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CleanSpark Inc.

@CleanSpark_Inc • 35,748 subscribers

Data Center Developer for AI, HPC and Bitcoin /// Nasdaq: $CLSK /// Power Under Contract: 1.8 GW /// BTC Holdings: 13,561

Shorts

We have grit and now we officially have GRIID. 🤝 Today $CLSK announced the completed acquisition of GRIID Infrastructure Inc. (Nasdaq: GRDI)(“GRIID”) on October 30, 2024, following approval of the transaction by stockholders of GRIID at the special meeting of its stockholders on October 28, 2024. “I’m pleased to announce the completion of our acquisition of GRIID Infrastructure Inc., a strategic move that allows us to grow our Bitcoin mining capacity in the state of Tennessee, which we intend to build to over 400 MW in the coming years,” said CleanSpark CEO Zach Bradford. “Moreover, this adds significant geographic and power supply diversity through expansion in the Tennessee Valley Authority (TVA) service territory, providing us with additional operational flexibility.” “We look forward to smoothly integrating GRIID’s team into ‘The CleanSpark Way,’ merging their impressive workforce with our own. We’ve gotten to know GRIID’s employees well in the past three months as we have prepared for the merge and they have hosted 50 MW of mining capacity for us. The fit couldn’t be better, and we are collectively ready to hit the ground running with GRIID’s existing capacity, new development in TVA, and additional talent supporting our previously acquired sites in the state,” said Bradford. “I’m proud to welcome CleanSpark to Tennessee,” said U.S. Senator Bill Hagerty. The Volunteer State is a great place to grow a business and has rapidly developed into one of the centers of America’s Bitcoin industry. We boast a globally competitive workforce, a superior quality of life, and thanks to TVA, reliable and affordable power. We are excited to see CleanSpark grow and invest in Tennessee.” “The closing of the merger is a great outcome for GRIID’s shareholders and employees,” said GRIID's former CEO Trey Kelly. “It’s great to start the next chapter, and merging with CleanSpark is a tribute to the business we’ve built with some of the best Bitcoin mining professionals in the world. CleanSpark has already begun demonstrating their ability to accelerate and maximize the value of GRIID’s power pipeline, and I see tremendous upside for the combined company in the years to come.” Under the terms of the merger agreement originally announced on June 27, 2024, each share of GRIID common stock was converted into approximately 0.06959 of a share of CleanSpark common stock at the effective time of the merger. In connection with the closing of the transaction, GRIID has requested that Nasdaq suspend trading of the GRIID common stock and GRIID public warrants on Nasdaq prior to the opening of trading on October 31, 2024. The shares of GRIID common stock are expected to be delisted from Cboe Canada at the end of the day on October 31, 2024. Full press release here:

We have grit and now we officially have GRIID. 🤝 Today $CLSK announced the completed acquisition of GRIID Infrastructure Inc. (Nasdaq: GRDI)(“GRIID”) on October 30, 2024, following approval of the transaction by stockholders of GRIID at the special meeting of its stockholders on October 28, 2024. “I’m pleased to announce the completion of our acquisition of GRIID Infrastructure Inc., a strategic move that allows us to grow our Bitcoin mining capacity in the state of Tennessee, which we intend to build to over 400 MW in the coming years,” said CleanSpark CEO Zach Bradford. “Moreover, this adds significant geographic and power supply diversity through expansion in the Tennessee Valley Authority (TVA) service territory, providing us with additional operational flexibility.” “We look forward to smoothly integrating GRIID’s team into ‘The CleanSpark Way,’ merging their impressive workforce with our own. We’ve gotten to know GRIID’s employees well in the past three months as we have prepared for the merge and they have hosted 50 MW of mining capacity for us. The fit couldn’t be better, and we are collectively ready to hit the ground running with GRIID’s existing capacity, new development in TVA, and additional talent supporting our previously acquired sites in the state,” said Bradford. “I’m proud to welcome CleanSpark to Tennessee,” said U.S. Senator Bill Hagerty. The Volunteer State is a great place to grow a business and has rapidly developed into one of the centers of America’s Bitcoin industry. We boast a globally competitive workforce, a superior quality of life, and thanks to TVA, reliable and affordable power. We are excited to see CleanSpark grow and invest in Tennessee.” “The closing of the merger is a great outcome for GRIID’s shareholders and employees,” said GRIID's former CEO Trey Kelly. “It’s great to start the next chapter, and merging with CleanSpark is a tribute to the business we’ve built with some of the best Bitcoin mining professionals in the world. CleanSpark has already begun demonstrating their ability to accelerate and maximize the value of GRIID’s power pipeline, and I see tremendous upside for the combined company in the years to come.” Under the terms of the merger agreement originally announced on June 27, 2024, each share of GRIID common stock was converted into approximately 0.06959 of a share of CleanSpark common stock at the effective time of the merger. In connection with the closing of the transaction, GRIID has requested that Nasdaq suspend trading of the GRIID common stock and GRIID public warrants on Nasdaq prior to the opening of trading on October 31, 2024. The shares of GRIID common stock are expected to be delisted from Cboe Canada at the end of the day on October 31, 2024. Full press release here:

102,897 Aufrufe

More than 12,500 bitcoin in our treasury… self-mined by $CLSK operations without any equity issued to finance growth since late 2024.

