We will continue to provide periodic updates as we make additional progress on our expansion plans with the intention of increasing production at our Atlanta facility from the current approximately 15 MW to more than 50 MW. We anticipate completion of our near-term expansion within the coming weeks adding 1,500 more ASICs miners in January. As prices fluctuate, the Company’s focus is on the variables within our control such as expanding the fleet of miners, and maximizing the renewable energy usage. We anticipate that as we scale up our deployment of energy assets and software, we can decrease our total cost per coin to even lower levels. Conservatively, based on our all-in costs including energy, rent, personnel and overhead the Company can realize a profit whenever Bitcoin values are above $6,000 per coin. Zach Bradford, CEO of CleanSpark commented, “We believe in taking a big-picture approach in how we view Bitcoin values with a focus on profitability. The Company’s Bitcoin mining activities have resulted in roughly $873,000 of revenue since the closing of the transaction. Bitcoin prices have rapidly escalated to as high as $34,366 over the holiday weekend. Production since the first of the year has exceeded 4.3 Bitcoins.
#CLEANSPARK ATL SOFTWARE#
(Nasdaq: CLSK), (“CleanSpark, or the Company”), an advanced software and controls technology solutions company focused on solving modern energy challenges, today announced updated total Bitcoin mining numbers and revenues following its acquisition of its wholly owned subsidiary, ATL Data Centers LLC.įrom Decemthe first full-day of mining following the acquisition, through the end of the calendar year, CleanSpark produced just over 31 Bitcoins from its mining activities. 05, 2021 (GLOBE NEWSWIRE) - SALT LAKE CITY, Janu- CleanSpark, Inc.
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