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Cleanspark earnings date9/25/2023 ![]() ![]() The forward-looking statements in this press release are only predictions. 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. Forward-looking statements contained in this press release include, but are not limited to statements regarding the Company's future results of operations and financial position, industry and business trends, strategy, plans and market growth and its objectives for future operations. The Company intends 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. For more information about CleanSpark, please visit our website at Forward-Looking Statements CleanSpark holds the 44th spot on the Financial Times' 2022 List of the 500 Fastest Growing Companies in the Americas and ranks thirteenth on Deloitte's Fast 500. We cultivate trust and transparency among our employees, the communities we operate in, and the people around the world who depend on Bitcoin. We strive to leave the planet better than we found it by sourcing and investing in low-carbon energy, like wind, solar, nuclear, and hydro. In 2020, we transitioned that expertise to develop sustainable infrastructure for Bitcoin, an essential tool for financial independence and inclusion. ![]() Since 2014, we've helped people achieve energy independence for their homes and businesses. ![]() The webcast will be accessible for at least 30 days on the Company's website and a transcript of the call will be available on the Company's website following the call.ĬleanSpark (NASDAQ: CLSK) is America's Bitcoin Miner. The Company will hold its first quarter 2023 earnings presentation and business update for investors and analysts today, February 9, 2023, at 1:30p.m. The Company's debt totaled $19.6 million at December 31, 2022, as the Company paid down $1.6 million or approximately 8% of its outstanding debt in the fourth quarter. The Company's liquidity, in cash and bitcoin, was approximately $6.0m as of December 31, 2022. Total Stockholders' Equity: $427.0 million Total Mining assets(including prepaid deposits & miners, net of accumulated depreciation): $349.0 million Despite recent macro headwinds in our first quarter, we are excited for 2023 as a year of continued execution and growth."įinancial Results for the Three Months Ended December 31, 2022īitcoin: $3.9 million (based upon a per bitcoin price of approximately $17,000 at December 31, 2022) We have been successful in sourcing and closing transactions which not only grow our percentage of the total global hash rate, but also produce meaningful bitcoin and cash flow while still paying down what little debt we have. "We have been thoughtful and calculated buyers in this market, seeking out accretive acquisitions and efficiently deploying capital. Not only did we achieve that goal rather quickly, but we have also set the tone for other miners about what a proper and prudent business model looks like in this industry," said Chief Financial Officer Gary A. ![]() "Exactly one year ago we shared our vision and strategy for being a top five miner. We are starting to see all the hard work we put in during our last quarter pay off and we expect to continue to deliver on our goals as we work toward our calendar year end guidance of 16 EH/s." Last month we had our highest monthly production ever, at nearly 700 bitcoins. "While we faced headwinds due to depressed bitcoin prices during most of our fiscal first quarter, we persisted and grew. Our average hashrate rapidly increased, outpacing global hashrate, and we mined the most bitcoin ever in a single quarter. "We have reliably grown, quarter over quarter, as we execute an operational strategy that we believe makes us one of the fastest growing, most reliable, and most efficient publicly traded bitcoin miners in North America," said Chief Executive Officer Zach Bradford. ![]()
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