![]() ![]() ![]() Sales of BTC equated to proceeds of approximately $17.9 million. The Company funded growth and operations through the sale of 778 bitcoins in February 2023 at an average of approximately $23K per BTC (compared to $19K in January 2023). Total BTC converted for operations and growth in February: 778Ĭurrently deployed fleet of about 66,900 latest-generation bitcoin miners with a hashrate of 6.6 EH/s Total BTC holdings as of February 28: 100 It’s how we have managed to grow fast and reliably in the few short years since we entered this industry-and how we’ll continue to grow well into our future.”įebruary Bitcoin Mining Update (unaudited) Our ability to constantly iterate-whether we are building air-cooled facilities or deploying latest-gen immersion cooling-is built into the CleanSpark way. We are relying on everything we have learned in this space, since constructing our very first mining campus in College Park, as we build the Washington expansion. “Meanwhile, construction continues in Washington, where an additional 50 megawatts are set to go online in a few months. Months like February are practice-runs for halving-and we intend to continue to test and deploy all hardware and software at our disposal in our bid to be the best prepared miner when halving happens next year. That progress, coupled with average wholesale power rates as low as two cents per kilowatt hour, has allowed us to increase our profit margins even as production compressed month-over-month due to February being the shortest month of the year. “For example, this month we improved our efficiency by over three percent compared to December 2022, when we last reported these numbers in our quarterly report. “Our background in energy efficiency gives us a clear advantage in the market as we make incremental improvements to our mining fleet,” said Zach Bradford, CEO. (Nasdaq: CLSK), America’s Bitcoin Miner™, today released its unaudited bitcoin mining and operations update for the month ending February 28, 2023. LAS VEGAS, Ma(GLOBE NEWSWIRE) - CleanSpark, Inc. Company mines 576 bitcoin in the year’s shortest month hits new efficiency milestone of 30.6 watts per terahash ![]()
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