![]() 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 expansion of the Company’s Georgia bitcoin mining facilities, increasing our efficiency, and the resulting anticipated benefits to CleanSpark (including as to anticipated additions to CleanSpark’s hashrate and the timing thereof). ![]() We cultivate trust and transparency among our employees, the communities we operate in, and the people around the world who depend on Bitcoin. 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. For more information about CleanSpark, please visit our website at Forward-Looking Statements 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. Additional updates about the expansion are posted from time-to-time on the Company’s Twitter feed, CleanSparkĬleanSpark (NASDAQ: CLSK) is America’s Bitcoin Miner™. The planned expansion will add over 6 EH/s to CleanSpark’s mining operations. Crews are making headway in prepping the land for the Company’s expansion at its Sandersville site. Racking has begun and energization is expected to begin in the second half of June. ![]() Miners are arriving daily with all units expected to be at the facility by the end of the month. The 50MW expansion continues to track according to projected timelines, despite a series of rain delays that temporarily slowed down progress. May daily BTC mined averaged 19.6 and reached a high of 29.6, due to a brief period of unusually high transaction fees. Sales of BTC equated to proceeds of approximately $12.9 million. The Company funded growth and operations through the sale of 471 bitcoins in May 2023 at an average of approximately $27,400 per BTC. Currently deployed fleet of about 67,196 latest-generation bitcoin miners with a hashrate of 6.7 EH/s.Total BTC converted for operations and growth in May: 471.Since then, transaction fees have normalized.” At its peak, our bitcoin production jumped to nearly 30 bitcoins in a single day, almost double our normal daily production of about 18 bitcoins. For about five days in May, fees were elevated because of increased interest in ordinals on the blockchain. ![]() “Additionally, the amount of bitcoin we mined this month exceeded expectations, largely due to increases in operational efficiency and a brief, albeit significant, increase in transaction fees.
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