![]() We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. The forward-looking statements in this press release are only predictions. Forward-looking statements contained in this press release include, but are not limited to, statements regarding our future results of operations and financial position, industry and business trends, business strategy, expansion plans, market growth and our objectives for future operations. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. All statements other than statements of historical facts contained in this press release may be forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for the expansion of the bitcoin mining facilities in Washington, Georgia, the resulting anticipated benefits to CleanSpark (including as to anticipated additions to CleanSpark's hashrate and the timing thereof). CleanSpark mines with the most power-efficient generation of mining machines in the market and uses predominantly low-carbon energy sources, which account for over 90% of its energy mix. ![]() Its latest acquisition was last month, when it acquired a turnkey bitcoin mining campus, that consists of two sites, in Dalton, Georgia, for $9.3 million in an all-cash deal. This expansion has already helped us get more than halfway to our year-end guidance of 16 EH/s."ĬleanSpark has followed an aggressive growth trajectory after the latest bear cycle began in 2022. "But it couldn't have been possible without local contractors and the Washington, GA, community, who have been supportive partners of our efforts to generate sustainable economic growth in the area. "The speed with which our team has successfully executed this expansion testifies to the technical expertise and experience that we have gained since we transitioned from an energy company to a bitcoin mining company," said Zach Bradford, CEO of CleanSpark. Including additional miners purchased and added to phase one, the total investment by the Company in the campus is over $100M and has already been fully funded. CleanSpark acquired the 36 MW campus along with existing infrastructure and machines for $25.1 million in August 2022, and has invested about $55 million on phase two – including construction, infrastructure, and machines – which is expected to increase the total power capacity to 86 MW. ![]() Phase two of the Washington campus has a power capacity of 50 megawatts (MW) or just over 15,000 mining machines, of which about 10,500 are already in operation.
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