![]() Copyright 2023 CleanSparkĬleanSpark Reports Third Quarter FY2023 Financial Results Announces 16 EH/s Expansion Fully Funded Achieved record revenue for the quarter of $45.5 million, net loss of $(14.2) million and Adjusted EBITDA of $13.3 million Reports current cash and biĬleanSpark to Acquire Turnkey Bitcoin Mining Facilities for $9.3M in All-cash Deal The facilities will host some of the most power-efficient miners on the market, from orders paid for earlier this yearĬleanSpark Buys 12,500 Antminer S19 XP Bitcoin Miners for $40.5M Total hashrate of deployed machines and those under contract for delivery now exceeds CleanSpark’s year-end guidance of 16 EH/sĬleanSpark Reports First Quarter FY2023 Financial Results First quarter revenue of $27.8 million, net GAAP loss of $(29.0) million and Adjusted EBITDA of ($1.4) million Mined 1,531 Bitcoin, a 132% increase over same prior year periodĬleanSpark Reports Fourth Quarter and Year End FY2022 Financial Results 2022 Revenue of $131.5 million, net loss of $(57.3) million and Adjusted EBITDA of $65.7 million Q4 revenue of $26.2 million, net loss of $(42.3) million and Adjusted EBITDA of $ĬleanSpark Expands Board of Directors with Appointment of Bitcoin Policy Expert Amanda Cavaleri Cavaleri, board chair of the non-profit Bitcoin Today Coalition, brings extensive advocacy and policy experience to CleanSpark’s board of directorsĪudited combined financial statements of WAHA Technologies, Inc. At the same time, increased electricity demand from those operations can put extra strain on already-stressed power grids.Investor Presentation August 2023 NASDAQ: CLSK All Rights Reserved. Meanwhile, blockchains that support crypto assets now use more energy than many countries, including Argentina and Australia, according to the report.Īir, noise, and water pollution from crypto mining operations can hurt the environment and “exacerbate environmental justice issues for underserved communities,” the document says. now does 38% of the world’s Bitcoin mining, compared with 3.5% in 2020. Bitcoin and Ether are the world’s first- and second-biggest tokens, respectively.Īccording to statistics cited Thursday by the White House, the U.S. The Ethereum network is set to undergo a major software upgrade this month, known as the Merge, that will transition the blockchain to a less energy-intensive approach. Read More: Fact-Checking 8 Claims About Crypto’s Climate Impact Software upgrade ![]() Since early 2021, American government agencies have launched a series of efforts related to global warming.Ĭreating new coins and validating transactions on the Bitcoin and Ethereum blockchains involves an energy intensive process in which multiple computers compete to solve complex math puzzles, with the winner adding new verified transactions to the blockchain in exchange for token rewards. ![]() ![]() The conclusions released on Thursday dovetail with the Biden administration’s focus on mitigating climate change.
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