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Bitcoin (BTC) mining firm CleanSpark is planning to continue its strategy of scooping up distressed mining company assets this year. The Bitcoin miner released its fiscal Q1 earnings presentation on Feb. 9, where the company said it remained optimistic about the coming year and continued growth.Chief Financial Officer, Gary Vecchiarelli, said
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Bradford noted the move doesn't necessarily mean the company will issue any of the authorized shares, but it will give the company the option to use equity, if needed, to reach its targeted growth. "We believe the [increased] shares would provide us the flexibility to not only maintain market share,
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Bitcoin (BTC) miner CleanSpark is expanding operations in the state of Georgia, adding to its mining capacity despite the ongoing bear market. Groundbreaking on a new 50-megawatt Bitcoin mining facility in Washington, Georgia, is underway, with expected completion in late spring, CleanSpark disclosed on Jan. 19. The nearly $16 million expansion
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The mining firm will increase its computing power by 25% to 34% after the site goes online. Source
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CleanSpark revenues for Q4 2022 grew to $26.2 million, which is an increase of $3.3 million from $22.9 million the prior year.CleanSpark Inc (NASDAQ: CLSK), a cryptocurrency mining company based in the United States, reported its Q4 2022 and the financial year ending September 30, 2022. According to the SEC
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In addition to the guidance cut, CleanSpark said that its fourth-quarter revenue rose 235% compared to the same period last year. Meanwhile, its net loss widened by 683% year over year, mainly due to the impairment of goodwill and bitcoin balances as well as non-cash charges due to modification of
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On Nov. 1, 2022, the bitcoin miner Cleanspark revealed it acquired 3,853 Bitmain-brand Antminer S19J Pro mining rigs for $5.9 million. According to Cleanspark, the company has purchased 26,500 bitcoin mining machines since the crypto winter started in June. Cleanspark Purchases 3,853 Antminer S19J Pro Units at $15.50 per Terahash After the
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The bitcoin miner has bought more than 26,500 mining machines and 116MW of facilities in the bear market. Original Source
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The miner now sees year-end computing power at 5.5 exahash per second (EH/s) Original Source
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Bitcoin mining operations continue to truck on through the crypto winter as a number of miners have revealed expansion plans during the last week. Following the acquisition of 10,000 ASIC Antminers, Cleanspark revealed it acquired a turnkey bitcoin mining facility from Mawson Infrastructure. Reports note that Arsenal Digital Holdings acquired
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