CleanSpark's August Mining Update: Record Bitcoin Production and Expansion Plans

CleanSpark's August 2024 Bitcoin Mining Update

CleanSpark Inc. (Nasdaq: CLSK), recognized as America's Bitcoin Miner®, has released its unaudited bitcoin mining and operations update for August 2024, showcasing impressive growth and future expansion plans.

Key Highlights:

• Bitcoin Mined: 478 BTC in August, bringing the CY2024 total to 4,586 BTC.
• Total Holdings: 7,558 BTC as of August 31.
• Sales: 2.5 BTC sold at an average price of $56,729 per BTC.
• Fleet Size: Deployed fleet now totals 163,648 units with an efficiency of 22.70 J/Th.
• Operating Hashrate: Increased to 22.6 EH/s.

Zach Bradford, CEO, stated, "As we approach the end of our fiscal year, the team continues to work diligently to optimize fleet efficiency and increase hashrate. Our fleet upgrade is well underway as we prepare for 65 MW of new capacity to come online in September."

Expansion Updates:

• Dalton Expansion: 15 MW of additional data center capacity expected to be operational next week.
• Sandersville Expansion: 50 MW capacity anticipated to be fully hashing by mid-month.
• Wyoming: Progressing on the initial 30 MW immersion-cooled facility and preparing for a second site.
• Tennessee: Utilizing 50 MW under a hosting agreement with plans for 80 MW more under construction.

For more information about CleanSpark, visit CleanSpark's website.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ due to various factors, including market conditions, regulatory changes, and operational challenges.