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Cleanspark earnings call transcript12/21/2023 ![]() ![]() "Over the coming weeks, the remaining structures are expected to rapidly pass through various stages of construction as multiple trades work together to build what we believe will be the largest digital asset data center in Georgia."įor updates on our progress in Sandersville, check out the Company's official YouTube account here.ĬleanSpark (Nasdaq: CLSK) is America's Bitcoin Miner™. "I'm pleased to report that construction is on schedule for our Sandersville expansion," said Scott Garrison, senior vice president of growth. Most of the conduit has been installed site wide and the majority of concrete has been poured for the remaining buildings. Notable updates include: steel and roof structures are complete for Buildings 1, 2, and 3 racks have also been installed for these buildings. No serious delays have been reported and site construction remains on track for an expected yearend completion. October daily BTC mined averaged 20.42 and reached a high of 22. Sales of BTC equated to proceeds of approximately $16 million. The Company sold 562 BTC in October 2023 at an average of approximately $28,600 per BTC. Total BTC holdings as of October 31: 2,311.October Bitcoin Mining Update (unaudited) We're proud of our data-driven achievements and remain committed to embedding efficiency throughout our operational framework." "Our expected efficiency of 23.5 J/Th, once all new machines are deployed, not only reduces operational costs but it also ensures we are well prepared for the Bitcoin halving next year. ![]() Our fleet-wide efficiency is now estimated at 27.32 J/Th (joules per terahash) and, with the ongoing arrival of new XPs and in anticipation of the Antminer S21s we ordered in October, we expect to continue to build on these accomplishments across one of the largest and most efficient mining operations in the industry. ![]() "A combination of software optimizations and hardware upgrades have led to impressive gains in our total hashrate without requiring additional power at our existing sites. Energy and capital efficiency are paramount to our operations," said Zach Bradford, CEO. "Our recent achievement of 10 EH/s, with nearly 89,000 operational machines, demonstrates our ability to maximize efficiency to produce more hashrate using the same amount of energy. CleanSpark mined 633 bitcoin in October and increased its bitcoin holdings to 2,311. ![]()
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