10,097 bitcoin held in treasury,
all produced from mining activity
LAS
VEGAS, Jan. 9, 2025 /PRNewswire/ -- CleanSpark
Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the
"Company"), today announced a significant milestone, achieving
over 10,000 bitcoin in its treasury, all self-mined
exclusively from its U.S.-based mining operations.
"Surpassing the 10,000-bitcoin mark reflects
CleanSpark's commitment to operational excellence, strategic
growth, and disciplined capital management," said Zach Bradford, Chief Executive Officer and
President of CleanSpark. "This accomplishment is a direct result of
our unwavering focus on scaling efficiently and responsibly. Every
bitcoin in our treasury has been mined in the United States, supported by American
energy and jobs—underscoring our dedication to sustainable growth
and innovation in the global bitcoin ecosystem."
The milestone also highlights a 236% year-over-year increase in
CleanSpark's bitcoin-denominated treasury, showcasing
the company's ability to drive substantial growth in a dynamic
market environment.
"This achievement is not just about a number, it is a direct
reflection of the success of our financial strategy and how far our
industry-leading operations have come, which have evolved since we
mined our first bitcoin in December 2021," added Gary Vecchiarelli, Chief Financial Officer of
CleanSpark. "As the digital asset landscape evolves, we are
committed to using our bitcoin holdings in a manner
that aligns with sound risk management principles and disciplined
capital strategy. By avoiding unfavorable counterparty exposure and
leveraging our bitcoin to lower our cost of capital,
we are positioning CleanSpark as a leader in responsible financial
innovation."
CleanSpark's achievement underscores its role as a key player in
the bitcoin mining industry, setting new benchmarks
for operational integrity and financial leadership. As the company
continues to grow, its focus remains on driving long-term value for
stakeholders while contributing to the ongoing development of the
global bitcoin and digital asset ecosystem.
About CleanSpark
CleanSpark (Nasdaq: CLSK), America's Bitcoin
Miner®, is a market-leading, pure play Bitcoin miner
with a proven track record of success. We own and operate a
portfolio of mining facilities across the
United States powered by globally competitive energy prices.
Sitting at the intersection of Bitcoin, energy,
operational excellence and capital stewardship, we optimize our
mining facilities to deliver superior returns to our shareholders.
Monetizing low-cost, high reliability energy by securing the most
important finite, global asset – Bitcoin – positions
us to prosper in an ever-changing world. Visit our website
at www.cleanspark.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. In this press release, forward-looking statements include,
but may not be limited to, statements regarding the Company's
expectations, beliefs, plans, intentions, and strategies. 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. The forward-looking statements are subject to a
variety of known and unknown risks, uncertainties and other
important factors that may cause our actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements, including, but not limited to:
retention of some or all of the assets discussed herein;
development of a mature financial bitcoin market; the
volatile and unpredictable cycles in the emerging and evolving
industries in which we operate; new or additional governmental
regulation; the expectations of future revenue growth may not be
realized; and other risks described in the Company's prior press
releases and in its filings with the Securities and Exchange
Commission (SEC), including under the heading "Risk Factors" in the
Company's Annual Report on Form 10-K for the fiscal year ended
September 30, 2024, and any
subsequent filings with the SEC. Forward-looking statements
contained herein are made only as to the date of this press
release, and we assume no obligation to update or revise any
forward-looking statements as a result of any new information,
changed circumstances or future events or otherwise, except as
required by applicable law.
Investor Relations Contact
Harry Sudock
702-989-7692
ir@cleanspark.com
Media Contact
Eleni Stylianou
702-989-7694
pr@cleanspark.com
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SOURCE CleanSpark, Inc.