CleanSpark

Our CEO Zachary Bradford recently joined Tim Stenovec and Carol Massar on a Bloomberg Businessweek podcast to chat about the Bitcoin industry, CleanSpark fleet efficiency, and more. Listen 🔊: https://bloom.bg/3TakM1h

Did you know CleanSpark has a state-of-the-art miner repair lab at our Bitcoin mining facility in Norcross, GA? Watch one of our techs fix a temp sensor here: https://lnkd.in/eYnc4w7u

Teams are hard at work in Dalton, GA, for CleanSpark's 15 MW Bitcoin mining expansion! Transformer and panelboard installation is in progress for East and West buildings.

In case you missed CleanSpark's July Bitcoin mining update, watch our video report here. ⤵️ https://lnkd.in/eamHxc98

ICYMI: Our executive chairman and co-founder S. Matthew Schultz released a special video message following CleanSpark's earnings call last week. Watch it here 📽:

The Road To 20 Exahash With Zachary Bradford This week we are joined by Zach Bradford, CEO of CleanSpark, to discuss Cleanspark’s exlplosive 2024 growth. From purchasing peer miner GRIID to new sites in multiple states, Bradford goes through Cleanspark’s last twelve months, why the company is focused on Bitcoin and Bitcoin only, why Cleanspark is focused on building in the US (but maybe not forever!), comparative strategies like MARA’s new HODL and possibly some tech developments worth listening to the end of the show for. https://lnkd.in/g8XmUh_G

Introducing CleanSpark's Q3 FY2024 financial results ended June 30, 2024: *Revenue: $104.1 million *Gross Margin (after direct costs to mine): 57% *Efficiency: 22.31 J/Th Revenue grew by 129% YoY and our Bitcoin mining hashrate as of today is 22.3 EH/s. In addition, we’ve partnered with Coinbase on a $50 million line of credit. Read the full press release here: https://bit.ly/4dCYtZM

CleanSpark's fiscal third quarter 2024 financial results webcast is now scheduled for today, August 9, 2024, at 4:30 PM ET / 1:30 PM PT. View the webcast here: https://bit.ly/4d1zUpR

What does the team in Dalton, GA, enjoy most about working for CleanSpark? Watch the newest video in our CleanSpark Asks series here: https://bit.ly/4cbAKyR #bitcoin #bitcoinminer

July was a gem of a month and the future is looking crystal clear. 💎 The CleanSpark team rocks. 🪨 *Monthly production: 494 *Calendar year production: 4,108 *Hashrate: 21.2 EH/s *Total BTC holdings: 7,082 (567% increase from same prior-year period) *Deployed fleet: 160,900 *Fleet efficiency: 22.89 J/Th "We made significant progress in two new states this month," said Zachary Bradford, CEO. "Power agreements totaling 75 MW have been secured in Wyoming along with the closing of our first Bitcoin mining site in the state. In Tennessee, we began hashing under our agreements with GRIID infrastructure Inc. with 1 EH/s of additional hashrate added in July. We're continuing our trajectory of growth as we progress towards our target of 32 EH/s by the end of the year." *Hashing in Tennessee has begun under a co-location agreement with 1.0 EH/s operational at month end, and an additional 1.28 EH/s expected to go online by the end of the current week. *Power agreements for 75 MW in Wyoming have been executed and we closed on our first Bitcoin mining site in the state. The 30 MW site is expected to add approximately 2 EH/s to CleanSpark's hashrate before the end of the year and we expect to proceed with the closing of a second site in the coming weeks. *Electrical primary installation is currently ongoing at our expansion in Dalton, GA. The East building is completed and construction of the West building is underway. The 15 MW expansion is expected to be hashing by early September 2024, leading to an increase of approximately 0.9 EH/s upon completion. Full press release: https://bit.ly/46yfRfW