CleanSpark Releases August 2024 Bitcoin Mining Update

Core Insights - CleanSpark Inc. reported mining 478 bitcoin in August 2024, bringing the total bitcoin mined in the calendar year to 4,586 [3] - The company expects to add 65 MW of data center capacity in September, which is anticipated to significantly increase operating hashrate and bitcoin production [2][4] Mining Operations Update - Total bitcoin holdings as of August 31, 2024, were 7,558, with 2.5 bitcoin sold in August at an average price of approximately $56,729 per bitcoin [3] - The deployed fleet consists of 163,648 units, achieving a fleet efficiency of 22.70 J/Th and a month-end operating hashrate of 22.6 EH/s [3] Capacity Expansion - The Dalton expansion is expected to add 15 MW of additional data center capacity, fully operational by next week [4] - The Sandersville expansion will contribute 50 MW of additional capacity, anticipated to be fully operational by mid-month [4] - In Wyoming, a 30 MW immersion-cooled facility is progressing as planned, with power agreements for a total of 75 MW executed in July [5] Infrastructure Developments - In Tennessee, approximately 50 MW of infrastructure is currently utilized under a hosting agreement, which will be owned upon completion of the acquisition of GRIID Infrastructure Inc. [6] - An additional 80 MW of data center capacity is under construction by GRIID, which will also be owned upon completion [6] Company Overview - CleanSpark is positioned as America's Bitcoin Miner®, operating multiple data centers primarily powered by low-carbon energy [7]