More than 12,500 bitcoin in our treasury… self-mined by $CLSK operations without any equity issued to finance growth since late 2024.

24,525 Aufrufe

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30 and thriving! 🌻🌻🌻 We've achieved the incredible milestone of 30 EH/s in operational #hashrate, a 200% increase since October 2023, through significant organic growth paired with turn-key acquisitions and the execution of a fleet upgrade. Our efficiency was improved during the same period by nearly 20% and we boosted the number of operational machines by 112%. This has allowed us to increase computing power and produce more #bitcoin while consuming less energy and allowing for more hashrate to be generated with fewer machines. We expect to surpass 37 EH/s before the end of 2024 and intend to continue our growth to 50 EH/s and beyond in 2025. Additional hashrate is anticipated to come online due to the expected acquisition closing of GRIID this month. CleanSpark is one of the largest owned-and-operated publicly traded bitcoin miners in North America and has a portfolio of sites located in Georgia, Mississippi, Wyoming and Tennessee. "Reaching 30 EH/s positions us as one of the largest bitcoin miners in the world. We have added more operational hashrate than any other miner in 2024. The results we continue to deliver demonstrate our commitment and ability to scale rapidly and with capital efficiency," said Zach Bradford, $CLSK CEO. "Our team's agility, effectiveness and relentless grit has been paramount to the success of CleanSpark. Our efforts to time the market and lock in industry-best pricing on rigs and sites positioned us to take advantage of the opportunities in the market. During this period of rapid expansion of our operations, we have also grown our bitcoin treasury to over 8,049 bitcoin. Since October 2021, we have significantly increased our computing power year over year by quadrupling in 2022, nearly doubling in 2023 and tripling our hashrate in 2024." Press release here:

30 and thriving! 🌻🌻🌻 We've achieved the incredible milestone of 30 EH/s in operational #hashrate, a 200% increase since October 2023, through significant organic growth paired with turn-key acquisitions and the execution of a fleet upgrade. Our efficiency was improved during the same period by nearly 20% and we boosted the number of operational machines by 112%. This has allowed us to increase computing power and produce more #bitcoin while consuming less energy and allowing for more hashrate to be generated with fewer machines. We expect to surpass 37 EH/s before the end of 2024 and intend to continue our growth to 50 EH/s and beyond in 2025. Additional hashrate is anticipated to come online due to the expected acquisition closing of GRIID this month. CleanSpark is one of the largest owned-and-operated publicly traded bitcoin miners in North America and has a portfolio of sites located in Georgia, Mississippi, Wyoming and Tennessee. "Reaching 30 EH/s positions us as one of the largest bitcoin miners in the world. We have added more operational hashrate than any other miner in 2024. The results we continue to deliver demonstrate our commitment and ability to scale rapidly and with capital efficiency," said Zach Bradford, $CLSK CEO. "Our team's agility, effectiveness and relentless grit has been paramount to the success of CleanSpark. Our efforts to time the market and lock in industry-best pricing on rigs and sites positioned us to take advantage of the opportunities in the market. During this period of rapid expansion of our operations, we have also grown our bitcoin treasury to over 8,049 bitcoin. Since October 2021, we have significantly increased our computing power year over year by quadrupling in 2022, nearly doubling in 2023 and tripling our hashrate in 2024." Press release here:

CleanSpark Inc.

107,806 Aufrufe • vor 1 Jahr

Giddy up! $CLSK has entered into definitive agreements to acquire 75 MW of #bitcoin mining sites in Wyoming for $18.75 million, expecting to add over 4 EH/s in #hashrate once fully operational.🤠🐎 This is now the third state in our portfolio of owned-and-operated bitcoin mining facilities. The agreement is anticipated to close in 45 days and we plan to break ground shortly after closing. This includes the potential to expand by an additional 55 MW for a total of over 7 EH/s. “Just three short months ago, we took a leap and expanded into Mississippi. Today, I’m pleased to share that we are continuing our journey with our westward expansion into Wyoming. Diversifying our portfolio is integral to our strategy and we are well positioned to take advantage of similar acquisitions in the wake of the halving,” said CEO Zach Bradford. More info:

Giddy up! $CLSK has entered into definitive agreements to acquire 75 MW of #bitcoin mining sites in Wyoming for $18.75 million, expecting to add over 4 EH/s in #hashrate once fully operational.🤠🐎 This is now the third state in our portfolio of owned-and-operated bitcoin mining facilities. The agreement is anticipated to close in 45 days and we plan to break ground shortly after closing. This includes the potential to expand by an additional 55 MW for a total of over 7 EH/s. “Just three short months ago, we took a leap and expanded into Mississippi. Today, I’m pleased to share that we are continuing our journey with our westward expansion into Wyoming. Diversifying our portfolio is integral to our strategy and we are well positioned to take advantage of similar acquisitions in the wake of the halving,” said CEO Zach Bradford. More info:

CleanSpark Inc.

