This, along with our other initiatives, is expected to result in 2.0 EH/s by the end of 2021, which, at current difficulty rates would result in 17 to 18 bitcoin per day."īradford continued, "We have been working on a number of opportunities to increase our Bitcoin production capabilities, including energy expansion in Atlanta, our partnership with Coinmint, and now the purchase of this facility to increase the total energy capacity in our portfolio.
Based on current difficulty rates, this processing power would result in an additional 5 to 6 bitcoins per day. It is expected to produce over 650 PH/s upon installation. The Company also anticipates adding onsite renewables, including rooftop and ground mount solar and other microgrid energy solutions.ĬleanSpark President and CEO Zach Bradford said, "This facility, with its 20 MW of power, will allow us to put over 6,000 additional S19s into operation. The program allows CleanSpark to offset any carbon-based energy included in the regional energy mix with solar power. The new facility's mining operations are expected to operate at 100% net carbon-neutral, achieved through its participation in Georgia's Simple Solar program. The Company expects to complete the installation of the mining infrastructure and have the miners running by late 2021. The facility, located 33 miles from the current ATLData Center and CleanBlok operations in Atlanta, will provide 20 MW of additional power to CleanSpark's mining business with the opportunity for significant expansion.
The $6.55M purchase of the former Sprint/Nextel data center situated on over 7 acres in Norcross, Georgia closed on August 6, 2021.
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