116,602 Aufrufe • vor 2 Jahren

We're listening. 👂 Thank you Adam Johnson for the $CLSK shoutout on Yahoo Finance during your Trader Talk interview with Kenny Polcari!

We're listening. 👂 Thank you Adam Johnson for the $CLSK shoutout on Yahoo Finance during your Trader Talk interview with Kenny Polcari!

CleanSpark Inc.

36,200 Aufrufe • vor 5 Monaten

Our acquisition of three Mississippi #Bitcoin mining data centers is complete and initial operations have already begun, boosting $CLSK's operating #hashrate to over 15 EH/s. In nearby Georgia, we have invested over $700 million into energy infrastructure, miners, buildings, and job creation, while contributing tens of millions of dollars to communities in the form of taxes and local margins on #energy bills. We expect to bring the same level of care and attention to Mississippi that we are known for in Georgia. “Expanding into a new state is an important milestone for our company and we are looking forward to partnering with the communities we are joining. By maximizing the grid services capabilities of bitcoin miners, we aim to create jobs and foster economic growth that benefits both our new neighbors and our shareholders. Our investment in Mississippi is one more step in the direction of the shared prosperity that Bitcoin promises.” -CEO Zach Bradford Full release:

Our acquisition of three Mississippi #Bitcoin mining data centers is complete and initial operations have already begun, boosting $CLSK's operating #hashrate to over 15 EH/s. In nearby Georgia, we have invested over $700 million into energy infrastructure, miners, buildings, and job creation, while contributing tens of millions of dollars to communities in the form of taxes and local margins on #energy bills. We expect to bring the same level of care and attention to Mississippi that we are known for in Georgia. “Expanding into a new state is an important milestone for our company and we are looking forward to partnering with the communities we are joining. By maximizing the grid services capabilities of bitcoin miners, we aim to create jobs and foster economic growth that benefits both our new neighbors and our shareholders. Our investment in Mississippi is one more step in the direction of the shared prosperity that Bitcoin promises.” -CEO Zach Bradford Full release:

CleanSpark Inc.

72,541 Aufrufe • vor 2 Jahren

In 2025, $CLSK learned, grew and pushed further than ever before. *Rang the opening bell at Nasdaq *Reached 50 EH/s and surpassed 13,000 bitcoin in treasury *Expanded beyond Bitcoin mining data centers to include AI and HPC *Strengthened leadership with a new CEO, restructuring and key hires *Secured $400M in Bitcoin-backed credit facilities *Closed on an upsized $1.15 billion zero-coupon convertible notes offering Here’s to an even bigger 2026. 💫

In 2025, $CLSK learned, grew and pushed further than ever before. Rang the opening bell at Nasdaq Reached 50 EH/s and surpassed 13,000 bitcoin in treasury Expanded beyond Bitcoin mining data centers to include AI and HPC Strengthened leadership with a new CEO, restructuring and key hires Secured $400M in Bitcoin-backed credit facilities Closed on an upsized $1.15 billion zero-coupon convertible notes offering Here’s to an even bigger 2026. 💫

CleanSpark Inc.

20,131 Aufrufe • vor 5 Monaten

Proof of work isn’t just on the blockchain, it’s also on the ground. Our milestone of reaching 50 EH/s in Bitcoin mining hashrate is a direct result of the relentless grit and perseverance of our teams. Invisible work behind the visible success. The CleanSpark Way. $CLSK

Proof of work isn’t just on the blockchain, it’s also on the ground. Our milestone of reaching 50 EH/s in Bitcoin mining hashrate is a direct result of the relentless grit and perseverance of our teams. Invisible work behind the visible success. The CleanSpark Way. $CLSK

CleanSpark Inc.

34,446 Aufrufe • vor 11 Monaten

Since mining our first bitcoin in December 2020, $CLSK has shown a proven track record. 50 EH/s in operational hashrate. Average deployed fleet efficiency of 16.15 J/Th. 12,608 BTC in treasury. Nearly 1 GW under contract. We're a Bitcoin miner leveraging our energy background to grow strategically and sustainably. ⚡️💡

Since mining our first bitcoin in December 2020, $CLSK has shown a proven track record. 50 EH/s in operational hashrate. Average deployed fleet efficiency of 16.15 J/Th. 12,608 BTC in treasury. Nearly 1 GW under contract. We're a Bitcoin miner leveraging our energy background to grow strategically and sustainably. ⚡️💡

CleanSpark Inc.

20,799 Aufrufe • vor 10 Monaten

Built and operated in the American heartland, we are mining bitcoin The CleanSpark Way. Join us for our quarterly earnings call this afternoon. Registration link:

Built and operated in the American heartland, we are mining bitcoin The CleanSpark Way. Join us for our quarterly earnings call this afternoon. Registration link:

CleanSpark Inc.

11,560 Aufrufe • vor 10 Monaten

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